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Tax Deductible Voluntary Contributions (TVC) account

Open an HSBC MPF TVC account and enjoy tax savings of up to HKD60,000 plus up to HKD4,500 in bonus unit rebates

Enjoy tax savings with potential returns

Save towards your retirement while enjoying tax deduction of up to HKD60,000 with Tax Deductible Voluntary Contributions (TVCs). What’s more, get up to HKD4,500 in bonus unit rebates when you open an HSBC MPF TVC account successfully with the required contributions.

Key benefits

Flexible contributions

You're in charge, so you can opt to contribute as much or as little[@mpf-mincontribution] as you want, whenever you like

Invest in your own way

With TVC, you take control on how you invest your money to make the best out of it

Tax-deductible contributions

Get a tax deduction of up to HKD60,000 on your TVC account contributions when you report your taxable income

Get up to HKD4,500 in bonus unit rebates

Open an HSBC MPF TVC account and make contributions to enjoy up to HKD60,000 tax deduction and HKD4,500 bonus unit rebates.

Investment involves risks. T&Cs apply.

Special offer

From now until 31 March 2023, receive bonus unit rebates when you make TVC contributions to your HSBC MPF TVC account. The more you contribute, the more you'll receive!

 

You'll qualify for different levels of rebates depending on the cumulative amount you transfer in within the promotion period (16 April 2022 to 31 March 2023), as illustrated in the following table:

Tier Cumulative TVC amount paid or transferred during promotion period (HKD) Bonus unit rebates upon reaching threshold (HKD) Accumulated basic TVC bonus unit rebates (HKD) Extra TVC bonus for employees of MPFA 'Good Employers'* (HKD) Accumulated basic and extra TVC bonus unit rebates (HKD)
1 3,000 100 100 50 150
2 30,000 200 300 100 450
3 60,000 300 600 150 900
4 120,000 800 1,400 400 2,100
5

180,000

1,600

3,000

800 4,500

From now until 31 March 2023, receive bonus unit rebates when you make TVC contributions to your HSBC MPF TVC account. The more you contribute, the more you'll receive!

 

You'll qualify for different levels of rebates depending on the cumulative amount you transfer in within the promotion period (16 April 2022 to 31 March 2023), as illustrated in the following table:

Tier 1
Cumulative TVC amount paid or transferred during promotion period (HKD) 3,000
Bonus unit rebates upon reaching threshold (HKD) 100
Accumulated basic TVC bonus unit rebates (HKD) 100
Extra TVC bonus for employees of MPFA 'Good Employers'* (HKD) 50
Accumulated basic and extra TVC bonus unit rebates (HKD) 150
Tier 2
Cumulative TVC amount paid or transferred during promotion period (HKD) 30,000
Bonus unit rebates upon reaching threshold (HKD) 200
Accumulated basic TVC bonus unit rebates (HKD) 300
Extra TVC bonus for employees of MPFA 'Good Employers'* (HKD) 100
Accumulated basic and extra TVC bonus unit rebates (HKD) 450
Tier 3
Cumulative TVC amount paid or transferred during promotion period (HKD) 60,000
Bonus unit rebates upon reaching threshold (HKD) 300
Accumulated basic TVC bonus unit rebates (HKD) 600
Extra TVC bonus for employees of MPFA 'Good Employers'* (HKD) 150
Accumulated basic and extra TVC bonus unit rebates (HKD) 900
Tier 4
Cumulative TVC amount paid or transferred during promotion period (HKD) 120,000
Bonus unit rebates upon reaching threshold (HKD) 800
Accumulated basic TVC bonus unit rebates (HKD) 1,400
Extra TVC bonus for employees of MPFA 'Good Employers'* (HKD) 400
Accumulated basic and extra TVC bonus unit rebates (HKD) 2,100
Tier 5
Cumulative TVC amount paid or transferred during promotion period (HKD)

180,000

Bonus unit rebates upon reaching threshold (HKD)

1,600

Accumulated basic TVC bonus unit rebates (HKD)

3,000

Extra TVC bonus for employees of MPFA 'Good Employers'* (HKD) 800
Accumulated basic and extra TVC bonus unit rebates (HKD) 4,500

* If you're an employee under one of the MPFA Good Employers in years 2017–2018, 2018–2019, 2019–2020, 2020–2021 or 2021–2022, you'll be entitled to additional bonus unit rebates of 50% of the rebate amount under basic TVC bonus ("extra TVC bonus") on the day you open your HSBC MPF TVC account.

Important information

Eligibility

You can enrol in a TVC account if you fall under any of the following categories:

  • You're an employee member of an MPF scheme
  • You're a self-employed member of an MPF scheme
  • You're a personal account holder of an MPF scheme
  • You're a member of an MPF-exempted ORSO scheme

 

Please note that you can only have one TVC account under an MPF scheme.

Need help?

Meet with us

Speak with our MPF specialists who will be able to address your enquiries directly.

Call us

Our hotline is open 24 hours a day, every day. But if you need to speak to a specialist, we're available between 8:30am and 7:30pm, Mondays to Fridays; between 8:30am and 1:00pm on Saturdays, except on public holidays.

HSBC MPF member hotline: +852 3128 0128

Find out more

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Our certified plans under the Voluntary Health Insurance Scheme offer comprehensive medical coverage, access to private healthcare and tax relief 

Notes

    The information contained here is for reference only and will be updated without notice. The provisions of the Mandatory Provident Fund Schemes Ordinance, other applicable legislation/regulations and guidelines or announcements published by the Mandatory Provident Fund Schemes Authority shall prevail for any information on MPF system. If you are in doubt about the meaning or the effect of the contents of this website, you should seek independent professional advice.

    Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the MPF Scheme Brochure(PDF).