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Tax Deductible Voluntary Contributions (TVC) account

Open an HSBC MPF TVC account and make TVC contributions to enjoy a maximum tax-deductible amount of HKD60,000

Enjoy tax deduction and bonus unit rebate at the same time with MPF Tax Deductible Voluntary Contributions

Save towards your retirement while enjoying a maximum tax-deductible amount of HKD60,000 with Tax Deductible Voluntary Contributions (TVC).

What's more, enjoy a bonus unit rebate of up to HKD4,500 when you successfully open a new HSBC MPF TVC account and make TVC contributions with HSBC MPF or transfer TVC accrued benefits from other MPF schemes to HSBC MPF[@mpf-tvc-accrued-benefits].

Get a bonus unit rebate of up to HKD4,500

From 1 April 2025 to 31 March 2026, you can enjoy a bonus unit rebate of up to HKD4,500 when you successfully open a new HSBC MPF TVC account and make TVC contributions with HSBC MPF or transfer TVC accrued benefits from other MPF schemes to HSBC MPF[@mpf-tvc-accrued-benefits].
Investment involves risks. T&Cs apply.

TVC Offer for new customers[@mpf-tvc-offer-new-customer]

From 1 April 2025 to 31 March 2026, you can enjoy a basic bonus unit rebate of up to HKD3,000 ('Basic TVC Offer') when you successfully open a new HSBC MPF TVC account and make TVC contributions with HSBC MPF or transfer TVC accrued benefits from other MPF schemes to HSBC MPF[@mpf-tvc-accrued-benefits]. The more you contribute or transfer to us, the more bonus unit rebate you will enjoy.

If you are an employee of MPFA Good MPF Employers on the day of opening your HSBC MPF TVC account[@mpf-mpfa-good-employer], you can enjoy extra 1.5 times of bonus unit rebate ('Extra TVC Offer'), equivalent of a bonus unit rebate of up to HKD4,500.

Basic TVC Offer – a basic bonus unit rebate of up to HKD3,000 

Extra TVC Offer – a bonus unit rebate of up to HKD4,500 

Investment involves risks. T&Cs apply.

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

A maximum tax-deductible amount of HKD60,000 from your assessable income

Manage your MPF accounts at your fingertips

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 the '2025 MPF Scheme of the Year' & '2025 Employers' Choice'[@mpf-rating2024]

The only MPF provider in Hong Kong that has been crowned both the 'MPF Scheme of the Year' & 'Employers' Choice' for 3 consecutive years[@mpf-rating2024].

Note: Scheme administration services are provided by the eMPF Platform. These include the processing of MPF scheme enrolments, contributions, and member investment instructions. They also include the transfer and withdrawal of MPF benefits, and updates to personal details.

Got questions that are not related to scheme administration services?

Meet with us

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

Write to us

You can contact us through our online form.

Or you can email us at pensioncs@hsbc.com.hk.

Call us

Lines are open 24/7, every day. But if you need to speak to a specialist, you can reach one between these hours (except public holidays):

  • Mondays to Fridays, 8:30am and 7:30pm
  • Saturdays, 8:30am and 1pm

Our HSBC MPF member hotline number is +852 3128 0128.

For questions related to scheme administration services 

Please contact the eMPF Platform. They're available between these hours (except on public holidays):

  • Mondays to Fridays, 9am to 7pm
  • Saturdays, 9am to 1pm

You can call their eMPF customer service hotline on 183 2622.

For more ways to reach them, please visit the eMPF website.

Find out more

Can I make tax deduction arrangements for my voluntary contributions'? 

What is the difference between Employee Voluntary Contributions, Flexi-Contributions and TVC? 

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Notes

    Important information 

    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 with regards to information on the 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) and the Key Scheme Information Document (PDF).