As China tightens its control over Hong Kong, a wave of residents are permanently relocating to the UK and leaving their retirement money trapped behind in the Asian financial hub.
Normally, anyone leaving Hong Kong on a long-term basis is entitled access to savings they have accrued in Hong Kong’s compulsory pension system, the Mandatory Provident Fund. But Hong Kongers who emigrate using a British National (Overseas) passport can’t use that to withdraw their money before the retirement age of 65, the Mandatory Provident Fund Schemes Authority said.
