- MPFA
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MPF System
- Background
- Types of MPF Schemes
- MPF Coverage
- Enrolment and Termination
- Mandatory Contributions
- Voluntary Contributions / Tax Deductible Voluntary Contributions
- MPF Tax Matters
- MPF Account Management
- Withdrawal of MPF
- Arrangements for Offsetting Long Service Payment and Severance Payment
- Anniversaries of MPF System
- MPF Investment
- ORSO
- Supervision
- Enforcement
- eMPF Platform

MPF System
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When scheme members transfer their MPF, they need to choose an MPF trustee and an MPF scheme.
Before choosing a trustee and a scheme, scheme members must consider the following factors:
- products (schemes and funds)
- services
- fund charges and performance
- personal factors
Steps for making transfer
- Submit a completed transfer election form* to the new trustee. (Note: do not send the documents to MPFA.)
- The new trustee will contact the original trustee.
- The original trustee will sell the fund units in the original scheme and hand over the MPF to the new trustee.
- The new trustee will subscribe fund units based on the scheme member’s fund choices.
- After the completion of the transfer, the scheme member will receive:
- a Transfer Statement from the original trustee; and
- a Transfer Confirmation from the new trustee.
Transfer Scenario
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Transfer Election Form
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From the contribution account of an employee upon cessation of employment*
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From the contribution account of a self-employed person
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From the personal account of a scheme member
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From multiple personal accounts to a single account#
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From the contribution account of an employee during employment – Employee Choice Arrangement
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From the TVC account of a scheme member
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# If an employee wishes to retain his/her MPF in the original scheme upon cessation of employment, he/she should still complete Form MPF(S)-P(M) and return it to the original trustee.
The original trustee will open a personal account for the employee under the scheme and transfer his/her MPF to that account. Once completed, the trustee will issue a written notice to the employee.
# If a scheme member uses Form MPF(S)-P(C) to consolidate his/her personal accounts, he/she must transfer all voluntary contributions (if any) in the personal accounts to his/her chosen scheme. If the scheme member wishes to withdraw voluntary contributions when consolidating accounts, he/she should use Form MPF(S)-P(M) instead.
