The MPFA published the September issue of this year’s "Statistical Summary of Mandatory Provident Fund Schemes" quarterly. In the third quarter of this year, the total number of claims for withdrawing MPF for different reasons (including retirement, early retirement, etc.) was 63,600, which is relatively correct. The previous quarter increased by 6%. In the third quarter, the number of claims for withdrawing MPF on the grounds of permanent departure was 9,300, an increase of 14.8% year-on-year. The amount involved was 2.604 billion yuan, an increase of 52.8% year-on-year and quarter-on-quarter. 24.3%.
The above figures have also increased quarterly.
In the second quarter of this year, the amount of MPF withdrawals on the grounds of permanent absence from Hong Kong amounted to RMB 2.095 billion, and the number of related claims was 8,000.
MPFA: Claim cases are not equivalent to immigration cases
A spokesperson for the MPFA pointed out that, according to past statistics, the number of claims for withdrawal of MPF on the grounds of permanent departure from Hong Kong has changed from time to time.
Although the number of claims from the fourth quarter of 2020 to the third quarter of 2021 has increased from the number of The number of claims per year in the previous two years has dropped significantly.
The spokesman continued that since scheme members may have more than one MPF account, applicants must apply to individual trustees, so the actual number of applicants is less than the number of claims.
The spokesman reiterated that claims for withdrawing MPF on the grounds of permanent absence from Hong Kong are not equivalent to immigration cases. Applying for MPF withdrawals to the trustee on this ground also includes the applicant's return to his original place of residence (e.g. the termination of non-local employees) Work in Hong Kong) or move to the Mainland to live.
