To switch all or some of the units from one or more Constituent Fund s and then re-allocate the redeemed amounts to another Constituent Fund or across any of the Constituent Funds. The investment allocation of your new contributions including but not limited to accrued benefits transferred from another registered scheme will remain unchanged.
To change the investment allocation of your new contributions including but not limited to accrued benefits transferred from another registered scheme. The investment allocation of your existing investments will remain unchanged. How can I change the investment allocation of my MPF account?
When will my change of investment instructions be processed? If we receive your instructions after pm Hong Kong time on any business day, or anytime on a Saturday, public holiday or other non-business days, they will normally be processed on the following business day. After receiving your properly-completed form, your instruction will normally be processed within five business days. Please note that a confirmation notice will be sent to you after the instruction has been successfully processed.
The above processing time is for reference only. HSBC shall not be liable for any delay. In case of having multiple change investment instructions being submitted for the same processing date for my MPF account, how will they be processed? The information provided is for reference only, which may be subject to change without notice.
No liability is accepted for any loss or damage arising from any reliance upon such information. You should inform us of your new address and any changes of contact number, etc by completing a Personal Details Change Form.
Download IN91 form. For the details of above-mentioned, you can contact our customer service hotline. Residential Telephone No. As you are accumulating your funds for retirement purpose, it is important that you consider the long term financial strength and security of the MPF service providers when making your decision. How can I check whether my employer has paid the last contribution for me?
You can check the latest contribution record of your account through any of the following ways:. What should I do if I leave my current employment and become a self-employed person? You also need to enrol yourself into an MPF scheme as a self-employed person. If I set up regular monthly Flexi-Contributions, can I make any additional lump sum contributions in the future? How can I change or cancel my Flexi-Contributions instructions?
Are there any restrictions for withdrawing my Flexi-Contributions? You may request to withdraw your Flexi-Contributions up to 12 times in a financial year from 1 July to 30 June each year , subject to a minimum of HKD5, per withdrawal.
How can I withdraw my Flexi-Contributions? There is no handling charge. Please follow the instructions and requirements stated on the form. Can I make additional Voluntary Contributions through deductions from my salary? To make regular additional Voluntary Contributions through deductions from your salary, you should complete a Change of Additional Voluntary Contribution Arrangement Form IN55 and ask your employer to make the arrangements for you.
What is the difference between making voluntary contributions through deductions from my salary and Flexi-Contributions by debiting from my bank account? Both are voluntary contributions in addition to your mandatory contributions. The major differences are as follows:. Learn more about Flexi-Contributions. If my HKID card only contains the year of my birth and I do not have any other document of identity to prove my exact date of birth, what day and month should I put on the application form?
You should put '31 December' as the day and month. Likewise, if your HKID card only contains the year and month but not the day, you should put the last day of the month. The Fund Information provides you with the unit prices. The cumulative performance of the Fund Information provides you with the past performance histories of the funds. The unit prices are calculated based on the net asset value of each fund, ie the value of investments less fees and charges, divided by the number of units issued.
With the exception of the unit prices for MPF Conservative Fund on or before 30 June , where fees and charges were deducted directly from a member's account by unit deduction.
Our CPF is a low risk fund, investing in high grade Hong Kong HKD- denominated monetary instruments such as treasury bills, bills of exchange, commercial paper, certificates of deposits or interbank deposits, and other ancillary investments allowed under the General Regulation.
The investment objective is to achieve a rate of return higher than that available for savings deposits, however returns are not guaranteed. An MPF Conservative Fund may use one of two methods for deduction of fees and charges, namely i 'Fund Level Deduction;, that is, deducting the fees and charges from the assets of the MPF Conservative Fund or ii 'Member Level Deduction', that is, directly deducting the fees and charges from member's account by way of unit deduction.
According to the MPF legislation, fees and charges can be deducted from the CPF only when the investment return is higher than the prescribed savings rate which is regularly published by the MPFA.
The unit prices of the CPF have, therefore, not taken into account the deduction of fees and charges. During that period, the fees and charges for CPF were deducted in the form of units from a member's account only after the investment return and prescribed savings rate for each month were ascertained. From 1 July , fees and charges accrue on a daily basis, and are reflected daily in the fund's unit prices, net asset value and fund performance quoted.
Our Guaranteed Fund is a low risk fund providing you with a guaranteed interest rate, provided certain conditions are met. If any of the Guarantee Conditions are met on withdrawal or transfer of balance, members will be entitled to the Actual Balance or the Guaranteed Balance, whichever is greater. What are the guarantee features and Guarantee Conditions? What do you mean by crystallisation for the investment in the Guaranteed Fund?
It is for members who have reached the age of 65 and still have investment in the Guaranteed Fund. The Administrator will calculate the Guarantee for these members, equivalent to the amount they would entitled if they had withdrawn their benefits from the Guaranteed Fund on 31 December in that year using grounds that meet the Guarantee Conditions. What is the current guaranteed interest rate for the Guaranteed Fund?
The rate for the financial year from 1 July to 30 June is 0. The rate will be reviewed annually and determined at the beginning of each financial year, ie 1 July each year. DIS is a ready-made investment arrangement mainly designed for those members who are not interested or do not wish to make an investment choice, and is also available as an investment choice itself, for members who find it suitable for their own circumstances.
Starting from 1 April , for those members who do not make an investment choice when they set up a new MPF account, their new contributions and accrued benefits transferred from another registered scheme will be invested in accordance with the DIS. The DIS aims to balance the long term effects of risk and return through investing in two Constituent Funds, namely the A65F and the CAF, according to the pre-set allocation percentages at different ages. The DIS will manage investment risk exposure by automatically reducing the exposure to higher risk assets and correspondingly increasing the exposure to lower risk assets as the member gets older.
Such de-risking is achieved by way of reducing the holding in the CAF and increasing the holding in the A65F over time. The asset allocation stays the same up until 50 years of age, then reduces steadily until age 64, after which it stays steady again. If we receive your instruction at or before pm Hong Kong time on business days, the instructions will normally be processed on the same business day.
If we receive your instruction after pm Hong Kong time on business days or any time on a Saturday, public holiday or non-business day, it will normally be processed on the next business day. You can view employee accounts, self-employed accounts, personal accounts, tax deductible voluntary contributions accounts and flexi-contribution accounts. Portfolio Rebalance will change the investment allocation for both existing investments and new contributions including accrued benefits transferred from another registered scheme.
Switch units and reallocate redeemed amounts. Investment allocation of new contributions will remain unchanged. This instruction reallocate your existing investments and new contributions using the Default Investment Strategy DIS. There are different types of contributions under member's MPF account, is there any offset sequence when HSBC handling the request for refund or claim of long service payment or severance payment?
The member's vested accrued benefits derived from the employer's contributions will be used for the offsetting according to the following sequence:. It is issued to you automatically after your enrolment. No new PIN will be reissued automatically under normal circumstances.
How do I get a replacement? Are employee's mandatory contributions, voluntary contributions and Flexi-Contributions deductible expenses under salaries tax? Mandatory contributions made by employees and voluntary contributions paid into tax deductible voluntary contributions accounts are tax deductible, but voluntary contributions did not contribute into tax deductible voluntary contributions accounts and Flexi-Contributions are not tax deductible.
For the details of tax issues, please refer to the latest announcements by the Inland Revenue Department of the Government of the Hong Kong Special Administrative Region.
Information of which period s will be provided? Is there any handling charge for this service? What is the maximum number of requests I can make each year?
Simply download the form via the MPFA website and follow the required steps, you will then have the relevant details. Employees can transfer the MPF accrued benefits i. Such transfers can be carried out on a lump-sum basis once every calendar year. Calendar year refers to the period from 1 January to 31 December in any given year. If you are currently investing in a guaranteed fund , your transfer instruction may cause some or all of guarantee conditions not being satisfied, thus affecting your entitlement to or loss of the guarantee.
For more details, please check the MPF Scheme Brochure of your original scheme or consult your original scheme trustee. During the process of transfer, the accrued benefits are first cashed out by the original approved scheme trustee and then transferred to the new scheme trustee for re-investment. The fees and charges will only be applied when the asset consolidation is completed and invested into the Fidelity MPF funds.
You can also call the Fidelity Investor Hotline or login to your online account to check the status of your fund transfer-in request. If you consolidate your MPF assets into Fidelity, please post the relevant completed form to the below address of our scheme trustee:.
Employee has to submit an enrolment form to indicate this is a tax exempted voluntary account. TVC account holders will decide whether or not to file tax return on the amount of TVC for tax concessions. The withdrawal conditions shall be the same as those applicable to mandatory contributions, that is:. This is a separate TVC account. Nonetheless, TVC account holders can also change their investment options from time to time.
Member is optional to make special voluntary contribution as part of your future retirement assets. Please click here for details. Your Special Voluntary Contribution Account does not charge subscription or switching fees.
There are no charges related to this. Withdraw in accordance with the governing rules of the original scheme by transferring all the accrued benefits derived from Voluntary Contributions in units to a Special Voluntary Contribution Account in Fidelity, or. Receive the payment of the accrued benefits derived from Voluntary Contributions either by cheque or depositing directly in the bank account. You are eligible to withdraw your MPF accrued benefits when you reach the normal age of retirement at The MPF benefits may be withdrawn earlier under any of the following circumstances:.
You must complete the claim form and submit the required documents quoted on the form to the scheme trustee as stated below:. You can also contact the Fidelity Investor Hotline on and have a copy sent to you by post. After our scheme trustee received the completed claim form and the required documents, the payment can be completed within 1 month. However, if you are below the age of 65 and work again, your new employer is required to enrol you into an MPF scheme when you have been employed for 60 days or more.
You and your employer will have to make MPF contributions. Please note that you must submit your application within 12 months of the issuance of the certificate. The certificate can also be signed by a registered Chinese medicine practitioner who is registered under the Chinese Medicine Ordinance Cap.
The member who applies for early withdrawal of MPF benefits on this ground can still be employed or self—employed. If you have submitted the statutory declaration form once before, you only need to submit Claim Form For Payment of Accrued Benefits on ground of attaining the retirement age of 65 or early retirement [MPF S -W R ] for the subsequent claims. Normally, long service payment or severance payment is offset against employer's voluntary MPF contributions first before mandatory MPF contributions.
Any specific arrangements for offsetting must be agreed upon between your employer and the scheme trustee. You are required to report your relevant income to the scheme trustee at the time of enrolment in order for your scheme trustee to ascertain the first level of mandatory contribution you need to make.
If you remain to be self-employed, you are also required to report the relevant income for mandatory contribution at least 30 days before the end of each financial period of the scheme.
You can contribute on a monthly or yearly basis. If you choose to contribute on yearly basis, you should pay your mandatory contributions to the scheme trustee by the end of each financial year of the scheme.
If you choose to contribute on monthly basis, you should pay your mandatory contributions to the scheme trustee on or before the end of each month. Our scheme trustee will mail you the Member Benefit Statement annually within 3 months after the financial year end i.
You can visit our Fidelity Website to download the forms. Alternatively, you may call our Fidelity Investor Hotline on during office hour for further assistance. The sub-funds include equity funds, lifecycle funds, bond funds, money market funds and third-party managed funds. No, your employer decides which sub-funds are made available in your ORSO scheme for your selection.
If your employer uses another party for member record keeping, only Ordinary Class may be offered in your scheme. Savings Class units are only available as a rollover service for ORSO scheme members who have terminated their employment with their employer but want to continue investing in the Fidelity Advantage Portfolio Fund.
Please enquire with your employer. You can find the monthly fund performance and quarterly asset allocation updates in Fund Performance and Prices and Monthly Investment Report for more details. The remaining balance after deducting the MMB can then be either withdrawn as cash or rollover into:. Please make an appointment with us via Fidelity Investor Hotline during office hours and bring the following documents for the account set up:.
An original residential address proof utility bills or bank statements which is issued within the latest 3 months Fidelity staff can certify your relevant documents at Fidelity Investor Centre or a certified copy. You may also refer to the Fidelity Rollover Services procedure guide for more information. In general, the processing time of rollover will take around weeks after your last employment date and receipt of required documents in order by the scheme trustee. Your original units in the Growth Fund will be redeemed and subscribed into the Growth Fund Savings Units on the same business day.
Simply fax or post the completed " Switching Form - Savings Units " to our scheme trustee. Our scheme trustee will process your switching request on a same-day basis, if they receive your completed instruction by pm on a business day. Simply fax or post the completed " Realisation Form-Savings Units " to our scheme trustee.
Our scheme trustee will process your redemption request on a same-day basis, if they receive your completed instruction by pm on a business day. However, your accrued benefits derived by the employer's voluntary contributions during the cessation of employment may be subject to tax.
Please ask your employer for details. Under the provisions of the Inland Revenue Ordinance IRO , mandatory contributions to MPF schemes are deductible in computing your assessable income as an employee or assessable profits as a self-employed person's own contribution.
All contributions other than mandatory contributions are voluntary and are not deductible. The maximum deduction for each year of assessment is:. Simply click and subscribe to Fidelity MPF e-Statement Service to stop receiving paper reports and start viewing your statements and notices conveniently in our website. Once bound and activated, the Cdk signals the cell's exit from G1 and entry into S phase. When the cell reaches an appropriate size and the cellular environment is correct for DNA replication, the cyclins begin to degrade.
G1 cyclin degradation deactivates the Cdk and leads to entry into S phase. Mitotic cyclins accumulate gradually during G2. Once they reach a high enough concentration, they can bind to Cdks. This complex acts as the signal for the G2 cell to enter mitosis. Once the mitotic cyclin degrades, MPF is inactivated and the cell exits mitosis by dividing and re- entering G1.
The cellular signals that we described earlier cell size, completion of DNA replication, and cellular environment provide the signals that regulate the synthesis and degradation of cyclins.
SparkTeach Teacher's Handbook. Summary Cell Cycle Regulation. Cyclin-Dependent Protein Kinase Cdks A Cdks is an enzyme that adds negatively charged phosphate groups to other molecules in a process called phosphorylation. Cyclins Cyclins are named such because they undergo a constant cycle of synthesis and degradation during cell division.
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