Three Fined for False MPF Statements — How Much?

How were they sentenced in May 2011?

On 3 May 2011, three people were convicted at Kwun Tong Magistrates’ Courts for false or misleading statements in documents to MPF trustees, each fined HK$6,000. Between March and May 2010 they had applied for early withdrawal on permanent-departure grounds; the MPFA found they’d falsely declared never having done so. Four employers were fined HK$168,000 the same day for Ordinance breaches.

What’s the rule on permanent-departure withdrawal?

Once per lifetime; a second fraudulent claim is a criminal offence. The MPFA checks records — don’t chance it.

What’s the lesson?

Early withdrawal is limited to specific grounds — no shortcuts. Rather than plotting withdrawals, grow the pot at MPF fund comparison.