Hong Kong vs. Singapore: Retirement

The Wall Street Journal, 8 Dec 2010Hong Kong’s Mandatory Provident FundEstablished: 2000Coverage for: Full-time and part-time employees in Hong Kong aged 18 to 65Contributions: 5% of income, capped at HK$1,000 per month, 100% matched by employerTaxed: Gains taxed up to 15%Fees: On average 1.1% to 2.4% of net asset valueAge one can withdraw: 65Average Hong Kong life expectancy: 81.86Minimum