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MPF Transfer Guide: Account Types and Transfer Rules

MPF members can move benefits from a former employer's account when changing jobs, consolidate personal accounts at any time, and use the Employee Choice Arrangement once a year for the current employee-mandatory portion; eligible members should also see Full Portability Phase 1 (target 21 Dec 2026, pending LegCo). Assets are usually out of the market during a transfer.

Last updated: 2026-10-21

Types of MPF accounts

A member may have a contribution account (current employer), a personal account (benefits from former employment or transferred under the ECA), a TVC account and a special voluntary contribution account. Transfer rules differ by account.

Common transfer situations

0. Full Portability (Phase 1): eligible employees who joined or changed jobs on or after 1 May 2025 may, from a target date of 21 Dec 2026 (pending LegCo), also move the employer-mandatory portion — see MPF Full Portability.
1. Changing jobs: benefits in a former employer's contribution account can move to the new employer's scheme or a personal account in any scheme.
2. Consolidating personal accounts: personal-account benefits can generally be transferred to another scheme's personal account at any time.
3. Employee Choice Arrangement (ECA): once per calendar year, the employee-mandatory portion from current employment can be moved to a scheme of the employee's choice.

Facts to know when transferring

• During a transfer, assets are usually redeemed into cash and reinvested in the new scheme, so they are out of the market for a period.
• Fund choices, fees and services differ between schemes.
• Since the eMPF Platform launched, transfer requests are generally processed through eMPF.
• Some schemes run transfer promotions with differing terms (see transfer offers explained).

This page is general educational information, not investment, tax or legal advice, and does not consider anyone's circumstances. Rules may change; rely on the latest official MPFA, Labour Department, IRD and trustee information and consult a licensed or registered professional where appropriate. Full disclaimer

MPF Full Portability · Employee Choice Arrangement · Transfer offers explained · Scheme data · MPFA

FAQ

Is there a fee to transfer MPF?

MPF schemes generally do not charge for transfers, but terms vary; check the trustee documents.

How long does a transfer take?

Timing varies; see the service pledges published by eMPF and trustees. Assets may be out of the market meanwhile.

Will this site tell me which scheme to move to?

No. We only provide facts and historical data. For personal advice, consult a registered MPF intermediary.