An MPF personal account is an individual account held in a member's own name that he/she manages, to preserve his/her accrued benefits. His/her preserved accrued benefits may be from accounts set up by previous employers or an MPF account if he/she was self-employed.

He/she can also set up a personal account to transfer the accrued benefits from his/her contribution account in his/her current employer’s scheme under the Employee Choice Arrangement.

If you hold more than one personal account, you can consider consolidating your personal accounts to manage them easily. 

Members can withdraw their accrued benefits in a lump sum or in instalments on the grounds of retirement at the age of 65 or early retirement at the age of 60.

There are also certain circumstances under which accrued benefits may be paid before reaching the age of 65:
   • the Member’s death (in which case the accrued benefits are paid to the Member’s legal personal representatives);
   • the total incapacity of the Member;
   • the terminal illness of the Member;
   • the early retirement of the Member on or after reaching age 60;
   • the Member’s permanent departure from Hong Kong; or
   • the Member’s claim on small balance under section 162(1)(c) of the Mandatory Provident Fund Schemes (General) Regulation

(in the event that an account balance is HK$5,000 or less, and provided that as at the date of the claim application, at least 12 months have elapsed since the contribution day in respect of the latest contribution period for which a mandatory contribution is required to be made to any registered scheme, and the member does not have any accrued benefits kept in any other registered scheme, and does not intend to become employed or self-employed.)

Members are required to submit a completed claim form together with the necessary supporting documents. Accrued benefits are paid at the age of 65 or under the circumstances listed above.