MPFA Studies Early MPF Access for Critical Illness

When could you withdraw MPF early?

After Employee Choice, the MPFA plans deeper reform: letting members facing serious illness or sudden hardship withdraw before 65, plus phased withdrawals after 65 — public consultation this year. Current law allows early access only in narrow cases like permanent emigration or early retirement at 60.

Relief or trap?

Money for treatment is humane; draining retirement savings is real. Any relaxation needs strict conditions and caps. Members should also keep their mix age-appropriate so emergencies don’t reveal an empty pot.