ENJOY YOUR RETIREMENT YEARS

ENJOY YOUR RETIREMENT

Move towards a fulfilling life in retirement

Did you know?

Retiring early is one of the top three objectives of Hong Kong people in saving money¹.

THERE IS A WIDE GAP IN RETIREMENT PLANNING IN HONG KONG

Hong Kong people are living longer. According to estimates, by 2041 the average life expectancy of local men and women will reach 84 and 90 respectively². 67% of survey respondents would face a shortfall in their retirement reserves for the extended golden years^3,4. Therefore, they might need to delay their retirement or compromise on a lower standard of living instead of realising their ideal picture of life in retirement.

LACKING A RETIRMENT PLAN

A survey shows that half of the population has no definite plan for their future retirement. The majority keep over 40% of their savings for retirement in cash or time deposits³, these usually have very low interest rates, which does not offer growth and barely combats inflation. Nearly 45% are unaware of the investment returns of their MPF and pay little attention to their accounts³. All these make it even more difficult to reach their retirement goals. In fact, a comprehensive savings insurance plan can help you achieve your ideal financial goals for retirement.

ARE YOU CONFIDENT THAT YOU WILL ACHIEVE YOUR DESIRED RETIREMENT GOALS?

Are you confident that you will achieve your desired retirement goals?

65% of respondents are not confident that they will achieve their goals³.

The earlier you start planning for your retirement, the easier it is to achieve your ideal picture of life in the future.

YOUR RETIREMENT WISHES

Where would you like to live?
Would you like to live with your loved ones?
What plans do you have?

YOUR CAPITAL FOR RETIREMENT

Do you own any property?
Do you have a saving habit?

YOUR HEALTH CONDITION

How is your health?
Will your current habits influence your future health?

YOUR BUDGET FOR RETIREMENT

How much money do you think you need for your ideal lifestyle?

are these your desired retirement goals?

Average retirement age

61.1

years old

MEDIAN OF RETIREMENT CAPITAL

HK$4.03

million

MEDIAN OF DAILY LIFE EXPENSES PER MONTH AFTER RETIREMENT

HK$13,386

DO YOU HAVE SUFFICIENT RESERVES FOR RETIREMENT?

Do you have sufficient reserves for retirement?

67% of interviewees (i.e. two out of three) are expected to have insufficient capital to meet the need of daily expenses for their ideal life in retirement^3,4.

TIPS & ADVICE

FOCUS ON THE TARGET

Think about your ideal quality of life in retirement and the actual expenses you will have so you can set a clear savings goal

PLAN AHEAD

The earlier you start, the easier it is to achieve your goal

STAY KNOWLEDGEABLE

Keep in the know about financial matters so you can protect your savings against inflation

SEEK PROFESSIONAL ADVICE

Ask for a financial planner’s help to find a solution that suits your needs

Global Power Multi-Currency Plan

Insurance with Investment Focus

Global Power Multi-Currency Plan offers a choice of up to 6 currencies, helping you achieve long-term wealth accumulation and potentially attractive returns, with the flexibility to change policy currency.

Bonus Power Vantage

Insurance with Investment Focus

Whether you’re preparing an education fund, retirement savings or legacy planning, Bonus Power Vantage could help you accumulate wealth with potentially attractive returns to fulfil your financial goals and enrich your life.

savings insurance

Forever Love Coupon Plan 5

Savings · Retirement Income

A wealth accumulation plan with guaranteed cash payments, to helps you make promises that endure.

Retirement Income

Simply Love Encore 5

Savings · Retirement Income

Helps you enjoy stable returns and prepare for a fulfilling retirement.

AIA DEFERRED ANNUITY PLAN

Retirement Income · Savings

Provides you guaranteed Monthly Annuity Payment and tax deduction of up to HK$60,000 per taxpayer each year, helping you to realise a fulfilling retirement life.

Life Protection

Admire Life 2

Life Protection · Savings · Retirement Income

Gives you a lifetime protection and stable returns to let you enjoy life with your loved ones.

Accident & Other Protections

Silvery Protect

Accident & Other Protections

A comprehensive accident protection solution tailor-made for seniors.

MPF

MPF Tax Deductible Voluntary Contribution (“TVC”)

Tax Deductible Voluntary Contributions has come into effect in April 2019. When an eligible MPF/MPF-exempted ORSO scheme member makes voluntary contributions to a TVC account, he/she can enjoy tax benefits.

Other retirement income products

Browse MPF / ORSO / Macau pension solutions

Macau Pension

AIA MACAU NON-MANDATORY CENTRAL PROVIDENT FUND (INDIVIDUAL SCHEME)

As the largest private pension provider in the Macau SAR⁵, AIA's wealth of experience and wide range of funds make us your ideal partner for managing your account, catering to your every need.

The above information is for general reference only. It shall not constitute nor should it be taken as a substitute for professional advice from a financial planner on purchasing insurance policies. Your financial planner will make recommendations based on the result of your individual needs analysis (including affordability and suitability, etc.). For detailed analysis and advice, please contact us or your financial planner.

Sources

¹ AIA’s The 7th “AIA MPF Desired Retirement Tracker” Survey (data collected August 2015).
² Census and Statistics Department, Government of the HKSAR, Hong Kong Population Projections 2012-2041.
³ AIA’s The 7th “AIA MPF Desired Retirement Tracker” Survey (data collected August 2015).
⁴ Independent actuarial calculations were applied to each respondent to project the retirement reserves he/she would have accumulated at retirement based on his/her current saving habits and retirement reserves. The calculations were then compared with the data provided by each respondent regarding his/her desired monthly living expenditure and the number of years that the reserves were expected to cover after retirement.
⁵In terms of scheme membership and AUM. As at 30 September 2018, Statistical Data of Registered Private Pension Schemes, Monetary Authority of Macau.

The above information gathered from external sources is made on a general basis and is for reference only. Please refer to the related data and information collection statement for details.

Data and Information Collection Statement

This webpage was designed and produced by AIA by searching internal and external data and information for information provision and reference purposes only. The content should not be considered to be the invitation, advice or latest information of any mentioned insurance products. When preparing and/or updating this webpage, AIA endeavours to ensure that the content is accurate, complete and updated but will not bear any responsibilities nor make any warranty or guarantee for the accuracy, completeness and timeliness of the information or for any claims and/or losses caused thereby. Any views or information mentioned and set out in this webpage are based on general situations. Readers should not regard them as advice. AIA reserves the right to change and modify the views and information set out in this webpage at any time without issuing prior notice. Before making any decisions about the theme of this webpage, you are recommended to seek independent advice from suitable professionals (such as doctors, nutritionists, financial advisers or lawyers, etc.). It is clearly stated that AIA will not bear any responsibilities for others’ usage or interpretation of the information listed in this webpage.

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