Managing Your MPF | MPF For Self-Employed

Managing my MPF

How do I manage my MPF?

With a wide range of information and services at your fingertips, MPF management has never been easier.

Explore MPF for the self-employed

When your situation changes

If your income comes from the production or trade in goods or services, and you're not an employee, then you're most probably self-employed. In general, sole proprietors and partners in a business are regarded as self-employed.

Once you're self-employed, you'll have to enrol yourself in an MPF scheme and make mandatory contributions.

Find out more about our MPF solutions for the self-employed This link will open in a new window

You must notify the administrator before 1 June each year of your relevant income for the next financial year of the scheme (ie 1 July to 30 June). We'll send you a letter together with a Self-employed Person Relevant Income Declaration Form in April each year requesting to be notified of your relevant income. If we don't hear from you, it'll be regarded as acknowledgement that your relevant income has not changed from the last financial year.

With MPF, you need to assess a service provider's financial strength, commitment, experience, flexibility and customer service. Join HSBC MPF today for peace of mind.

Transfer your MPF to HSBC MPF

When you reach retirement age or would like to withdraw your accrued benefits, visit the section on how you can withdraw accrued benefits.

Withdrawing your accrued benefits

Check your MPF account balances and other information online

HSBC Online Banking and HSBC HK Mobile Banking allow you to check your MPF account balances, account returns, asset distribution, contribution history (last 18 months for HSBC Online Banking and last 12 months for HSBC HK Mobile Banking) and change your investment allocation. In addition, you can view or download Member Benefit Statements in the HSBC Online Banking.

If you're an existing HSBC Online Banking user, you can log on and access your MPF account by HSBC Online Banking or HSBC HK Mobile Banking.

HSBC MPF e-Services

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We provide comprehensive e-Services to help you to manage MPF account easily anytime, anywhere.

Monthly fund performance summary [PDF]

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Summary of how individual constituent fund in HSBC MPF scheme is performing.

Quarterly fund fact sheet [PDF]

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A report on the investment objectives, portfolio allocation and holdings, and market commentary for each constituent fund.

Your MPF Member Benefit Statement

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A summary of account movements for the current financial year and since you joined the scheme.

MPF Hotlines

HSBC MPF Member Hotline: +852 3128 0128

HSBC MPF Employer Hotline: +852 2583 8033

Our MPF member hotline is a 24-hour interactive voice response system that helps members manage their MPF accounts.

Retirement planner

Find out if you have saved enough for your retirement.

Visit a branch with MPF services

Find your nearest branch offering an MPF drop-in box and MPF services.

Monitor and manage your MPF

You can monitor and manage your MPF account at any time through:

Our MPF website
Online and mobile banking
Our MPF member hotline at +852 3128 0128
Our ATMs
Our branch network
MPF videos
Quarterly Fund Fact Sheet
Monthly Fund Performance Summary

Managing your MPF account is easy through our online banking services. You can check your MPF account balances and change your investment allocation whenever you want.

If you're a registered online banking user, you can automatically access your MPF account information through Personal Internet Banking or HSBC HK Mobile Banking provided you use the same identification numbers, namely your Hong Kong ID or passport number, for your MPF account and your bank or credit card account.

Instant access to the information you need regarding your MPF account:

Ways to check MPF account information
MPF account information	HSBC Online Banking (for personal customers)	HSBC HK Mobile Banking (for personal customers)	MPF Member hotline (852) 3128 0128	HSBC and Hang Seng Bank ATMs	Consolidated bank statement¹
Latest contribution					N/A
Total account balance
Account balance by employer or by fund		(by account)		N/A	(by account)
Latest unit prices of funds				N/A	N/A
Fund information			N/A	N/A	N/A
Change of investment allocation	(For portfolio rebalance, asset switch and contribution redirection only)	(For portfolio rebalance, asset switch and contribution redirection only)	(portfolio rebalance and contribution redirection only)	N/A	N/A
Changing online banking password or MPF phone PIN	Changing online password	N/A	Changing MPF phone PIN	N/A	N/A
Forms	Commonly used forms	N/A	N/A	N/A	N/A

Ways to check MPF account information
MPF account information	Latest contribution
HSBC Online Banking (for personal customers)
HSBC HK Mobile Banking (for personal customers)
MPF Member hotline (852) 3128 0128
HSBC and Hang Seng Bank ATMs
Consolidated bank statement¹	N/A

MPF account information	Total account balance
HSBC Online Banking (for personal customers)
HSBC HK Mobile Banking (for personal customers)
MPF Member hotline (852) 3128 0128
HSBC and Hang Seng Bank ATMs
Consolidated bank statement¹

MPF account information	Account balance by employer or by fund
HSBC Online Banking (for personal customers)
HSBC HK Mobile Banking (for personal customers)	(by account)
MPF Member hotline (852) 3128 0128
HSBC and Hang Seng Bank ATMs	N/A
Consolidated bank statement¹	(by account)

MPF account information	Latest unit prices of funds
HSBC Online Banking (for personal customers)
HSBC HK Mobile Banking (for personal customers)
MPF Member hotline (852) 3128 0128
HSBC and Hang Seng Bank ATMs	N/A
Consolidated bank statement¹	N/A

MPF account information	Fund information
HSBC Online Banking (for personal customers)
HSBC HK Mobile Banking (for personal customers)
MPF Member hotline (852) 3128 0128	N/A
HSBC and Hang Seng Bank ATMs	N/A
Consolidated bank statement¹	N/A

MPF account information	Change of investment allocation
HSBC Online Banking (for personal customers)	(For portfolio rebalance, asset switch and contribution redirection only)
HSBC HK Mobile Banking (for personal customers)	(For portfolio rebalance, asset switch and contribution redirection only)
MPF Member hotline (852) 3128 0128	(portfolio rebalance and contribution redirection only)
HSBC and Hang Seng Bank ATMs	N/A
Consolidated bank statement¹	N/A

MPF account information	Changing online banking password or MPF phone PIN
HSBC Online Banking (for personal customers)	Changing online password
HSBC HK Mobile Banking (for personal customers)	N/A
MPF Member hotline (852) 3128 0128	Changing MPF phone PIN
HSBC and Hang Seng Bank ATMs	N/A
Consolidated bank statement¹	N/A

MPF account information	Forms
HSBC Online Banking (for personal customers)	Commonly used forms
HSBC HK Mobile Banking (for personal customers)	N/A
MPF Member hotline (852) 3128 0128	N/A
HSBC and Hang Seng Bank ATMs	N/A
Consolidated bank statement¹	N/A

¹ Applicable to HSBC Global Private Banking, HSBC Premier Elite, HSBC Premier, HSBC One or Personal Integrated Account customer, and subject to some circumstances. Please refer to the Section ‘Mail statements’ in Member Service Guide for the details.

View a demonstration of online banking services.

Additional information

As a self-employed person, you can choose to make regular voluntary contributions directly on the Remittance Statement. You can also fill in and submit the 'Additional Voluntary Contributions Arrangement Form' (INPS) to set up or change your regular additional voluntary contributions.

Remarks

Additional voluntary contributions are accepted at the discretion of the Trustee. The Trustee reserves the absolute right not to accept additional voluntary contributions at any time.

Tax deductible voluntary contributions can help you to meet the long-term saving objective for retirement protection and enjoy tax concession in accordance with the Inland Revenue Ordinance. Click here to learn more about tax deductible voluntary contributions.

Remarks:

Additional voluntary contributions are accepted at the discretion of the Trustee. The Trustee reserves the absolute right not to accept tax deductible voluntary contributions at any time.

If you're self-employed, you're required to inform the trustee of the following:

your relevant income
your chosen payment frequency
any change to your circumstances or contact details

Notify us before 1 June each year of your relevant income for the next financial year of the scheme (ie 1 July to 30 June). We'll send you a letter together with a Self-employed Person Relevant Income Declaration Form (IN24) in April each year requesting notification of your relevant income. If we don't hear from you, it will be regarded as acknowledgement that your relevant income has not changed from the last financial year.

If you want to modify the frequency or payment basis for the next financial year of the scheme, you must also notify us before 1 June each year. You can make annual or monthly contributions and pay by direct debit or by cheque.

If you start working for someone else, you can elect to transfer your accrued benefits to an HSBC MPF personal account. You can also transfer your accrued benefits to your new employer's MPF scheme or another scheme of your choice.

As your circumstances change over time, you may decide to change the way your investments are allocated in your MPF account. There are 4 ways to do this: portfolio rebalance**, asset switch, contribution redirection and exiting the Default Investment Strategy (DIS).

Your investment allocation will apply to all types of contributions, including mandatory, voluntary, Flexi-Contributions and tax deductible voluntary contributions together with any accrued benefits transferred from another scheme. Change of investment allocation is applied at account level. For example, if you hold 2 accounts with HSBC MPF and would like to rebalance your portfolio for both accounts, you will need to give instructions for both accounts separately.

You can use below the service channels to change your investment allocation:

Service channels
Channel	Asset switch	Exiting the Default Investment Strategy
Online banking		N/A
MPF member hotline +852 3128 0128	N/A	N/A
Form
HSBC HK Mobile Banking		N/A

Service channels
Channel	Online banking
Portfolio rebalance^**
Asset switch
Contribution redirection
Exiting the Default Investment Strategy	N/A

Channel	MPF member hotline +852 3128 0128
Portfolio rebalance^**
Asset switch	N/A
Contribution redirection
Exiting the Default Investment Strategy	N/A

Channel	Form
Portfolio rebalance^**
Asset switch
Contribution redirection
Exiting the Default Investment Strategy

Channel	HSBC HK Mobile Banking
Portfolio rebalance^**
Asset switch
Contribution redirection
Exiting the Default Investment Strategy	N/A

If such changes apply to the members' existing investments, different dealing cut-off times may apply to valid instructions received through different service channels:

Investment option form - within 5 business days after the date of receipt of the valid instruction will be used as the date of fund price for fund dealing if such valid instruction is received on a business day;
Designated service channels, e.g. our website or Interactive Voice Response System (IVRS) - date of receipt of the valid instruction will be used as the date of fund price for fund dealing if such valid instruction is received by 4pm on a business day. Members should read the disclosures on different service channels carefully before giving instructions.

Fees and charges of an MPF Conservative Fund can be deducted from either:

(i) The assets of the MPF Conservative Fund or

(ii) Members' account by way of unit deduction.

The MPF Conservative Fund under the HSBC Mandatory Provident Fund – SuperTrust Plus uses method (i) and, therefore, its unit prices, net asset value (NAV) and fund performance quoted have reflected the impact of fees and charges.

** Change the investment allocation of your existing investments, future contributions and accrued benefits transferred from another registered scheme.

Important information

Forms and Documents This link will open in a new window

Management fees This link will open in a new window

Unit prices and cumulative performance This link will open in a new window

HSBC MPF News This link will open in a new window

Glossary This link will open in a new window

HSBC MPF awards This link will open in a new window

Service processing time This link will open in a new window

Frequently asked questions about MPF This link will open in a new window

Important notes

The information contained here is for reference only and will be updated without notice. The provisions of the Mandatory Provident Fund Schemes Ordinance, other applicable legislation/regulations and guidelines or announcements published by the Mandatory Provident Fund Schemes Authority shall prevail for any information on MPF system. If you are in doubt about the meaning or the effect of the contents of this website, you should seek independent professional advice.
Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the MPF Scheme Brochure.

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MPF for the self-employed

Managing my MPF

Explore MPF for the self-employed

When your situation changes

Check your MPF account balances and other information online

HSBC MPF e-Services

Monthly fund performance summary [PDF]

Quarterly fund fact sheet [PDF]

Your MPF Member Benefit Statement

MPF Hotlines

Retirement planner

Visit a branch with MPF services

Monitor and manage your MPF

Additional information

Additional voluntary contributions

Tax deductible voluntary contributions

Responsibilities of self-employed members

Change your investment plan

Important information