Withdrawal of MPF after 60-years old
Withdrawal of MPF. Scheme members must be at least 60 years old and have ceased all employments and self-employments. They are required to make a statutory declaration that they have no intention of becoming employed or self-employed again. Scheme members may withdraw their MPF in a lump sum or by instalments.
When can I withdraw my HK MPF?
60 years of age
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).
When can I withdraw MPF HK?
of 65
According to the MPFSO, scheme members can withdraw their MPF only when they reach the age of 65. Early withdrawal of MPF is allowed under certain specific circumstances, including early retirement, permanent departure from Hong Kong, total incapacity, terminal illness, small balance or death.
How do I withdraw from Hong Kong MPF?
Required documents for early withdrawal of MPF
- Early retirement. Identity document (e.g. HKID card) …
- Permanent departure from Hong Kong. Identity document (e.g. HKID card) …
- Total incapacity. Identity document (e.g. HKID card) …
- Terminal illness. Identity document (e.g. HKID card) …
- Small balance. …
- Death.
How do I check my MPF?
How do I check my MPF account balances?
- Logon to HSBC Internet Banking (Personal Customers)
- Logon to HSBC HK Mobile Banking app.
- Call the HSBC MPF Member Hotline on +852 3128 0128 (Please refer to the section ‘HSBC MPF Member Hotline’ in Member Service Guide for the user’s guide)
How much is MPF HK?
MPF Hong Kong contribution
| Monthly income | Employer MPF contribution | Employee MPF contribution |
|---|---|---|
| Under 7,100 HKD | 5% of relevant income | Not required |
| 7,100 – 30,000 HKD | 5% of relevant income | 5% of relevant income |
| 30,000 HKD or more | 1,500 HKD | 1,500 HKD |
What is the new SSS contribution for 2021?
13 percent
A one-percent contribution increase is imposed on SSS members every two years beginning , based on RA 11199. Meaning, the SSS members’ contribution rate will increase to 13 percent beginning January 2021 from a contribution rate of 12 percent in 2020.
How much is SSS voluntary 2022?
New SSS Contribution Table & Payment Schedule for 2022
| RANGE OF COMPENSATION | Monthly Salary Credit | AMOUNT OF CONTRIBUTIONS |
|---|---|---|
| Regular Social Security / Employees Compensation | TOTAL | |
| 4,750 – 5,249.99 | 5,000 | 435 |
| 5,250 – 5,749.99 | 5,500 | 477.50 |
| 5,750 – 6,249.99 | 6,000 | 520 |