- MPFA
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MPF System
- Background
- Types of MPF Schemes
- MPF Coverage
- Enrolment and Termination
- Mandatory Contributions
- Voluntary Contributions / Tax Deductible Voluntary Contributions
- MPF Tax Matters
- MPF Account Management
- Withdrawal of MPF
- Arrangements for Offsetting Long Service Payment and Severance Payment
- Anniversaries of MPF System
- MPF Investment
- ORSO
- Supervision
- Enforcement
- eMPF Platform
MPF System
MPF Account Management
- Your Position
- Homepage
- MPF System
- MPF Account Management
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There are three types of MPF accounts under the MPF System, namely contribution account, personal account and the tax deductible voluntary contribution (TVC) account.
Contribution account
- Primarily receives and accumulates MPF contributions made under a scheme member’s current employment
- New contributions for each contribution period will be made into this account
Personal account
- Primarily receives and accumulates MPF contributions made under a scheme member’s former employment and/or former self-employment
- Also receives and accumulates the MPF transferred from a scheme member’s contribution account under current employment through the Employee Choice Arrangement (ECA)
- New contributions for each contribution period under a scheme member’s current employment will not be made into this account
TVC account
- Receives and accumulates TVC made by a scheme member
- Receives and accumulates the MPF transferred from a scheme member’s other TVC accounts
Scheme members can transfer their MPF between different MPF accounts as allowed by the MPF legislation.
