What you need to know
You can withdraw your MPF accrued benefits all at once or in instalments when you're 65. All you need to do is file a claim on the grounds of retirement.
Alternatively, you can withdraw your accrued benefits derived from mandatory contribution earlier under the following circumstances.
Early MPF withdrawal conditions
| Circumstance | Details |
|---|---|
| Early retirement between ages 60 and 64 | You can withdraw your accrued benefits in one go or in instalments on the grounds of early retirement if you've ceased employment and self-employment permanently. |
| A small balance below HKD5,000 | You may be able to make an early withdrawal if your accrued benefits do not exceed HKD5,000. You'll need to make a statutory declaration that:
|
| Permanent departure from Hong Kong | You'll be entitled to your accrued benefits on the grounds of permanent departure from Hong Kong only one in a lifetime, except as permitted by the Mandatory Provident Fund Schemes (General) Regulation. You must provide proof that you have left or are about to leave Hong Kong permanently with no intention to return or resettle as a permanent resident. |
| Terminal illness | You may be eligible to withdraw your accrued benefits early if you have a terminal illness that is likely to reduce your life expectancy to 12 months or less. |
| Total incapacity | You may be eligible to withdraw your accrued benefits early if you can't work due to sickness or injury. Total incapacity refers to when you're permanently unable to do the kind of work that you were performing before becoming totally incapacitated. |
| Death | In the event of your death, only your legal personal representative can claim your accrued benefits. This must be indicated in a Letter of Probate or Letter of Administration granted by the Probate Registry. Your personal representative should complete the relevant forms to make the withdrawal. |
| Circumstance | Early retirement between ages 60 and 64 |
|---|---|
| Details | You can withdraw your accrued benefits in one go or in instalments on the grounds of early retirement if you've ceased employment and self-employment permanently. |
| Circumstance | A small balance below HKD5,000 |
| Details |
You may be able to make an early withdrawal if your accrued benefits do not exceed HKD5,000. You'll need to make a statutory declaration that:
|
| Circumstance | Permanent departure from Hong Kong |
| Details | You'll be entitled to your accrued benefits on the grounds of permanent departure from Hong Kong only one in a lifetime, except as permitted by the Mandatory Provident Fund Schemes (General) Regulation. You must provide proof that you have left or are about to leave Hong Kong permanently with no intention to return or resettle as a permanent resident. |
| Circumstance | Terminal illness |
| Details | You may be eligible to withdraw your accrued benefits early if you have a terminal illness that is likely to reduce your life expectancy to 12 months or less. |
| Circumstance | Total incapacity |
| Details | You may be eligible to withdraw your accrued benefits early if you can't work due to sickness or injury. Total incapacity refers to when you're permanently unable to do the kind of work that you were performing before becoming totally incapacitated. |
| Circumstance | Death |
| Details | In the event of your death, only your legal personal representative can claim your accrued benefits. This must be indicated in a Letter of Probate or Letter of Administration granted by the Probate Registry. Your personal representative should complete the relevant forms to make the withdrawal. |
Your MPF withdrawal options
| Option | Details |
|---|---|
| Regular withdrawal | You can withdraw your MPF accrued benefits as a fixed amount monthly, quarterly or annually. You can do this through a one-time application on the eMPF Platform. |
| Partial withdrawal | You can withdraw your MPF accrued benefits partially. You can do this by submitting multiple applications from time to time. |
| Lump-sum withdrawal | You can terminate all your MPF accounts and withdraw all your MPF accrued benefits. |
| Continuous investment | You can also choose to keep your investments under the HSBC MPF scheme. You won't need to do anything, and you can keep on capturing investment opportunities. |
| Option | Regular withdrawal |
|---|---|
| Details | You can withdraw your MPF accrued benefits as a fixed amount monthly, quarterly or annually. You can do this through a one-time application on the eMPF Platform. |
| Option | Partial withdrawal |
| Details |
You can withdraw your MPF accrued benefits partially. You can do this by submitting multiple applications from time to time. |
| Option | Lump-sum withdrawal |
| Details | You can terminate all your MPF accounts and withdraw all your MPF accrued benefits. |
| Option | Continuous investment |
| Details | You can also choose to keep your investments under the HSBC MPF scheme. You won't need to do anything, and you can keep on capturing investment opportunities. |
Withdrawal from specific contribution accounts
You can make partial withdrawals from your additional voluntary contributions. You can withdraw at least HKD5,000 each time. These may be subject to your employer's consent. You can do this up to 12 times in a financial year (1 July to 30 June) before you retire.
You should not regard additional voluntary contributions including Flexi-contributions as a source of funds for short-term financial needs. This is because they're designed to help you plan for your retirement. We encourage you to consider your long-term financial needs for retirement before making such withdrawals.
Note: Scheme administration services are provided by the eMPF Platform. These include the processing of MPF scheme enrolments, contributions, and member investment instructions. They also include the transfer and withdrawal of MPF benefits, and updates to personal details.
Got questions that are not related to scheme administration services?
Meet with us
Speak with our MPF specialists who will be able to address your enquiries directly.
Write to us
You can contact us through our online form.
Or you can email us at pensioncs@hsbc.com.hk.
Call us
Lines are open 24/7, every day. But if you need to speak to a customer service representative, you can reach one between these hours (except public holidays):
- Mondays to Fridays, 8:30am and 7:30pm
- Saturdays, 8:30am and 1pm
Our HSBC MPF member hotline number is +852 3128 0128.
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