Hong Kong – Withdraw MPF benefits for permanent depature
Reasons for early withdrawal of MPF
Have you worked in Hong Kong and accrued Mandatory Provident Fund (MPF) benefits during your employment? Usually, you’re only entitled to your MPF benefits after you reach the age of 65 years. However, there are several scenarios when you can withdraw your MPF benefits early. Those include:
- Early retirement
- Permanent departure from Hong Kong
- Total incapacity
- Terminal illness
- Small balance
Permanent departure from Hong Kong
If you’re permanently leaving Hong Kong (ie, not intending to return to live or work), you can apply to withdraw your MPF benefits early (ie, before you reach the age of 65 years).
The application involves making a statutory declaration that you have departed or will depart from Hong Kong to reside elsewhere with no intention of returning for employment or to resettle in Hong Kong as a permanent resident. You must also provide documentary proof that they are permitted to reside in a place outside Hong Kong. If you have previously withdrawn your MPF because you are permanently departing Hong Kong, you will not be entitled to make any subsequent application on the same grounds with a later departure date.
How do you apply?
You can find the relevant statutory declaration/form here FORM MPF(S) – W(SD2) “Statutory Declaration for claims for payment of MPF accrued benefits on grounds of permanent departure from Hong Kong”.
If you’re signing this statutory declaration in Australia, you must sign it in front of a notary public who must witness your signature and notarise your statutory declaration. You must submit the original notarised statutory declaration to your MPF trustee.
Unlike other notarised documents for Hong Kong, FORM MPF(S) – W(SD2) usually doesn’t require an apostille, but you should always check with your MPF trustee before returning the documents to them.
The Mandatory Provident Fund Schemes Authority is aware that criminals and crime syndicates exploit payment claims (especially early withdrawals) and will prosecute people who make false or misleading statements. The Authority proactively conducts random checks and investigates suspected cases to take enforcement action.
Notarisation made simple
Notarising FORM MPF(S) – W(SD2) for Hong Kong follows these simple steps:
- You must appear before our notary public
- You must prove your identity with your Hong Kong Identity Card or your Passport (original documents required)
- You must declare that your statutory declaration is true
- You must sign the statutory declaration in front o our notary public.
Once you do this, our notary public can then confirm that they have identified you and witnessed your signature. They will notarise your document (ie, sign, stamp and seal), after which you can then submit the original notarised statutory declaration to your MPF trustee.
Do you have any questions regarding this article?
Whether you're notarising a document for the first time or the hundreth time, the requirements, processes, and terms can be confusing and daunting - or just a pain and a hassle (especially if you need an apostille, or to authenticate or legalise as well). Don't worry! We're here to simplify it, explain it, and help you with what you need to achieve it.
Contact us or visit our Frequently Asked Questions for more information about our notary public services. We've also created a flowchart to help explain notarisation, apostille, authentication and legalisation.
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This website is maintained by Phang Legal, a boutique law firm in Parramatta and a leading provider of quality notary public services to satisfied clients across Sydney.
Ern Phang is a director of Phang Legal and a notary public (since 2005). Ern regularly writes about his experiences as a notary public and the issues faced by his clients in sending documents to other countries.