Like Tree2Likes

MPF Withdrawal Application Timeframe

Reply
Page 1 of 2 1 2 LastLast
  1. #1

    MPF Withdrawal Application Timeframe

    Does anyone know roughly how long it takes for the early mpf withdraw process to be processed given you are permanately departing from Hong Kong? (For those who already withdrew your mpf early due to various reasons). I am going to submit my form next week but was wondering how long it would take.


  2. #2

    Join Date
    Aug 2017
    Location
    Beautiful Britain
    Posts
    1,897

    I think mine took about 4 weeks to reach my bank account. (HSBC)


  3. #3

    Join Date
    Sep 2017
    Posts
    1,241

    Mine was with AIA and although, they had said that it'd take around three months to complete the procedure, I received the funds in less than a month.

    chuckster007 likes this.

  4. #4

    Join Date
    Aug 2017
    Location
    Beautiful Britain
    Posts
    1,897
    Quote Originally Posted by Pauljoecoe:
    I think mine took about 4 weeks to reach my bank account. (HSBC)
    Actually might have been nearer 6. Certainly my final mpf contribution was on June 16th 2020 and I received my mpf cheque on July 28th 2020
    chuckster007 likes this.

  5. #5

    Join Date
    Feb 2005
    Location
    North Korea
    Posts
    7,259
    Quote Originally Posted by hannah01:
    Mine was with AIA and although, they had said that it'd take around three months to complete the procedure, I received the funds in less than a month.
    Thats good to know, my mpf is with AIA as well, hopefully they will remain this fast when I go through the withdrawal procedure next year

  6. #6

    Join Date
    May 2009
    Posts
    1,140

    Just keep in mind that if you have a last pay check, you will have to wait till the last payment hits your MPF account before starting the withdrawal.


  7. #7

    Can you withdraw MPF after leaving HK without taking an oath prior to leaving? It would be very tough to fly back just to take an oath now. Kinda need MPF to settle income tax. Covid really messes up things. If anyone knows, please help advise. Thank you!


  8. #8

    I asked my MPF provider about taking the oath abroad and they said this:

    Yes, the statutory declaration made in a place other than Hong Kong is also acceptable provided that it is made before and signed by a Notary Public or a person authorized under the law of that place to administer an oath or take a statutory declaration.


  9. #9

    Join Date
    Mar 2008
    Posts
    86

    Out of curiosity is the amount you receive comparable with your last statement or do the providers gouge you as you are closing the account?


  10. #10

    Join Date
    Aug 2017
    Location
    Beautiful Britain
    Posts
    1,897
    Quote Originally Posted by smiley1:
    Out of curiosity is the amount you receive comparable with your last statement or do the providers gouge you as you are closing the account?
    Mine and my wifes were pretty much the value of the account prior to the close. I don't think there are any withdrawal charges. Of course if there was a big change in the performance of the underlying fund(s) in the last few days that might affect it. I put mine into a safe fund for the final month or so.

Reply
Page 1 of 2 1 2 LastLast