Applicable persons
Account owners who are at least 65 years old and currently receiving old-age or disability pension from the Social Security Fund.
Details of the measure
Starting from the year that immediately follows the year of registration, if the account owner meets all three requirements below in the calendar year of fund allocation, the special allocation from budget surplus for the year and the income will be directly deposited in the bank account that he/she receives old-age or disability pension from the Social Security Fund.
1. The person must be included in the list of special allocation from budget surplus of the year (does not include people who are re-listed through filing an objection statement).
2. The person must have provided the proof of life for the year.
3. The person has not applied in the year for withdrawal of funds from his/her central provident fund’s individual account.
Ways of registration
You may register for automatic withdrawal of funds at the time when you apply for fund withdrawal:
1. Log in to the “Macao One Account” mobile app / online platform
2. Self-service machines in Macao(click here for locations)
3. All service points of the Social Security Fund(click here for locations)
Application Form for Automatic Withdrawal Registration (Form for Download CH/PT) (Sample of form completion EN)
Points to note:
1. Automatic withdrawal is a one-time registration and it will remain valid once registered.
2. The account owner can only withdraw funds once a year. If the account owner has been approved for withdrawal of funds in a calendar year, he/she will not be automatically paid with funds even if he/she meets the conditions.