How to withdraw your MPF benefits
Whether you're ready to retire or your personal circumstances change, withdrawal of accrued MPF benefits is fast and easy.
Find information on withdrawing your accrued MPF benefits. If you haven't reached retirement age yet, you may be able to withdraw your accrued benefits early or partially withdraw your additional voluntary contributions, depending on certain conditions.
Use our online banking platform to check your MPF account balances and other information instantly
Online banking allows you to check your MPF account balances and contribution history, and change your investment allocation.
If you are an existing Personal Internet Banking user, you can log on and access your MPF account.
When can I withdraw my accrued MPF benefits?
When you reach the age of 65, you can withdraw your accrued benefits in one go or by choosing to withdraw your accrued benefits in instalments on the grounds of retirement. If you decide to leave your benefits in your MPF account, they'll continue to be invested in your chosen funds. All you need do is fill out and submit the relevant forms.
According to MPF legislation, you can only withdraw your accrued benefits derived from mandatory contributions when any one of the following circumstances occurs.
Retirement or early retirement between 60 and 64
If you have permanently ceased employment or self-employment, you can withdraw your accrued MPF benefits in one go or in instalments on the grounds of retirement at the age of 65, or early retirement at the age of 60.
Early MPF withdrawal may be possible if:
You've accrued benefits that do not exceed HKD5,000. You're required to make these statutory declarations:
- The time between your claim date and last mandatory contribution to any registered scheme date exceeds 12 months
- You don't have accrued benefits in any other registered scheme. You don't expect to become employed or self-employed in the future
Permanent departure from Hong Kong
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. You're entitled to be paid accrued benefits on the ground of permanent departure from Hong Kong only once in a lifetime, except as permitted by the Mandatory Provident Fund Schemes (General) Regulation.
If you have a terminal illness that is likely to reduce your life expectancy to 12 months or less, you may be eligible for early withdrawal of your MPF benefits.
If sickness or injury is preventing you from working, you may be eligible for early withdrawal. Total incapacity is when you're permanently unfit to perform the kind of work that you were performing before becoming totally incapacitated.
Death (to be paid to your legal personal representative)
The accrued benefits of the deceased member can only be claimed by the scheme member's legal personal representative, as indicated in a Letter of Probate or Letter of Administration granted by the Probate Registry. The personal representative should complete the relevant forms for withdrawal.
Making partial withdrawals
You can make partial withdrawals from the following accrued benefits of a minimum of HKD5,000 per withdrawal before your retirement. You can do this free of charge, up to 12 times in a scheme's financial period from 1 July to 30 June the following year.
- Member's voluntary contributions
- Member's ORSO transfers
- MPF no-preserved transfers
Additional voluntary contributions and Flexi-Contributions are designed to help you plan for retirement and should not generally be regarded as a source of funds for meeting short-term financial needs. We would therefore encourage you to consider your long-term financial needs for retirement before withdrawing your funds from your additional voluntary contributions and Flexi-Contributions.
Submit the relevant form and designate a percentage for each sub-account from which you wish to make a withdrawal. There's no handling fee for making a partial withdrawal.
Tools and resources
Members should submit completed claim forms together with any necessary supporting documents to prove that you are eligible to withdraw accrued benefits under the relevant circumstances.1
You'll need to fill in the appropriate claim forms and any required supporting forms or documents to make a withdrawal.
Please download and complete the form
Claim Form for Payment of Accrued Benefits on Ground of Attaining the Retirement Age of 65 or Early Retirement
Claim Form for Payment of Accrued Benefits on Ground of Permanent Departure from Hong Kong/Total Incapacity/Terminal Illness/Small Balance/ Death
Early retirement between 60 and 64
Permanent departure from Hong Kong
Instructions for treatment of accrued benefits after retirement age
No additional supporting documentation
1 Please use the Chinese version of the declaration form if you would read the jurat in Chinese.
2 In some cases, the statutory declarations must be provided for early withdrawal. The statutory declaration must be made before and signed by a Commissioner for Oath at either the Public Enquiry Service Centre of the Home Affairs Department, a Notary Public or a Justice of the Peace. A statutory declaration made in a place other than Hong Kong is also acceptable provided that it is made before and signed by a Notary Public or a person authorised under the law of that place to administer an oath or take a statutory declaration.
3 Please note that additional forms will be required for mentally incapacitated scheme members. Click here to access forms.
- 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 for any information on 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.
- Investments involve 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 relevant 'Principal Brochure'.
The Hongkong and Shanghai Banking Corporation Limited is the sponsor and administrator of HSBC MPF schemes.