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    How to transfer your MPF

    How to transfer your MPF?

    If you are an employee, you may opt to transfer your MPF derived from employee mandatory contributions in your contribution account under current employment (Original Scheme) to any other MPF schemes of your choice (New Scheme) once a year[1]. If your transfer involves transferring out of a guarantee fund, please check with the trustee of your Original Scheme about the terms and conditions of the fund as failure to fulfil some qualifying conditions may cause the loss of guaranteed returns. Your contribution account under current employment may consist of different parts of MPF derived from different sources and subject to different transfer rules, as follows:

    Parts of MPF in a contribution account
    (i.e. Types of contributions that the MPF are derived from)    		 Transfer rule Type of account receiving the MPF
    Contributions from current employment
    Employer mandatory contributions Not transferable –
    Employee mandatory contributions Transferable once every calendar year[1] Personal account
    Employer voluntary contributions Subject to the governing rules of the Original Scheme
    Employee voluntary contributions
    Contributions from former employment
    Mandatory contributions transferred to the contribution account under current employment Transferable at any time Personal account or other contribution accounts[2]
    Voluntary contributions transferred to the contribution account under current employment Subject to the governing rules of the Original Scheme

    If you are a self-employed person, personal account holder or TVC account holder, you can transfer your MPF held in your contribution account, personal account or TVC account to any other MPF schemes of your choice at any time.

    Forms for transfer of MPF or account consolidation can be downloaded via the links:

    Employee Choice Arrangement
    Consolidation of Personal Accounts (download from MPFA’s website)
    Back to Key Scheme Information Document

    Footnote

    Other point(s) to note

    1. Issued by Hang Seng Bank Limited and HSBC Provident Fund Trustee (Hong Kong) Limited

    Remark(s)

    1. Unless the governing rules of the Original Scheme provide for more frequent transfer-out.
    2. Only applies to employees with two or more contribution accounts. If an employee is employed by more than one employer at the same time, he/she may have more than one contribution account.