Individual Provident Fund Scheme

Individual Provident Fund Scheme is a retirement plan set up by an Individual for his or her own self, in addition to his or her existing retirement plan set up by the Employer, if any.

Monthly contributions are made by the Individual, whose money is used to subscribe the pension funds selected by himself/herself. As the monthly contributions are invested into units of the pension funds, the balance of the retirement account will change along with the change in the unit price of such pension funds. Monthly contribution can be suspended at anytime as decided by the Individual.

The Individual can also transfer the balance of his/her Government-managed sub-account to the Individual Provident Fund Scheme, and subscribe in the selected pension funds.

At the age of 65 or when the Individual fulfills the criteria in Article 19 in Law No. 7/2017, withdrawal from the retirement account can be made.*1

Who can set up?


• Individuals, who are Macao residents and reached the age of 18, can set up the Scheme for him/herself.

• If the Individual has not reached the age of 18, he/she has to be enrolled in the social security system in accordance with Article 10(1)(a) of Law No. 4/2010.

Who can join?


• The Individual him/herself.

How to set up?


• Rules of the Individual Provident Fund Scheme should follow Law No. 7/2017.

• Contact us for the application documents, and we will help to submit the documents to Social Security Fund.

What are the costs?


• The Individual shall decide on the amount of monthly contribution, which minimum is MOP500. Contribution amount has to be in multiples of one hundred, for example, MOP600, MOP700, etc.

• Management fee charged by us will be collected from the Pension Fund directly. The value of each unit price shall already reflect such charge. Currently, the management fee is 1% p.a.

What are the benefits?


• Help to prepare for retirement needs.

• Investment in pension funds can help capital appreciation.

• Allow flexibility in utilizing money in Government-managed sub-account to invest in Pension Funds selected by the Individual.

• Amounts received from the scheme are exempted of taxation.

What are the pension funds that can be selected?


• We have five pension funds for selection. Please refer to “Pension Funds to select” for details.

*1 Subject to a transfer fee of 2%, if money is transferred out from funds invested within the first three years