Leaving a Job without Managing your MPF
If you do not manage your MPF benefits after leaving a job, and you do not have a personal account under the same MPF scheme in which the benefits are accrued, your trustee will automatically open a personal account for you, as required by law.
From 1 April 2017 onwards, the following arrangements apply to MPF benefits in these personal accounts (under normal circumstances):
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Accrued MPF benefits
The MPF benefits accrued from your previous employment and transferred to your personal account (whether the transfer is made before or after 1 April 2017) remain invested in the fund(s) that they are currently invested in. These MPF benefits are not affected by the launch of the DIS.
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Future MPF benefits
You may not have given investment instructions for future MPF benefits of your personal account. If you put MPF benefits into that account in the future* (e.g. benefits transferred from other MPF schemes as a result of account consolidation or the Employee Choice Arrangement), these benefits will be invested according to the DIS.
If you do not want to invest your MPF benefits according to the DIS, you should give your trustee an investment instruction when you put any MPF benefits into that personal account. Please contact your trustee to find out about the relevant procedures.
The MPF benefits accrued from your previous employment and transferred to your personal account (whether the transfer is made before or after 1 April 2017) remain invested in the fund(s) that they are currently invested in. These MPF benefits are not affected by the launch of the DIS.
You may not have given investment instructions for future MPF benefits of your personal account. If you put MPF benefits into that account in the future* (e.g. benefits transferred from other MPF schemes as a result of account consolidation or the Employee Choice Arrangement), these benefits will be invested according to the DIS.
If you do not want to invest your MPF benefits according to the DIS, you should give your trustee an investment instruction when you put any MPF benefits into that personal account. Please contact your trustee to find out about the relevant procedures.