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Tax Deductible Voluntary Contributions (TVC) account

Open an HSBC MPF TVC account and make TVC contributions to enjoy tax-deductible amount 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 you HKD4,500 in bonus unit rebates when you make new TVC contributions or transfer your TVC contributions from other trustees to HSBC MPF

Get up to HKD4,500 bonus unit rebates

Open an HSBC MPF TVC account to make prescribed amount of TVC contributions or transfer prescribed TVC accrued benefits from other MPF schemes to HSBC MPF to enjoy up to HKD4,500 bonus unit rebate.

 

Investment involves risks. T&C apply. 

Special offer

From now until 31 March 2024, you can enjoy up to HKD3,000 basic bonus unit rebates (‘Basic TVC bonus’) when you make prescribed TVC contributions with HSBC MPF or transfer prescribed TVC accrued benefits from other MPF schemes to HSBC MPF. The more you contribute or transfer to us, the more bonus unit rebates you will enjoy.
 

If you are an employee of one of the 2017-18, 2018-19, 2019-20, 2020-21, 2021-22 or 2022-23 MPFA Good MPF Employers on the day of opening your HSBC MPF TVC account, you can enjoy extra 1.5 times of bonus unit rebates (‘Extra TVC bonus’), equivalent of up to HKD4,500 bonus unit rebates.

 

Based on your contributions or transfer-in amount during promotional period, you’ll qualify for different levels of rebates:

Tier Cumulative TVC contributions made / transferred to HSBC MPF (HKD)
Basic bonus unit rebates (HKD)
Accumulated basic bonus unit rebates (HKD) Extra bonus unit rebates (HKD) Accumulated extra bonus unit rebates (HKD) Accumulated basic and extra bonus unit rebates (HKD)
1 3,000 100 100 50 50 150
2 30,000 200 300 100 150 450
3 60,000 300 600 150 300 900
4 120,000 800 1,400 400 700 2,100
5 180,000 1,600 3,000 800 1,500 4,500

From now until 31 March 2024, you can enjoy up to HKD3,000 basic bonus unit rebates (‘Basic TVC bonus’) when you make prescribed TVC contributions with HSBC MPF or transfer prescribed TVC accrued benefits from other MPF schemes to HSBC MPF. The more you contribute or transfer to us, the more bonus unit rebates you will enjoy.
 

If you are an employee of one of the 2017-18, 2018-19, 2019-20, 2020-21, 2021-22 or 2022-23 MPFA Good MPF Employers on the day of opening your HSBC MPF TVC account, you can enjoy extra 1.5 times of bonus unit rebates (‘Extra TVC bonus’), equivalent of up to HKD4,500 bonus unit rebates.

 

Based on your contributions or transfer-in amount during promotional period, you’ll qualify for different levels of rebates:

Tier 1
Cumulative TVC contributions made / transferred to HSBC MPF (HKD)
3,000
Basic bonus unit rebates (HKD)
100
Accumulated basic bonus unit rebates (HKD) 100
Extra bonus unit rebates (HKD) 50
Accumulated extra bonus unit rebates (HKD) 50
Accumulated basic and extra bonus unit rebates (HKD) 150
Tier 2
Cumulative TVC contributions made / transferred to HSBC MPF (HKD)
30,000
Basic bonus unit rebates (HKD)
200
Accumulated basic bonus unit rebates (HKD) 300
Extra bonus unit rebates (HKD) 100
Accumulated extra bonus unit rebates (HKD) 150
Accumulated basic and extra bonus unit rebates (HKD) 450
Tier 3
Cumulative TVC contributions made / transferred to HSBC MPF (HKD)
60,000
Basic bonus unit rebates (HKD)
300
Accumulated basic bonus unit rebates (HKD) 600
Extra bonus unit rebates (HKD) 150
Accumulated extra bonus unit rebates (HKD) 300
Accumulated basic and extra bonus unit rebates (HKD) 900
Tier 4
Cumulative TVC contributions made / transferred to HSBC MPF (HKD)
120,000
Basic bonus unit rebates (HKD)
800
Accumulated basic bonus unit rebates (HKD) 1,400
Extra bonus unit rebates (HKD) 400
Accumulated extra bonus unit rebates (HKD) 700
Accumulated basic and extra bonus unit rebates (HKD) 2,100
Tier 5
Cumulative TVC contributions made / transferred to HSBC MPF (HKD)
180,000
Basic bonus unit rebates (HKD)
1,600
Accumulated basic bonus unit rebates (HKD) 3,000
Extra bonus unit rebates (HKD) 800
Accumulated extra bonus unit rebates (HKD) 1,500
Accumulated basic and extra bonus unit rebates (HKD) 4,500

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

With the HSBC Online Banking and HK Mobile Banking app (HSBC HK App), you can manage your MPF anytime, anywhere.

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.

Awarded as the 'MPF Scheme of the Year 2023‘ and 'Employers' Choice 2023’[@mpf-rating-awards2023]

The ‘MPF Scheme of the Year’ recognises the best value-for-money MPF scheme as assessed by MPF Ratings, an independent provider of MPF research, views and education.

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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Open an MPF personal account and consolidate your MPF to enjoy up to HKD12,000 bonus unit rebates 

 

Explore our MPF options and find out how to manage your MPF accrued benefits easily 

 

Manage your MPF needs and benefits all in one place 

 

 
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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).