In this day and age, it is quite common to change your job every now and then. Typically, when you begin your new job, your new employer will give you a new application form to set up a new MPF account with the employer’s choice of fund provider. All you have to do is to fill in the information that is required, pick a scheme that fits you, sign the form and return it to your new employee. But do not forget to come up with a good arrangement for the MPFs from your old job.
There are three ways to handle the accrued benefits from your previous job:
- Transfer to new employer’s scheme: Transfer your accrued benefits to your contribution account under the MPF scheme of your new employer. All you need to do is to fill in a “Scheme Member’s Request for Fund Transfer Form” provided by the trustee of the MPF scheme of the new employer.
- Leave with old scheme: Leave your accrued benefits under the scheme of your old job. You can fill in the “Scheme Member’s Request for Fund Transfer Form” and return it to your original trustee.
- Transfer to personal account: Transfer your accrued benefits to a personal account you already have with a trustee of your choice, or open a new personal account with any MPF registered trustee.
Managing Job Changes via eMPF Platform
The eMPF platform has significantly simplified the process of handling MPF when changing jobs:
- One-stop digital service: Submit transfer requests and track status online through the eMPF platform
- Faster processing: Electronic submission reduces processing time compared to paper forms
- Real-time tracking: Monitor the status of your transfer requests in real-time
- Account consolidation: Easily view and manage all your MPF accounts in one place
eMPF Service Points
For in-person assistance with MPF transfers, visit one of the 3 eMPF Service Centres (Wan Chai, Tsim Sha Tsui East, Tsuen Wan) or a rotating registration booth — check the eMPF website for current locations.
Key Considerations When Changing Jobs
- Review your investment choices: Consider whether your current MPF fund selections are still appropriate for your retirement goals and risk tolerance
- Consider DIS: If you have multiple accounts, transferring to DIS (Default Investment Strategy) can provide a simple, low-cost option with approximately 6.4% annualized return since 2017
- Watch for fees: Some schemes may have higher fees than others. Compare before consolidating
- Processing time: Fund transfers typically take 2-4 weeks to complete
- No transfer limit: Under the Employee Choice Arrangement (ECA), you can transfer your accrued benefits from the contributing account to a scheme of your choice once per year
2026 Update: Strong MPF Performance
Regardless of how you handle your MPF during job changes, staying invested is key. MPF delivered 16.5% return in 2025 and continues to grow, with the average account balance exceeding HK$350,000 in May 2026.
For more information about the eMPF platform and MPF transfers, visit the MPFA website.