Hong Kong – Withdraw MPF benefits for early retirement
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
Early retirement (before you reach the age of 65 years)
If you’re at least 60 years old and are no longer employed (or self-employed), you can apply to withdraw your MPF benefits before the retirement age of 65 years. You must make a statutory declaration in support of your application. You must declare that you have no intention of becoming employed or self-employed again and you can receive your benefits as a lump sum or by instalments.
How do you apply?
You must complete the application form and the statutory declaration.
- You can find the relevant application form here FORM MPF(S) – W(R) “Claim Form for Payment of MPF Accrued Benefits (Benefits) on Grounds of Attaining the Retirement Age of 65 or Early Retirement”.
- You can find the relevant statutory declaration/form here FORM MPF(S) – W(SD1) “Statutory Declaration for Claims for Payment of MPF Accrued Benefits on Grounds of Early Retirement”.
If you’re signing this statutory declaration in Australia, you must sign it in front of a notary public. The notary public 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(SD1) 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(SD1) 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 they have 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.
Apostille is not required
Generally, documents signed in Australia but sent and used in Hong Kong must be stamped with an apostille. We help many clients with this process, especially when they’re signing other legal documents for Hong Kong. However, the MPF trustee doesn’t require this statutory declaration to be stamped with an apostille. Until we receive further direction, declaring and signing it in front of a notary public is sufficient.
Do you have any questions?
Sending documents from Australia to other countries can be complicated. We make it simple.
If your documents must be stamped with an apostille or authenticated and then legalised, we can help with that too. We've also created a flowchart to explain the process.
So, what's next?
Why choose Phang Legal for your notary public services?
We're a leading provider of notary public services in Sydney. We're known for our experience and expertise in notarising documents for other countries, our low-cost fixed fees and service offering, and our availability to help on short notice.
Our office is conveniently located in Parramatta, the geographic centre of the Sydney metropolitan area. We help clients from across Sydney and beyond with personal, professional and timely notary public services.
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.