In general, a member can claim for payment of the accrued benefits at the retirement age of 65. The following shows the different circumstances:
(i) Retirement (having reached the age of 65)
(ii) Early retirement (having reached the age of 60 and have permanently ceased employment/self-employment)
(iii) Permanent departure from Hong Kong
(iv) Total incapacity
(v) Terminal illness
(vi) Small balance (fulfilling all the relevant criteria set out in the Mandatory Provident Fund Schemes Ordinance)
(vii) Death
With effect from 1st February, 2016, members who reach the age of 65 or permanently cease employment or self-employment after reaching the age of 60 may choose to withdraw their accrued benefits attributable to mandatory contributions and if applicable, voluntary contributions by instalments by submitting a claim form specifying the exact amount of withdrawal and other relevant information.
When a member is entitled to benefits, the Trustee will realise the units held to the account of that member. Benefits will be paid within 30 days in accordance with the Mandatory Provident Fund Schemes Ordinance after the Trustee has received the valid claim for payment of such benefits.