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  • 1 Post By facaron
  • 1 Post By chuckster007
  • 2 Post By bdw

Closing MPF from oversea

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  1. #1

    Join Date
    Feb 2015
    Location
    Lamma
    Posts
    35

    Closing MPF from oversea

    I have a MPF account with HSBC and I have recently moved out of HK. Is it possible to close it and have the funds transferred to the same bank account from oversea?


  2. #2

    Join Date
    Feb 2015
    Location
    Lamma
    Posts
    35
    Original Post Deleted
    Cool. How'd you do it? How long did it take?

  3. #3

    Join Date
    Apr 2009
    Posts
    1

    My wife did it and it took her 22 days but my wife is from Hong Kong and I am a french expat with permanent residency ID card after living in HK 11 years.
    I wonder if I would loose my permanent residency right if I close my MPF because I read on this webpage: Early Withdrawal of Benefits

    (2) Permanent departure from Hong Kong. You must declare 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, and provide proof satisfying the trustee that you are permitted to reside in a place outside Hong Kong.

    it reads like I am loosing my permanent ID....

    itsdawn likes this.

  4. #4

    Will you kindly teach me how to withraw from singapore , how to make declaration in singapore


  5. #5

    Join Date
    Feb 2005
    Location
    Manchester, UK
    Posts
    7,545
    Quote Originally Posted by facaron:
    I am a french expat with permanent residency ID card after living in HK 11 years.

    it reads like I am loosing my permanent ID....
    MPF and your Permanent ID has nothing in common. just remember to come back to HK every 3 years or you will loose Right Of Abode and be dropped to Right To Land.
    Umijazhila likes this.

  6. #6

    Join Date
    Feb 2012
    Posts
    114

    Hi!
    I know it's an old thread, but I've left HK, and now considering to withdraw MPF. Any tips?


  7. #7

  8. #8

    Join Date
    Feb 2009
    Posts
    7,932

    It's harder to withdrawal your MPF from overseas for two reasons.

    Firstly, you need to make a statutory declaration that you have left/will leave HK. This stat dec needs to be done in front or someone, witnessed. In HK is easy, if outside HK then maybe still possible, but needs to be notarized and probably also an apostille from your foreign government. This can be quite expensive.

    Secondly, which MPF provider do you use and do you still have a HK bank account? Some MPF providers will deposit the funds electronically to your HK bank account. But some will only write you a cheque. If cheque, you need to ask a friend in HK to deposit the cheque to your account for you, or maybe you can ask your MPF provider if they mind to take it to the bank for you and deposit it to your XYZ account. Some MPF providers might do this if they are nice, otherwise will just tell you to piss off and do it yourself.

    chuckster007 and rainylin like this.