MPF Early Withdrawal Claims for Emigration Fall 19%
HK01 · 3 SOURCESabout 2 hours ago2 MIN
Summary
The Mandatory Provident Fund Schemes Authority published its June 2026 statistical digest, showing that second-quarter early-withdrawal claims made on the ground of permanent departure from Hong Kong totaled 5,200 cases. That was up 4% from the previous quarter but down 18.75% from a year earlier, while the amount withdrawn rose 1.26% quarter on quarter to HK$1.203 billion and fell 23.62% year on year. The same quarterly data showed total MPF assets at about HK$1.67 trillion by the end of June, a record high for a quarter and 174% above the level a decade earlier. The figures also pointed to continued uptake of default investment strategy funds and tax-deductible voluntary contributions.
Key Points
- In the second quarter of 2026, claims to withdraw MPF early for permanent departure reached 5,200, up 4% quarter on quarter.
- Compared with the same quarter a year earlier, those permanent-departure withdrawal claims fell 18.75%, according to the MPFA digest.
- The total amount withdrawn under that ground was HK$1.203 billion, rising 1.26% from the previous quarter but dropping 23.62% year on year.
- By the end of June, 3.73 million MPF accounts held default investment strategy funds, with assets of HK$188.6 billion, or over 11% of total MPF assets.
- Tax-deductible voluntary contribution accounts reached 104,000, up 18% year on year, with cumulative contributions of HK$16.2 billion since April 2019.
Why It Matters
For MPF members, the data suggests that withdrawals linked to permanent departure have eased from a year earlier even as the overall retirement pool has grown to a record level. The parallel rise in default investment strategy participation and tax-deductible voluntary contribution accounts indicates that more members are keeping retirement savings invested through standardized or tax-incentivized channels.