Termination Reason

Termination Reason is under Master.

Reason Code is the Termination Reason Code that is defined by your company policy.

MPF Trustee Termination Reason Code is the requirement of your MPF Trustee when generating MPF File with the terminated employees.

Termination Reason Table for AIA Company (Trustee) Limited

0 - Resignation

1 - Summary Dismissal

2 - Redundancy/Laid Off/Terminated with Employment/End of Contract/Dismissal

3 - Special Situation

4 - Retirement

5 - Total Incapacity

6 - Death

A - Individual Member Transfer

B - All Member (Plan) Transfer to Another Plan

C - Plan Termination

F - Permanently Leave HK

G - Small Balance Account

Termination Reason Table for HSBC Provident Fund Trustee (Hong Kong) Limited

WB - Withdrawal

RE - Redundancy

DS - Dismissal With Cause

ER - Early Retirement

NR - Normal Retirement

LR - Late Retirement

DN - Death

TI - Total Incapacity

PD - Permanent Departure from Hong Kong

SB - Small Balance Payment

PC - Termination Within First 60 days of Employment

GO - Intra Group Transfer

Termination Reason Table for HSBC Institutional Trust Services (Asia) Limited

A - Normal Retirement

B - Early Retirement

C - Deferred Retirement

D - Disability

E - Death

F - Resignation

G - Dismissal without benefits

J - Ill-Health

K - Redundancy

L - Termination

M - Contract Completion

V - Dismissal with benefits

Termination Reasons Table for Bank Consortium Trust Company

01 - Retirement

02 - Ill-health

03 - Death

04 - Resignation

05A - Dismissal with VC Forfeited

05B - Dismissal without VC Forfeited

06 - Transfer

07 - Early Retirement

08 - Emigration

09 - Small Amount Cash Out

13 - Transfer to other Trustee

14 - Redundancy

Termination Reasons Table for AXA China Region Trustees Limited

02 - Retirement

03 - Resignation

04 - Dismissal

08 - Death

10 - Permanent Departure

11 - Total Disability

12 - Lay Off/Redunancy

13 - Early Retirement

17 - Intra-Group Transfer

  • Please contact your MPF Trustee to check for the correctness and latest update of their termination reason codes.

The IRD Cessation Reason Category is the requirement of IR56F XML File Submission required by IRD. (See How to prepare IR56F)

1 - Resignation

2 - Retirement

3 - Dismissal

4 - Death