Ousted Lawmaker Backs BN(O) Documents Ban For MPF

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2021-03-11 HKT 13:26

Share this story

facebook

  • People moving to the UK on BN(O) visas may well come back to Hong Kong if they don't like it there, says former lawmaker Kenneth Leung. File photo: RTHK

    People moving to the UK on BN(O) visas may well come back to Hong Kong if they don't like it there, says former lawmaker Kenneth Leung. File photo: RTHK

A member of the MPF Schemes Advisory Committee, disqualified pro-democracy lawmaker Kenneth Leung, said on Thursday that it makes sense for the authorities to refuse to accept BN(O) passports and visas as proof that someone is leaving the territory and that they are entitled to empty their MPF accounts early.

Leung said on a radio show that people moving to the UK under the visa scheme might come back to Hong Kong if they don't settle in well there.

"You need to give a very high level of proof in order to withdraw your MPF early, because the aim of the set-up of the MPF is to protect retirement. That's why the legislation has been drafted in such a way to preserve accrued MPF benefits within the scheme," he said.

The former legislator said the crux of the issue is whether SAR residents with BN(O) status going to Britain can prove that they are relocating there permanently – although it is not clear how people moving away on other passports are able to do this either.

He said the decision on BN(O) documents may be "tainted with some political insinuation" but the fact that the Hong Kong government no longer recognises the BN(O) passport is not a consideration – even though the MPF Schemes Authority stressed this point in a statement on Wednesday.

"Of course the [BN(O) visa] scheme itself is highly politicised. That's why people would think that the decision could be a political decision as well. But as a regulator, I think the MPFA should maintain its neutrality and professionalism," Leung said, adding that it could be a good idea for the authority to better explain its decision.

He said people unhappy with the regulator's stance could file a legal challenge.

Leung added that he believes Hong Kong people who eventually gain British citizenship via the BN(O) visa scheme, secure work in the UK and buy property there, would at that point be allowed to access their MPF money.

RECENT NEWS

Treasury Secretary Grilled On Economic Figures And Foreign Policy. He Refrained From Directly Calling Ukraine An Ally.

Treasury Secretary Scott Bessent emphasized that prices would come down as soon as the Iran war ended, hailed Trump's ec... Read more

More Than Seven In Ten Americans Think The U.S. Is On The 'Wrong Track' Ahead Of The Midterms: Poll

The new poll also showed that Trump's approval rating had sunk to 34%, with more than half of respondents saying they "s... Read more

World Bank Encourages Developing Nations To Embrace 'Small' AI To Accelerate Economic Growth

Paschal Donohoe, the managing director and chief knowledge officer at the World Bank, said that so-called "small AI" cou... Read more

Ukraine Launches Large-Scale Drone Attack On Russia, Defies Trump's Demands To Leave Russian Energy Alone

Swarms of Ukrainian drones hit numerous targets in Russia, including an oil terminal, overnight despite Trump's repeated... Read more

Protests In France Are Becoming Increasingly Violent. Demonstrations Have Now Spread To Other European Countries.

The protests, which began as localized demonstrations against perceived neglect in the French education system, intensif... Read more

Trump Maintains Defiant Message In Kentucky Midterm Rally, Makes Dubious Claims About Republican Popularity

The president held a rally on Saturday in which he touted the supposed successes of his two terms in office, attacked hi... Read more