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You can check your account balances through any of the following channels:
For SuperTrust, SuperTrust Plus and ValueChoice
There is no limit to the number of fund switches that can be carried out per year, and there are no handling charges. However, we would remind you that the objective of MPF is to save for retirement and so your investment objectives should be longer term, dependent upon your personal circumstances.
You can perform a portfolio rebalance* once per calendar year. Please refer to the Principal Brochure for details.
* Change the investment allocation of your existing investments, new contributions and transfer-in MPF Benefits and AVC Benefits.
You should inform us of your new address and any changes of contact number, etc by completing a Personal Details Change Form. Download IN91 form.
You can choose one of the options below. Your options include:
As you are accumulating your funds for retirement purpose, it is important that you consider the long term financial strength and security of the MPF service providers when making your decision.
You can check the latest contribution record of your account through any of the following ways:
Yes, you may use the Flexi-Contributions Application Form (INPC) to make ad hoc lump sum contributions after you have set up your regular Flexi-Contributions.
Simply complete a Change of Regular Flexi-Contributions Instruction Form (INPA) and send it to us.
You may request to withdraw your Flexi-Contributions up to 12 times in a scheme financial period (from 1 July to 30 June each year), subject to a minimum of HKD5,000 per withdrawal.
You need to complete a Flexi-Contributions Partial Withdrawal Request Form (INPD). There is no handling charge. Please follow the instructions and requirements stated on the form.
Yes. To make regular additional Voluntary Contributions through deductions from your salary, you should complete a Change of Additional Voluntary Contribution Arrangement Form (IN55) and ask your employer to make the arrangements for you.
Both are voluntary contributions in addition to your mandatory contributions. The major differences are as follows:
Learn more about Flexi-Contributions.
Yes, you can retain your Flexi-Contributions in your MPF personal account after your cessation of employment. There is no extra charge. When you select your transfer option on the Scheme Member's Request for Fund Transfer Form (INPM), simply choose to treat your voluntary contributions in the same way as your mandatory contributions.
You should put '31 December' as the day and month. Likewise, if your HKID card only contains the year and month but not the day, you should put the last day of the month.
The Fund Information provides you with the unit prices
Current unit prices are also available through these channels:
The cumulative performance of the Fund Information provides you with the past performance histories of the funds.
The unit prices are calculated based on the net asset value of each fund, ie the value of investments less fees and charges, divided by the number of units issued. (With the exception of the MPF Conservative Fund, where fees and charges are deducted directly from a member's account.)
The MPF legislation requires each MPF scheme to offer a CPF. Our CPF is a low risk fund, investing in high grade Hong Kong dollars denominated monetary instruments such as treasury bills, bills of exchange, commercial paper and certificates of deposits. The investment objective is to achieve a return higher than the average bank savings rate, however returns are not guaranteed.
According to the MPF legislation, fees can be deducted from the CPF only when the investment return is higher than the prescribed savings rate which is regularly published by the MPFA. The unit prices of the CPF have, therefore, not taken into account the deduction of fees. The fees for CPF are deducted in the form of units from a member's account only after the investment return and prescribed savings rate for each month are ascertained.
Our Guaranteed Fund is a low risk fund providing you with a guaranteed interest rate, provided certain conditions are met. If any of the Guarantee Conditions are met on withdrawal or transfer of benefits, members will be entitled to the guaranteed interest rate or actual investment returns, whichever is higher.
Please refer to the 'Guarantee Feature' section under 'Guaranteed Fund' in Part II - Fund Structure of the relevant 'Principal Brochure' and any supplement to the Principal Brochure for details of the Guarantee Conditions.
The rate for the scheme financial year from 1 July 2012 to 30 June 2013 is 0.125% per annum.
The rate for the scheme financial year from 1 July 2013 to 30 June 2014 is 0.125% per annum.
The rate will be reviewed annually and determined at the beginning of each scheme financial year, ie 1 July each year.
No. By law, you must invest your MPF monies in the funds offered by the MPF scheme you participate in.
According to sections 31IA and 31YAA of the Employment Ordinance, section 12A of the Mandatory Provident Fund Schemes Ordinance and the governing rules of the Scheme, your employer has the right to offset Long Service Payment or Severance Payment from accrued benefits derived from employer's contributions made to the Scheme.
Yes. The member's vested accrued benefits derived from the employer's contributions will be used for the offsetting according to the following sequence:
1. Employer voluntary contributions (if applicable)
2. Employer's ORSO transfers (if applicable)
3. Employer special contributions (if applicable)
4. Employer mandatory contributions
You do not need to apply for an MPF phone PIN. It is issued to you automatically after your enrolment, ie after you have submitted your application form.
Call the HSBC MPF Member Hotline on (852) 3128 0128, select preferred language and then press #. Our customer service representatives will ensure that a new PIN is issued and posted to you.
According to the MPF legislation, you can only withdraw your mandatory contributions when any one of the following circumstances occurs:
Simply complete a Claim Form for Payment of Accrued Benefits and return it together with the necessary supporting documents to us. Download INPW form
You can choose to withdraw your MPF accrued benefits when you attain the retirement age of 65 or retain them in the existing scheme until you wish to withdraw them. However, any voluntary contributions made under a contractual arrangement with your current employer can only be withdrawn with your employer's consent as you are still under employment.
A statutory declaration in Hong Kong can be made at public enquiry centres of the Home Affairs Department. If the declaration is not made in Hong Kong, then it should be made before a notary public or registered solicitor and duly signed on a statutory declaration form for MPF purposes.
By law, the MPF benefits of a deceased member will be payable to his/her personal representative as indicated in a Letter of Probate or Letter of Administration granted by the Probate Registry. Members do not need to designate any beneficiary during enrolment.
The personal representative should complete a claim form (INPW) and submit it with the following documents to us:
A certified true copy is a duplicated copy which is certified by an authorised party that it has been photocopied from an original document. Claimants can bring along a completed claim form together with all original supporting documents to any of our designated HSBC branches. Our branch staff will assist them in making photocopies and submit the documents to us. Alternatively, the photocopy can be signed by a solicitor or any other person authorised by the laws to make such certification.
You can apply to the Probate Registry for the desired form. For details of the application procedures, you may visit the Judiciary website for information about Guide to Court Services (Probate).
Mandatory contributions made by employees are tax deductible, but voluntary contributions and Flexi-Contributions are not tax deductible. For the details of tax issues, please refer to the latest announcements by the Inland Revenue Department of the Government of the Hong Kong Special Administrative Region.
You can obtain the information by submitting a signed written request to the following address:
Retirement Benefits Administration HSBC Life (International) Limited PO Box 73770 Kowloon Central Post Office
Please note that you should state your full name, relevant employer ID, membership number(s) or HKID/passport number in your request. If you wish to obtain the information of more than one MPF account, please provide the employer ID and membership number of those accounts. Please be reminded that your signature must be the same as your previously submitted specimen.
Upon receipt of complete information as stated above, we will provide a transfer-in/out summary and details of transaction(s) of the six most recent quarters which ends on the last calendar day of March, June, September or December.
There is no handling charge and limitation on the number of request you can make.
This section summarises all transfer-in and transfer-out transaction(s) successfully processed in your MPF account within the six most recent quarters.
All transaction(s) processed successfully within the six most recent quarters will be recorded in the 'Details of Transactions'. It is presented in ascending order of the fund name in English and in chronological order of the transaction date.
Opening balance is the number of units of the fund held in your MPF account as at the start date of the six quarters period as stated in the statement. Closing balance is the number of units of the fund held in your MPF account as at the end date of the six quarters period as stated in the statement.
Example: If the period stated in the statement is from 1 January 2012 to 30 June 2013, then the opening balance is the number of units held as at 1 January 2012 and the closing balance is the number of units held as at 30 June 2013.
The closing balance may become zero when you have transferred or withdrawn all units from a fund, or terminated your account on or before the end date of the six quarters period.
Only transaction(s) processed successfully would be shown in the 'Details of Transactions' section but 'investment returns' is not a transaction. However, you may refer to the 'investment returns' stated in your 'MPF Annual Member Benefit Statement' of the corresponding scheme financial period.
Simply complete a Scheme Member's Request for Fund Transfer Form and return it to us. Download INPM form.
If you would also like to apply for a personal account under HSBC, you should complete a Personal Account Holder Application Form (IN71 for SuperTrust, IN81 for SuperTrust Plus, IN77 for SimpleChoice or IN88 for ValueChoice) and return it along with your INPM form.
You can review the latest statement from your existing MPF service provider or contact your existing trustee.
You can attach copies of the latest annual benefit statement issued by your existing MPF service provider(s) and your identification document when submitting your transfer request to us, which may facilitate the verification process to be done by the transferor trustee. Please be reminded to tick the box under the Section 'Authorisation and Declaration' of INPM form.
Complete a Partial Withdrawal Request Form. Please note the instructions and requirements stated on the form. Download IN54 form.
You may request to withdraw your voluntary contributions up to 12 times in a scheme financial period (from 1 July to 30 June each year), subject to a minimum of HKD5,000 per withdrawal. Where applicable you may need to obtain your employer's approval.
Yes. You can retain your voluntary contributions in a personal account of an MPF scheme. When you complete a transfer form to inform us of your choice of treatment for your MPF benefits, you can notify us to handle your voluntary contributions in the same way as the mandatory contributions.