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Still possible to take out MPF before 65?

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  1. #1

    Still possible to take out MPF before 65?

    I'm a British expat with a permanent residency having worked in HK for over 10 years.

    I might want to clear out my MPF one day in the forseeable, is it still possible to announce I'm leaving but then come back and still get a job?

    I remember it was a one-time thing only.


  2. #2

    Join Date
    Nov 2007
    Location
    Wanchai
    Posts
    5,063
    Quote Originally Posted by periphery831:
    I'm a British expat with a permanent residency having worked in HK for over 10 years.

    I might want to clear out my MPF one day in the forseeable, is it still possible to announce I'm leaving but then come back and still get a job?

    I remember it was a one-time thing only.
    Yes you can, you just wont be able to withdraw it a second time if you do come back and work here again.
    periphery831 likes this.

  3. #3

    Join Date
    Feb 2005
    Location
    Manchester, UK
    Posts
    7,790

    Sure you can but dont come back to HK too fast to work or u might asked to drink tea at the ICAC offices and you will not get your mpf back the 2nd time until u retire (65).

    periphery831 and shri like this.

  4. #4

    Join Date
    Feb 2019
    Posts
    3,240

    Even though you can only do it once, it is still probably a good trade if you have 10y worth of contributions to take it out and move it to a low cost tracker fund

    periphery831 likes this.

  5. #5

    Just need to wait for the markets to bounce and make my MPF some money first. XD


  6. #6

    Join Date
    Sep 2015
    Posts
    463

    Wait until HSI hits 30000 then cash out


  7. #7

    Join Date
    Jan 2019
    Posts
    1,237
    Quote Originally Posted by Hkemail888:
    Wait until HSI hits 30000 then cash out
    s/he will probably retire before that
    shri and periphery831 like this.

  8. #8

    Join Date
    Sep 2015
    Posts
    463
    Quote Originally Posted by aquaman:
    s/he will probably retire before that
    then better just invest in that HK whisky / whiskoin business
    aquaman likes this.