I want to receive MPF benefits early

Update 1:

ps.. I have personal loan tightening in Hong Kong, China. Is there any impact? If it succeeds and there are no problems, how long will it take? How much money does it cost? Can you look at the following information to help you...

Just have a return permit and take an oath to settle in the country

Solution to the Achilles’ heel of claiming MPF early Broken

15/07/2005

Reporter Ho Miaozhi During the economic downturn, many people went to the MPFA to request to withdraw their MPF funds, but most of them were under the age of 65. rejected. However, four years since the MPF was implemented, ***$1.91 billion has been withdrawn, of which $800 million was withdrawn on the grounds of "permanent departure from Hong Kong, China." It turns out that citizens who live in the Mainland can be regarded as leaving Hong Kong permanently. As long as the applicant swears to live in the Mainland permanently and obtains a return permit, he can withdraw his MPF. Even if someone deliberately abuses this withdrawal condition, the MPFA has nothing to do .

Currently, if citizens apply for early withdrawal of MPF on the grounds of permanent departure from Hong Kong, China, they must present statutory declarations and immigration evidence, such as documents from the Immigration Bureau. However, since there is no need to go through immigration procedures to live in the Mainland for a long time, you only need to show your home return permit and go to a statutory agency such as the District Affairs Office to swear that you will live in the Mainland for a long time, and you can get the MPF in your account within 30 days.

However, the law does not stipulate that people who withdraw their MPF funds in advance on the grounds of permanently leaving Hong Kong, China, cannot return to work in Hong Kong, China. Therefore, there is no fraud involved. They just lose their MPF funds and withdraw their MPF funds in advance for the same reason. CPF rights without any penalty. Since the extraction method is easy and there are no concerns about breaking the law, it is inevitable that some people will abuse this extraction condition.

A district staff member of the Home Affairs Office revealed that in recent years more and more citizens have come to take oaths. On average, among the ten oaths taken every day, three are about permanently leaving Hong Kong, China. Gold Withdrawal Form. Zhang Weiliang, Chairman of the Supervisory Committee of the Insurance Workers' Union, admitted that this is a loophole. He said: "People are poor and have short ambitions. When a good person is short of money, he will do anything. What's more, this method is not illegal at all." He said that if it can be easily withdrawn, Mandatory Provident Fund, the accumulated savings of MPF will be difficult to grow, and people will not be protected when they retire in the future, which goes against the meaning of MPF.

Picture reference: the-sun.on/channels/news/indent2.

It is not a crime to return to Hong Kong and work again

Member of the Legislative Council and MPFA Non-executive director Tam Yiu-chung said that it is not ruled out that some people will abuse this condition, especially when the accumulated amount of MPF increases. However, it is difficult for the authorities to determine whether a person sincerely returns to the country to live permanently, and whether the oath is true or false. It is also difficult to enforce the law. Moreover, the MPF itself is the employee's own hard-earned money, and they do not support the establishment of heavy penalties.

In fact, it is not considered a false oath for a citizen to swear an oath to leave Hong Kong and then return to Hong Kong. Lawyer Leung Wing-keng said that because the content of the oath is based on the moment of the oath, he explained: "A person swore today that he would leave Hong Kong, China, but knew that the next day he decided to stay for a while because his mother was seriously ill. In this way, he could not violate it. Oath. ”

A spokesman for the MPFA said that in order to prevent people from withdrawing MPF funds multiple times, it has been decided that withdrawals can only be made once for the reason of "permanent departure from Hong Kong, China". No fraudulent withdrawals have been found so far. case, but emphasized that if any person is found to have made false or misleading statements in documents given to the MPFA or MPF trustees, he will be guilty of an offense and may be fined up to $100,000 and imprisoned for one year. Article 32 of the "Criminal Offenses" also states that anyone who makes a false oath outside the court shall be imprisoned for up to seven years.

According to data from the MPFA, from the implementation of the Mandatory Provident Fund in 2001 to December 2004, there were *** 22,000 cases of early withdrawal of the Mandatory Provident Fund in Hong Kong.*** NT$1.91 billion was withdrawn, more than half of which was withdrawn in advance by retirees who were not aged 65 or above. The amount of MPF withdrawn in advance on the grounds of "permanent departure from Hong Kong, China" amounted to nearly NT$800 million, accounting for 10% of the amount withdrawn. Most of the amount.

,Reference: the-sun.on/channels/news/20050715/,