{"id":3540,"date":"2023-12-27T08:00:07","date_gmt":"2023-12-27T00:00:07","guid":{"rendered":"https:\/\/www.pacificprime.hk\/blog\/?p=3540"},"modified":"2023-12-27T14:45:16","modified_gmt":"2023-12-27T06:45:16","slug":"how-to-withdraw-your-mpf-in-hong-kong","status":"publish","type":"post","link":"https:\/\/www.pacificprime.hk\/blog\/how-to-withdraw-your-mpf-in-hong-kong\/","title":{"rendered":"How to Withdraw Your MPF in Hong Kong"},"content":{"rendered":"

If you live and work in Hong Kong, chances are you\u2019re covered by the city-state\u2019s mandatory provident fund (MPF)<\/a>, a privately managed and structured savings scheme in which employers and employees are required to make contributions to the employee\u2019s MPF account.<\/p>\n

The MPF helps working citizens, residents, and eligible expats in the special administrative region (SAR) save for their retirement through a suite of individual, employer-sponsored, as well as industry schemes.<\/p>\n

Whether you need to withdraw early or are simply planning to withdraw upon retirement, this Pacific Prime Hong Kong<\/a> article tells you what you need to do.<\/p>\n

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\"Individual<\/a><\/p><\/div>\n\n

Early Withdrawal of MPF<\/h2>\n

There are many reasons why you may need to withdraw your MPF early. You may decide to retire early or depart Hong Kong permanently. Some may face terminal illness and death. All of the above reasons will influence your decision to withdraw your MPF early.<\/p>\n

In any case, you\u2019ll need to send a claim form to the trustee(s) of the relevant MPF scheme(s) and attach supporting documents mentioned below. However, the exact administrative procedure and documents for making a claim will differ depending on your trustee.<\/p>\n

You\u2019ll also need to submit an original statutory declaration form to the trustee. If you need to make claims to multiple trustees, make sure that you prepare a declaration form for each of them.<\/p>\n

Note:<\/strong> Ensure that each declaration form is signed and sealed (if applicable) by a person authorized to administer a statutory declaration. Once they\u2019ve received all the documents, trustees are required to pay out the MPF within 30 days.<\/p>\n

Here are the supporting documents depending on your category for early withdrawal:<\/p>\n

Early Retirement<\/h3>\n

If you choose to retire early, after the age of 60 but before the age of 65, and have no intention of returning to employment or being self-employed, you\u2019ll need:<\/p>\n