MPF Transfer Offers 2026: How Promotions Work and What to Check

What trustee promotions typically are

MPF trustees periodically run promotions to attract members to transfer assets into their schemes or to open tax-deductible voluntary contribution (TVC) accounts. Common forms include transfer rebates paid as fund units, tiered rewards based on the amount transferred, welcome rewards for new TVC accounts, and fee concessions for a set period. This page is a general explainer only: it does not list, compare or rate any specific offer.

Fine-print checklist

When reading any promotion terms, check each item:
• Form of reward: cash, fund units or a fee waiver?
• Minimum amount: is there a minimum transfer or contribution? How are tiers calculated?
• Promotion period: is it based on the application date, receipt date or the date assets arrive?
• Holding period and claw-back: how long must assets stay? Is the reward reclaimed if you transfer out early?
• Eligible accounts: personal, TVC or contribution accounts only?
• Payment timing: when is the reward credited, and into which fund?
• Recurring fees: read a one-off reward alongside annual fund expense ratio differences.
• Transfer timing: assets are briefly out of the market during a transfer; note the implications.

Official information

For official information on transfer rights, procedures and fund fees, see the Mandatory Provident Fund Schemes Authority (MPFA) website, and the full terms and conditions on the relevant trustee's own website.

Our position

We receive no referral fees, commissions or sponsorship from any trustee or intermediary, and we do not offer transfer forms.

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