MPF System

MPF Tax Matters

Upon withdrawal of MPF by scheme members, the sum derived from mandatory contributions is not taxable. Generally, when employees withdraw their MPF derived from voluntary contributions, only the voluntary contributions made by their employers may be taxable (depending on the circumstances and timing of the withdrawal).

For more information about MPF tax matters, please refer to the Departmental Interpretation and Practice Notes No. 23 issued by the Inland Revenue Department and the website of the Inland Revenue Department.