MPF System
MPF Account Management
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When an employee changes jobs, the MPF in his/her contribution account under the original scheme can be handled in one of the following ways:
- transfer the MPF from the contribution account under the original scheme to the contribution account under the scheme of the new employer; or
- transfer the MPF from the contribution account under the original scheme to a personal account under any other schemes^ (including the scheme of the previous employer).
^ Employer-sponsored schemes do not offer personal accounts.
Notice of termination
When an employee terminates his/her employment, the employer must notify the trustee* of the date of cessation of employment.
With regard to the MPF held in the employee’s contribution account, if the trustee* has not received any instruction from the employee within 3 months after receiving the notice of termination of employment from the employer, the employee’s MPF will be automatically transferred to a personal account under the original scheme and continue to be invested.
Statutory declaration
If the employer fails to comply with the above requirement, the employee can submit a Statutory Declaration of Cessation of Employment to the trustee* as evidence of the date of cessation of employment.
Note: A statutory declaration must be an original document.
Scheme members can make a statutory declaration before a Commissioner for Oaths at the Home Affairs Department (HAD), a Notary Public or a Justice of the Peace in Hong Kong, and have them signed on the declaration.
Remember to bring your HKID card and the completed declaration form. For details, please contact the Telephone Enquiry Centre of HAD at 2835 2500.
Employee Choice Arrangement (ECA) allows employees to transfer the MPF derived from the employees’ mandatory contributions in their contribution accounts to an MPF scheme of their own choice once a year1.
Advantage
ECA gives employees greater autonomy in choosing their MPF trustees and schemes.
Transfer procedure
Submit a completed ECA Transfer Election Form (MPF(S)-P(P)) to the new trustee* for processing.
Important notes
- The MPF derived from the employees’ mandatory contributions has to be transferred in one lump-sum.
- Employees cannot transfer the MPF derived from the employer’s mandatory contributions under current employment. Such MPF must be retained in the original scheme until cessation of employment.
- Employers must continue to make contributions (both the employer’s and the employee’s portions) to the employer’s original scheme, instead of the employee’s newly chosen scheme, even after the employee has exercised the right of transfer under ECA.
* MPF trustees and their schemes will get onboard the eMPF Platform in sequence one by one. When the scheme has got onboard to the Platform, eMPF Company will utilize the eMPF Platform to perform the administration of the scheme, provide scheme administration services to employer, scheme member and self-employed person and handle the service instructions. From then on, employer, scheme member and self-employed person can manage your MPF on the eMPF Platform and should no longer submit service instructions to MPF trustee; the eMPF Platform will provide the relevant information and/or documents to you directly. Please visit eMPF Website (www.empf.org.hk) for the onboarding timeline of MPF scheme(s) and the relevant information.
Consolidating personal accounts
Enquiries about personal accounts
