What you need to know
You can withdraw your MPF accrued benefits all at once or in instalments when you're 65. All you need to do is file a claim on the grounds of retirement.
Alternatively, you can withdraw your accrued benefits derived from mandatory contribution earlier under the following circumstances.
Early MPF withdrawal conditions
| Circumstance | Details |
|---|---|
| Early retirement between ages 60 and 64 | You can withdraw your accrued benefits in one go or in instalments on the grounds of early retirement if you've ceased employment and self-employment permanently. |
| A small balance below HKD5,000 | You may be able to make an early withdrawal if your accrued benefits do not exceed HKD5,000. You'll need to make a statutory declaration that:
|
| Permanent departure from Hong Kong | You'll be entitled to your accrued benefits on the grounds of permanent departure from Hong Kong only one in a lifetime, except as permitted by the Mandatory Provident Fund Schemes (General) Regulation. You must provide proof that you have left or are about to leave Hong Kong permanently with no intention to return or resettle as a permanent resident. |
| Terminal illness | You may be eligible to withdraw your accrued benefits early if you have a terminal illness that is likely to reduce your life expectancy to 12 months or less. |
| Total incapacity | You may be eligible to withdraw your accrued benefits early if you can't work due to sickness or injury. Total incapacity refers to when you're permanently unable to do the kind of work that you were performing before becoming totally incapacitated. |
| Death | In the event of your death, only your legal personal representative can claim your accrued benefits. This must be indicated in a Letter of Probate or Letter of Administration granted by the Probate Registry. Your personal representative should complete the relevant forms to make the withdrawal. |
| Circumstance | Early retirement between ages 60 and 64 |
|---|---|
| Details | You can withdraw your accrued benefits in one go or in instalments on the grounds of early retirement if you've ceased employment and self-employment permanently. |
| Circumstance | A small balance below HKD5,000 |
| Details |
You may be able to make an early withdrawal if your accrued benefits do not exceed HKD5,000. You'll need to make a statutory declaration that:
|
| Circumstance | Permanent departure from Hong Kong |
| Details | You'll be entitled to your accrued benefits on the grounds of permanent departure from Hong Kong only one in a lifetime, except as permitted by the Mandatory Provident Fund Schemes (General) Regulation. You must provide proof that you have left or are about to leave Hong Kong permanently with no intention to return or resettle as a permanent resident. |
| Circumstance | Terminal illness |
| Details | You may be eligible to withdraw your accrued benefits early if you have a terminal illness that is likely to reduce your life expectancy to 12 months or less. |
| Circumstance | Total incapacity |
| Details | You may be eligible to withdraw your accrued benefits early if you can't work due to sickness or injury. Total incapacity refers to when you're permanently unable to do the kind of work that you were performing before becoming totally incapacitated. |
| Circumstance | Death |
| Details | In the event of your death, only your legal personal representative can claim your accrued benefits. This must be indicated in a Letter of Probate or Letter of Administration granted by the Probate Registry. Your personal representative should complete the relevant forms to make the withdrawal. |
Your MPF withdrawal options
| Option | Details |
|---|---|
| Monthly regular withdrawal | You can withdraw your MPF accrued benefits regularly on a monthly basis as a fixed amount via a one-time application. This way, you can make reasonable projections and manage your retirement planning by making use of your retirement funding and your remaining MPF accrued benefits to capture investment opportunities so you can keep up with inflation. |
| Partial withdrawal | You can withdraw your MPF accrued benefits partially through multiple applications from time to time. This way, you can spend freely but continue to capture your remaining MPF accrued benefits to capture investment opportunities. |
| Lump-sum withdrawal | You can terminate all your MPF accounts and withdraw all your MPF accrued benefits. This will let you explore other potential investment opportunities or realise your retirement goals. |
| Continuous investment | You won't need to do anything if you opt to keep your investments under the HSBC MPF scheme so you can continue to capture investment opportunities. You can decide whether to withdraw your MPF accrued benefits as a lump sum, partial withdrawals or regular monthly withdrawals at a later date. |
| Option | Monthly regular withdrawal |
|---|---|
| Details | You can withdraw your MPF accrued benefits regularly on a monthly basis as a fixed amount via a one-time application. This way, you can make reasonable projections and manage your retirement planning by making use of your retirement funding and your remaining MPF accrued benefits to capture investment opportunities so you can keep up with inflation. |
| Option | Partial withdrawal |
| Details |
You can withdraw your MPF accrued benefits partially through multiple applications from time to time. This way, you can spend freely but continue to capture your remaining MPF accrued benefits to capture investment opportunities. |
| Option | Lump-sum withdrawal |
| Details | You can terminate all your MPF accounts and withdraw all your MPF accrued benefits. This will let you explore other potential investment opportunities or realise your retirement goals. |
| Option | Continuous investment |
| Details | You won't need to do anything if you opt to keep your investments under the HSBC MPF scheme so you can continue to capture investment opportunities. You can decide whether to withdraw your MPF accrued benefits as a lump sum, partial withdrawals or regular monthly withdrawals at a later date. |
Tools and resources
Claim forms and declaration forms
You'll need to complete and submit the appropriate claim forms and required declaration forms to make a withdrawal.[@mpf-juratversion]
Withdrawal from specific contribution accounts
You can make partial withdrawals of at least HKD5,000 per withdrawal, up to 12 times in a financial year (1 July to 30 June) before your retirement, from any of these sub-accounts for free:
- member's voluntary contributions
- member's ORSO transfers
- non-preserved MPF transfers
- Flexi-contributions
You should not regard additional voluntary contributions including Flexi-contributions as a source of funds for short-term financial needs. This is because they're designed to help you plan for your retirement. We encourage you to consider your long-term financial needs for retirement before making such withdrawals.
To make a withdrawal from your sub-accounts, you'll need to complete and submit the relevant form with a designated withdrawal percentage. You won't be charged any handling fees.
You can find the forms you'll need in our document download centre.
Need help?
Meet with us
Speak with our MPF specialists who will be able to address your enquiries directly.
Call us
Find assistance through our 24/7 HSBC MPF member hotline. Or if you would like to speak to a customer service representative instead, we're available between 8:30am and 7:30pm, Mondays to Fridays; between 8:30am and 1:00pm on Saturdays, except on public holidays.
24/7 HSBC MPF member hotline: +852 3128 0128
Frequently asked questions
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