A reader wrote in to highlight some inaccuracies in the table above, the following are the corrections:
Value in US$ (billion) –the figures cited for all 4 countries are incorrect (all underreported)
Personal contribution – the contribution limit for HK’s MPF is HK$25,000
Interest rates – the figures cited for HK and Australia have a different basis. The 4% returns cited for HK’s MPF are net annualised returns, while the 5 to 8% returns cited for Australia’s MySuper are gross returns.
Payout age – the payout age for Australia’s MySuper is age 60 and not age 65 as cited.
Payout mechanism – For Malaysia’s EPF, members can withdraw their Account 2 balances from age 50, as well as Account 1 balances from age 55. Australia’s My Super allows full withdrawal as well as via income stream.