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Transferring employees and their MPF accrued benefits to an associated company

Administration guide for employers

Table of contents

General rules

An employee may be transferred between companies (employers) due to a change in business ownership, or transferred between associated companies (the 'Transfer between companies'). In these circumstances, employment with the existing employer can be recognised by the new employer as continuous service in determining severance or long-service payments under the Employment Ordinance.

The documents you need to make the transfer

You can arrange a transfer of your employees' accrued MPF benefits due to a transfer between companies. To do this, employers must complete and submit the following forms.

The following table shows what forms you'll need to submit, depending on the type of transfer. It also shows the remarks for each form, which you need to take note of.
Transfer type
 Employer's request for fund transfer form
 Intra-group transfer form for transfer of accrued benefits upon intra-group transfer / change of business ownership Member enrolment form

Remittance statement

Type 1:

member transfers within an HSBC MPF scheme
Applicable
 Applicable Applicable Applicable

Type 2:

transfer from a non-HSBC MPF scheme to an HSBC MPF scheme

 Applicable Applicable Applicable Not applicable

Type 3:
transfer from an HSBC MPF scheme to a non-HSBC MPF scheme

 Applicable Applicable Not applicable Applicable
Remarks
 The 'employer's request for fund transfer' form must be completed and signed by the new employer's authorised person.
 The 'intra-group transfer form for transfer of accrued benefits upon intra-group transfer / change of business ownership' must be completed and signed by the employee, and both the existing and new employer's authorised persons.
 The 'member enrolment' form must be completed and signed by both the employee and the new employer's authorised person.
 The remittance statement must be completed and signed by both the existing and new employer's authorised persons.

What you need to note before you make the transfer

The 'new employer' should initiate the intra-group transfer request. Please note that the 'new employer' must first enrol themselves in HSBC MPF and their employees in the scheme before the transfer can be made.

The transfer request can be submitted online via the eMPF platform. Simply follow the steps on the platform to do so. Or you can submit it as a paper form instead. Just download the form from the eMPF form centre, and submit it via the channels listed on the form.

Important notes 

  • The information contained here is for reference only and will be updated without notice. The provisions of the Mandatory Provident Fund Schemes Ordinance, other applicable legislation / regulations and guidelines or announcements published by the Mandatory Provident Fund Schemes Authority shall prevail with regards to information on the MPF system. If you are in doubt about the meaning or the effect of the contents of this website, you should seek independent professional advice.
  • Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the MPF Scheme Brochure (PDF) and the Key Scheme Information Document (PDF).

 

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