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Consolidating Accounts / Transferring MPF Arrangement

Consolidating Personal Accounts


If you are holding too many personal accounts which may cause some troubles for you! For proper management of your personal accounts, you should consolidate all your personal accounts in one go now.

Consolidating MPF accounts will make your financial management easier and more efficient. The procedure is very simple, you only need to fill in a form for account consolidation.

Step 1：Check your personal accounts

If you forget how many personal accounts you have, you can access your personal account records free of charge through the e-Enquiry of Personal Account platform at the Mandatory Provident Fund Schemes Authority; or
If you have forgotten your scheme name and account number of your personal accounts, you can check the statement issued by the relevant MPF trustee or contact the relevant MPF trustee directly to obtain the scheme name and account number.

Step 2：Select MPF scheme and ensure you have a personal account or a contribution account

If you have selected Easy-Choice MPF scheme, please ensure that you have a personal account or a contribution account under Easy-Choice MPF scheme, so that you can consolidate all your other trustees’ personal accounts into that account.

For application of Easy-Choice MPF Personal Account, please click here to download the application form.

Step 3：Completed the form and submit to BOCI-Prudential

You only need to fill in a "Scheme Member's Request for Account Consolidation Form" [MPF(S) - P(C)]* and submit the completed form together with the relevant documents to BOC-Prudential. You can consolidate all personal accounts into one at a time!

You can download the "Scheme Member's Request for Account Consolidation Form" [MPF(S) - P(C)]* here.

Should you have any queries, please call our Easy-Choice MPF Administration Hotline at 2929-3030.

 

Transfer of MPF accrued benefits to Easy-Choice MPF


Change Job or Cease Employment

When you change your job or cease employment, you can choose to transfer the accrued benefits from your previous employment to your new employer's contribution account or to a personal account under Easy-Choice MPF.

Current Employees

Under “Employee Choice Arrangement”, you can choose to transfer the accrued benefits derived from the employee mandatory contributions under your current employment to the personal account under Easy-Choice MPF once per calendar year.

Transfer Arrangement

If you decide to transfer the accrued benefits from your previous employment to Easy-Choice MPF due to change job or cessation, you only need to fill in a "Scheme member's request for fund transfer form" [MPF(S) - P(M)]*, then submit the completed form together with the relevant documents to BOCI-Prudential.

You can download the "Scheme member's request for fund transfer form" [MPF(S) - P(M)]* here.

If you are a current employee, when you decide to transfer the accrued benefits derived from the employee mandatory contributions under your current employment to Easy-Choice MPF, you only need to fill in a "Employee Choice Arrangement (“ECA”) – Transfer Election Form” [MPF(S) - P(P)]*, and submit the completed form together with the relevant documents to BOCI-Prudential.

You can download the "Employee Choice Arrangement (“ECA”) – Transfer Election Form" [MPF(S) - P(P)]* here.

Regardless of which of the above transfers, you should ensure that you have a personal account under Easy-Choice MPF. For the application of the Easy-Choice MPF personal account, you can download the application form here.

Should you have any queries, please call our Easy-Choice MPF Administration Hotline at 2929-3030.

* If you wish to transfer your accrued benefits from one MPF scheme to another, please be aware of how the transferred-in benefits will be invested. In general, the transferred-in benefits will be invested according to the default investment strategy (“DIS”) if you have not given any investment instructions for the transferred-in benefits of the account to the new trustee. Please approach your new trustee to seek clarification, where necessary.

Important Note - Fraudulent Websites

BOCI-Prudential Trustee Company (“our Company”) found fraudulent websites which seek to pass off as our Company, and can be searched and accessed through internet search engines. Customers are advised to always stay vigilant about scams.

Please note that  www.bocpt.com is the ONLY official website of our Company. We have not authorized any agent or third party to use any of our materials and trademarks to set up other websites. If you have any doubts, please contact our Customer Service Hotlines at 2929-3030/2929-3366 or email to mpf@bocpt.com for verification. Please click here for more security information.

 

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Please read the Terms and Conditions on the Website before using any services available on the website and / or via telephone services (collectively, the “Services”). Your continued use of the Services will mean that you irrevocably and unconditionally accept and agree to be bound by the Terms and Conditions as the same may be amended from time to time and any amendment to the Terms and Conditions shall be effective immediately upon posting on the Website.

 

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BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme

IMPORTANT INFORMATION

  • You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of Constituent Funds, you are in doubt as to whether a certain Constituent Fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the Constituent Fund(s) most suitable for you taking into account your circumstances.
  • You should consider your own risk tolerance level and financial circumstances before investing in the MPF Default Investment Strategy (as defined in section 6.7 (MPF Default Investment Strategy)). You should note that the BOC-Prudential Core Accumulation Fund and the BOC-Prudential Age 65 Plus Fund may not be suitable for you, and there may be a risk mismatch between the BOC-Prudential Core Accumulation Fund and the BOC-Prudential Age 65 Plus Fund and your risk profile (the resulting portfolio risk may be greater than your risk preference). You should seek financial and/or professional advice if you are in doubt as to whether the MPF Default Investment Strategy is suitable for you, and make the investment decision most suitable for you taking into account your circumstances.
  • You should note that the implementation of the MPF Default Investment Strategy may have an impact on your MPF investments and accrued benefits. We recommend that you consult with the Trustee if you have doubts on how you are being affected.
  • Fees and charges of a MPF conservative fund can be deducted from either (i) the assets of the fund or (ii) members’ account by way of unit deduction. The BOC-Prudential MPF Conservative Fund uses method (i) and, therefore, unit prices/NAV/fund performance quoted have incorporated the impact of fees and charges.
  • If you are in doubt about the meaning or effect of the contents of the information in this website, you should seek independent professional advice.

 

My Choice Mandatory Provident Fund Scheme

IMPORTANT INFORMATION 

  • You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of Constituent Funds, you are in doubt as to whether a certain Constituent Fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the Constituent Fund(s) most suitable for you taking into account your circumstances.
  • You should consider your own risk tolerance level and financial circumstances before investing in the MPF Default Investment Strategy (as defined in section 6.7 (MPF Default Investment Strategy)). You should note that the My Choice Core Accumulation Fund and the My Choice Age 65 Plus Fund may not be suitable for you, and there may be a risk mismatch between the My Choice Core Accumulation Fund and the My Choice Age 65 Plus Fund and your risk profile (the resulting portfolio risk may be greater than your risk preference). You should seek financial and/or professional advice if you are in doubt as to whether the MPF Default Investment Strategy is suitable for you, and make the investment decision most suitable for you taking into account your circumstances.
  • You should note that the implementation of the MPF Default Investment Strategy may have an impact on your MPF investments and accrued benefits. We recommend that you consult with the Trustee if you have doubts on how you are being affected.
  • Fees and charges of a MPF conservative fund can be deducted from either: (i) the assets of the fund; or (ii) members’ account by way of unit deduction. The My Choice MPF Conservative Fund uses method (i) and, therefore, unit prices/NAV/fund performance quoted have incorporated the impact of fees and charges.
  • If you are in doubt about the meaning or effect of the contents of the information in this website, you should seek independent professional advice.

 

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