General rules
An employee may be transferred between companies (employers) due to a change in business ownership, or transferred between associated companies (the 'Transfer between companies'). In these circumstances, employment with the existing employer can be recognised by the new employer as continuous service in determining severance or long-service payments under the Employment Ordinance.
The documents you need to make the transfer
You can arrange a transfer of your employees' accrued MPF benefits due to a transfer between companies. To do this, employers must complete and submit the following forms.
| Transfer type |
Employer's request for fund transfer form |
Intra-group transfer form for transfer of accrued benefits upon intra-group transfer / change of business ownership | Member enrolment form |
Remittance statement |
|---|---|---|---|---|
Type 1: member transfers within an HSBC MPF scheme |
Applicable
|
Applicable | Applicable | Applicable |
Type 2: transfer from a non-HSBC MPF scheme to an HSBC MPF scheme |
Applicable | Applicable | Applicable | Not applicable |
Type 3: |
Applicable | Applicable | Not applicable | Applicable |
| Remarks |
The 'employer's request for fund transfer' form must be completed and signed by the new employer's authorised person. |
The 'intra-group transfer form for transfer of accrued benefits upon intra-group transfer / change of business ownership' must be completed and signed by the employee, and both the existing and new employer's authorised persons. |
The 'member enrolment' form must be completed and signed by both the employee and the new employer's authorised person. |
The remittance statement must be completed and signed by both the existing and new employer's authorised persons. |
What you need to note before you make the transfer
The 'new employer' should initiate the intra-group transfer request. Please note that the 'new employer' must first enrol themselves in HSBC MPF and their employees in the scheme before the transfer can be made.
The transfer request can be submitted online via the eMPF platform. Simply follow the steps on the platform to do so. Or you can submit it as a paper form instead. Just download the form from the eMPF form centre, and submit it via the channels listed on the form.
Important notes
- The information contained here is for reference only and will be updated without notice. The provisions of the Mandatory Provident Fund Schemes Ordinance, other applicable legislation / regulations and guidelines or announcements published by the Mandatory Provident Fund Schemes Authority shall prevail with regards to information on the MPF system. If you are in doubt about the meaning or the effect of the contents of this website, you should seek independent professional advice.
- Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the MPF Scheme Brochure (PDF) and the Key Scheme Information Document (PDF).