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Annex D to V.11 FORM MMB - W(SD2) MANDATORY PROVIDENT FUND SCHEMES ORDINANCE (CAP. 485) STATUTORY DECLARATION FOR CLAIMS FOR WITHDRAWAL OF MINIMUM MPF BENEFITS ON GROUND OF PERMANENT DEPARTURE FROM.

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In short, it is possible to withdraw the accrued benefits in a lump sum or by instalments. However, this usually happens once a person reaches the age of 65. Only in some cases, MPF withdrawal is possible before reaching the required retirement age: Early retirement (60 years of age).

What is a mandatory provident fund? The mandatory provident fund, or MPF, in Hong Kong is a structured savings scheme designed to provide retirement savings for employed and self-employed Hong Kong citizens. In most cases, participation is mandatory for employers and employees.

When can I withdraw my accrued benefits? At 65, you're able to withdraw your accrued benefits in one go or in instalments by filling in a claim form on the grounds of retirement. If you decide to leave your accrued benefits in your MPF account, they'll continue to be invested in your chosen funds.

You need to use the following documents to notify the Mandatory Provident Fund Schemes Authority (MPFA): Identity proof. Mandatory declaration Form MPF(S) – W(SD2) Request for MPF withdrawal on the grounds of leaving Hong Kong permanently using the Form MPF(S) – W(O)

For those who have departed Hong Kong or will depart from Hong Kong, and have no intention of resettling in Hong Kong as a permanent resident or returning for employment, you'll need an identification document such as a Hong Kong ID card, a claim form for MPF payments on the grounds of permanent departure from Hong ...

Employees who are employed for less than 60 days, excluding casual employees as defined under the MPFSO^, are also exempt from joining an MPF scheme.

Employers are required to contribute 5% of their employees' income to the MPF, even if the employee is earning less than HK$7,100 per month. The maximum employers' contribution is HK$1,500 for employees earning more than HK$30,000 per month. Employees can also voluntarily contribute more than the required 5%.

You may decide to retire early, depart Hong Kong permanently, or even face terminal illness and death, amongst others. In any case, you'll need to send a claim form to the trustee(s) of the relevant MPF scheme(s) and attach supporting documents (see below).

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232