When MPF trustees receive withdrawal requests from scheme members on ground of permanent departure from Hong Kong, they will notify MPFA in order to verify if the scheme member has previously been paid MPF on the same ground. MPFA will also proactively conduct sample checks on the withdrawal cases. During the five-year period from 2013-14 to 2018-19, over 400 scheme members were convicted of making false declarations to withdraw MPF on ground of permanent departure from Hong Kong.
MPFA calls on scheme members through TV programmes to take note of the above and refrain from unlawful conduct.
MPFA will prosecute scheme members who are suspected of violating the MPFSO by providing false information for early withdrawal of MPF.
On the first conviction, offenders are liable to a maximum fine of $100,000 and imprisonment for one year. On each subsequent conviction, offenders are liable to a maximum fine of $200,000 and imprisonment for two years.