Some employees may have multiple Mandatory Provident Fund (MPF) personal accounts as they change jobs over time. While consolidating these accounts simplifies management, the process was cumbersome before the introduction of eMPF. In the past, you had to contact various trustees for account information, fill out and submit paper forms, and face potential obstacles such as signature mismatches or incomplete details that could delay the process. Now, with the launch of eMPF, consolidating your MPF accounts is simple and convenient. With just a few easy steps on eMPF, you can consolidate all your accounts, making management significantly more efficient.

If you have already registered for eMPF, you can consolidate your personal accounts from different trustees into your preferred MPF trustee and scheme by following these steps:

1. Log in to the eMPF mobile app or online platform.
2. In the menu, select “My MPF,” then choose “Transfer MPF,” and click on “Personal Account Consolidation”.
3. Select the Transfer-out Account(s). You can select multiple accounts to transfer out.
4. Select a Transfer-in Account.
5. Review the information and read the Terms and Conditions, then confirm your acceptance.

Please refer to the MPF Transfer User Guide for details and step-by-step instructions on the process.

While eMPF has streamlined account consolidation, market risks remain during the transfer process. This is because, from the moment your MPF benefits are moved from the existing trustee to the new one, your MPF benefits are not invested in any fund during the transfer period. Since fund prices may change during this period, there is a chance of “selling low and buying high”. Be mindful of this risk before making a transfer.