Since the MPF System was introduced to help you, as an income earner, save for your old age, the benefits accrued from the mandatory contributions have to be preserved until you reach the retirement age of 65, as stipulated in the MPFSO. 

 

In general, you can withdraw your accrued benefits upon reaching the retirement age of 65. Early withdrawal will only be allowed under specific circumstances.

 

However, there are circumstances under which accrued benefits may be paid before reaching the age of 65. They are: 

– early retirement at the age 60; or 

– permanent departure from Hong Kong; or 

– total incapacity; or 

– death (note that the MPF will be regarded as part of the member’s estate and can be claimed by the personal representative of estate); or 

– small balance account of less than $5,000, no contributions made to a scheme for 12 months, and declared not to become employed or self-employed within the foreseeable future.