MPF Full Portability: Phase 1 Eligibility, Timeline and How It Differs from the ECA

Factual guide: definition, eligibility, timeline, and half vs full (MPFA & news.gov.hk)

Phase 1 is targeted to take effect on 21 December 2026 (pending LegCo’s completion of scrutiny of the relevant legal notice). It covers employees who joined or changed jobs on or after 1 May 2025; they may transfer, via eMPF, once per calendar year the accrued benefits from employer mandatory contributions in current employment. The employee-mandatory portion remains available under the Employee Choice Arrangement (ECA). Rely on the latest MPFA and government publications.

Phase 1 target 2026-12-21 · pending LegCo Eligibility from 2025-05-01 Data as of 2026-09-30

1. Timeline
2. Eligibility
3. Half vs full
4. How to apply
5. Scheme data

TIMELINE · 2026

MPF Full Portability timeline (2026)

Dates below cite news.gov.hk and MPFA primary sources. Dates marked “pending LegCo” are confirmed only after LegCo completes scrutiny of the relevant legal notice.

1. 2025-05-01

   Abolition of MPF offsetting took effect; one of the foundations for Full Portability (context in the MPFA Chairman’s blog).

2. 2026-10-16

   Gazette notice designated 21 December for the Mandatory Provident Fund Schemes (General) (Amendment) Regulation 2025, implementing Phase 1 Full Portability; the notice was tabled for LegCo negative vetting. Source: news.gov.hk.

3. 2026-12-21 (pending LegCo)

   Target effective date for Phase 1 Full Portability. Eligible employees may begin transferring benefits arising from employer mandatory contributions in current employment.

4. 2026-12-21 to 12-31

   Eligible members may process a calendar-year 2026 transfer (MPFA Chairman’s blog, 25 Oct 2026). From 1 Jan 2027, calendar-year 2027 transfers may be processed.

5. Mid-2027 (target)

   The Government intends to introduce a Phase 2 amendment bill to LegCo (covering remaining employees); the effective date is not yet set. Source: news.gov.hk, 16 Oct 2026.

Sources: news.gov.hk (zh) · news.gov.hk (en) · MPFA intro · MPFA 2026-10-25

ELIGIBILITY

Phase 1 eligibility checklist

Summarised from the MPFA introduction. Confirm your own case against eMPF/trustee account records and official FAQs.

• You are an employee in current employment (contribution account in the employer’s MPF scheme).
• You joined the workforce on or after 1 May 2025, or changed jobs in a way that qualifies under Phase 1.
• You intend to transfer accrued benefits from employer mandatory contributions in current employment (which may be moved together with or separately from the employee-mandatory portion).
• You understand that the calendar-year transfer right generally cannot be carried forward; see the 2026 window in the timeline above.

COMPARE

ECA (half) vs Full Portability

Sources: MPFA Full Portability introduction and transfer FAQs. ECA page

APPLY

How to apply via eMPF (factual steps)

Summarised from MPFA transfer procedures and FAQs. Follow the live eMPF interface; this site does not submit applications.

1. Confirm eligibility and transferable amount

   Check your contribution account on eMPF; confirm Phase 1 coverage and which employer/employee mandatory portions you intend to move.

2. Open a personal account in the receiving scheme if needed

   Benefits move into a personal account in a scheme of your choice. This site does not indicate which scheme to choose.

3. Submit the transfer on eMPF

   Per the MPFA, no employer action is required. Employer and/or employee mandatory portions may be transferred together or separately.

4. Confirm fund choice after transfer

   Without a choice, benefits generally go into the DIS. There is generally a one-to-two-week investment outage during the transfer.

MPFA: procedure & frequency · Transfer arrangements FAQ · Our eMPF overview · Fund switch (not scheme transfer)

NEUTRAL PUBLIC DATA, NOT A RECOMMENDATION

Scheme-level public data (by asset class)

Equal-weight medians of MPFA-published 5-year annualised returns for funds inside each scheme, within the same asset roll-up (as of 2026-09-30). Compare like-with-like; do not treat overall scheme medians as a ranking. Historical figures only — not a forecast.

Neutral public data, not a recommendation · As of 2026-09-30

^† Hang Seng MPF SuperTrust Plus and HSBC MPF SuperTrust Plus: same product series; figures are identical.

Method: equal-weight; only funds with a published figure enter each median; survivorship bias (funds alive as of the as-of date). See methodology. Methodology · Homepage rankings & asset classes

Related pages

Transfer guide ECA (half portability) eMPF Offsetting abolition Methodology Home

MPFA Full Portability · eMPF