Change of investment choice means re-allocating investment between different funds of an MPF scheme. Member is essentially redeeming the units in a constituent fund and investing the proceeds into another constituent fund within the same scheme. Change of investment choice involves a pair of unit transactions as listed in below:

Depending on individual trustee, some MPF schemes provide further flexibility for fund switching by allowing members to choose the followings:

When an employee ceases employment, the employer must give a written notice to the trustee of the scheme concerned no later than the 10th day after the month in which the employee concerned ceases employment. Alternatively, the employer may use the remittance statement to inform the trustee of the employee's cessation of employment and the date of cessation.

If the employee has not informed the trustee of his transfer option within 30 days after the trustee receives his termination notice, the trustee will inform the employee, by written notice:

1. His different transfer options and;
2. The consequences of not electing any transfer options within the specified time limit.

If the trustee has not received his election within 3 months after it receives the termination notice, the employee is deemed to elect to transfer his accrued benefits to a preserved account in the same scheme. Then the trustee will process the transfer accordingly.

If a self-employed person ceased to be self-employed, he should inform the scheme trustee of his cessation of self-employment and should make his last contribution on or before the end of the contribution period in which he ceases to be self-employed.

Except for voluntary contribution, accrued benefits can be withdrawn only if the employee or self-employed person has reached the age of 65 or due to early withdrawals under the following circumstances: