Understanding MPF

HSBC MPF Flexi-contributions are a straightforward, totally private way for employees to make additional contributions to build up their MPF funds. We offer total control and flexibility to make additional contributions. Benefits include:

• Total control: You can make contributions at your own pace. The service is totally private and independent of your employer
• Flexible and convenient payments: You can make monthly regular contributions from as little as HKD300 by direct debit, or simply pay HKD1,000 or more at the time of your choice
• Simple and easy application: All contributions under your MPF account will be invested in the same choice of funds for hassle-free investing
• Flexible management: You can change your Flexi-contributions anytime or even withdraw your accumulated amount free of charge. This is subject to a minimum of HKD5,000 per withdrawal up to 12 times in a scheme financial period (from 1 July to 30 June each year).

To make regular Flexi-contributions, download and complete the Flexi-contributions Application Form (INPC). To amend your instructions, complete the Change of Regular Flexi-contributions Instruction Form (INPA). If you have any questions, call our service hotline +852 3128 0128.

Remarks

Flexi-contributions are accepted at the discretion of the Trustee. The Trustee reserves the right not to accept any Flexi-contributions.

Tax deductible voluntary contributions can help you to meet the long-term saving objective for retirement protection and enjoy tax concession in accordance with the Inland Revenue Ordinance. Click here to learn more about Tax Deductible Voluntary Contributions.

Remarks:

Tax deductible voluntary contributions is accepted at the discretion of the Trustee. The Trustee reserves the right not to accept additional voluntary contributions.

As your circumstances change over time, you may decide to change the way your investments are allocated in your MPF account. There are 4 ways to do this: portfolio rebalance**, asset switch, contribution redirection and exiting the Default Investment Strategy (DIS).

Your investment allocation will apply to all types of contributions, including mandatory, voluntary, and Flexi-contributions together with amounts transferred from another scheme. Change of investment allocation is applied at account level. For example, if you hold 2 accounts with HSBC MPF and would like to rebalance your portfolio for both accounts, you'll need to give instructions for the 2 accounts separately.

If such changes apply to members' existing investments, different dealing cut-off times may apply to valid instructions received through different service channels: (1) investment option form - within 5 business days after the date of receipt of the valid instruction will be used as the date of fund price for fund dealing if such valid instruction is received on a business day; (2) designated service channels, eg HSBC MPF website or Interactive Voice Response System (IVRS) - date of receipt of the valid instruction will be used as the date of fund price for fund dealing if such valid instruction is received by 4pm on a business day. Members should check the disclosures on different service channels before giving instructions.

Fees and charges of an MPF Conservative Fund can be deducted from either (i) the assets of the fund or (ii) members' account by way of unit deduction. The MPF Conservative Fund of HSBC MPF scheme uses method (i) and, therefore, its unit prices, net asset value (NAV) and fund performance quoted has reflected the impact of fees and charges.

** Change the investment allocation of your existing investments, future contributions and accrued benefits transferred from another registered scheme