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Sweet girl; image used TVC accounts.

Save more, pay less

Enjoy tax deduction and be blessed with more precious moments!

To help you to save even more, we are now offering up to HKD3,0001 bonus unit rebates to you if you open a TVC account and make contribution with HSBC MPF!  (terms and conditions apply)

 

For details of the bonus rebates offers, you can click here to view the related leaflet or read the information below.

From 1 April 2021 to 31 March 2022, we will off­er you bonus unit rebates ('Basic TVC bonus') to your TVC account if you contribute TVC with HSBC MPF. The more you contribute the more you will receive.

To be eligible for the promotion, customers ('Eligible Customers') must be new TVC account holders who have submitted 'Tax Deductible Voluntary Contributions Account Holder Application Forms' and successfully opened new TVC account from 1 April 2021 to 31 March 2022 ('Promotion Period').

If you are an employee of one of the 2017-18, 2018-19, 2019-20 or 2020-21MPFA Good MPF Employers on the day of opening your HSBC MPF TVC Account, your rebate amounts will be increased to 1.5 times ('Extra TVC bonus') of the rebate amount under Basic TVC bonus, so the maximum rebates for you can be up to HKD4,500 !

Detailed terms and conditions of the above offer are set out in the Appendix.

Table 1

Tier
Cumulative TVC paid / transferred to HSBC MPF during 1 April 2021 to 31 March 2022
(HKD)

Basic TVC bonus paid after reaching threshold

(HKD)

Accumulated Basic TVC bonus (HKD)

Extra TVC bonus for employee of

MPFA Good Employers (HKD)

Accumulated Basic TVC bonus & Extra

TVC bonus (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

Table 1

Tier
1
Cumulative TVC paid / transferred to HSBC MPF during 1 April 2021 to 31 March 2022
(HKD)
3,000

Basic TVC bonus paid after reaching threshold

(HKD)

100

Accumulated Basic TVC bonus (HKD)

100

Extra TVC bonus for employee of

MPFA Good Employers (HKD)

50

Accumulated Basic TVC bonus & Extra

TVC bonus (HKD)

150
Tier
2
Cumulative TVC paid / transferred to HSBC MPF during 1 April 2021 to 31 March 2022
(HKD)
30,000

Basic TVC bonus paid after reaching threshold

(HKD)

200

Accumulated Basic TVC bonus (HKD)

300

Extra TVC bonus for employee of

MPFA Good Employers (HKD)

100

Accumulated Basic TVC bonus & Extra

TVC bonus (HKD)

450
Tier
3
Cumulative TVC paid / transferred to HSBC MPF during 1 April 2021 to 31 March 2022
(HKD)
60,000

Basic TVC bonus paid after reaching threshold

(HKD)

300

Accumulated Basic TVC bonus (HKD)

600

Extra TVC bonus for employee of

MPFA Good Employers (HKD)

150

Accumulated Basic TVC bonus & Extra

TVC bonus (HKD)

900
Tier
4
Cumulative TVC paid / transferred to HSBC MPF during 1 April 2021 to 31 March 2022
(HKD)
120,000

Basic TVC bonus paid after reaching threshold

(HKD)

800

Accumulated Basic TVC bonus (HKD)

1,400

Extra TVC bonus for employee of

MPFA Good Employers (HKD)

400

Accumulated Basic TVC bonus & Extra

TVC bonus (HKD)

2,100
Tier
5
Cumulative TVC paid / transferred to HSBC MPF during 1 April 2021 to 31 March 2022
(HKD)
180,000

Basic TVC bonus paid after reaching threshold

(HKD)

1,600

Accumulated Basic TVC bonus (HKD)

3,000

Extra TVC bonus for employee of

MPFA Good Employers (HKD)

800

Accumulated Basic TVC bonus & Extra

TVC bonus (HKD)

4,500

Example:

  • You pay TVC on 30 April 2021 of HKD60,000 as a lump sum. So you will be entitled to HKD600 of rebates, credited to your TVC account within 3 months after 30 October 2021
  • You then pay further TVC on 5 July 2021 of HKD60,000 as a lump sum. You will then be entitled to another HKD800 of rebates, credited to your TVC account within 3 months after 5 January 2022

Remarks:

1Based on a member contributing HKD180,000 of TVC from 1 April 2021 to 31 March 2022

Appendix – Terms and conditions on ‘MPF TVC Bonus Unit Rebate O­ffer’

Terms and conditions

1. The Bonus Unit Rebate Offer sets out in this leaflet is provided by The Hongkong and Shanghai Banking Corporation Limited (‘HSBC’).

2. All members are required to register through an HSBC MPF Specialist.

3. The Promotion Period for Basic TVC bonus is from 1 April 2021 to 31 March 2022. To be eligible for the promotion, customers (’Eligible Customers’) must be new TVC account holders who have submitted the 'Tax Deductible Voluntary Contributions Account Holder Application Forms' and successfully opened a new TVC account from 1 April 2021 to 31 March 2022.

4. For Basic TVC bonus, please refer to below:

• This offer is available for the member’s HSBC TVC account (‘TVC Account’).

• A member will receive bonus units worth the amounts as stated in Table 1 above, based on the cumulative TVC contributions paid or transferred into a HSBC MPF TVC Account, from 1 April 2021 to 31 March 2022, as per the conditions set out below:

i. After the accumulative TVC contributions paid or transferred has reached each of the contribution thresholds as set out in Table 1, the corresponding bonus units will be credited to the member’s TVC Account after a Holding Period (see below).

ii. The holding period for each contribution threshold is 6 months from the day that the contribution threshold has been met and such contribution or transferred-in TVC balance has been successfully allocated in the member’s TVC Account (the ‘Holding Period’).

iii. The member has not transferred out or withdrawn any MPF accrued benefits from the member’s TVC Account before the bonus units are allocated.

iv. For transferred-in TVC, the corresponding TVC accrued benefits have to be from other MPF schemes (Non-HSBC and non-Hang Seng MPF schemes).

• The bonus units will be credited to the member’s TVC Account according to (i) the investment choices(s) of the above TVC Account and (ii) the unit prices of the relevant Constituent Fund(s) as of the date of allocation, which is any business day within the next 3 months after the Holding Period relevant to the bonus units for each of the contribution thresholds.

• Each member is entitled to the relevant bonus units of this offer based on the cumulative TVC contributions paid or transferred into a HSBC TVC Account as listed in Table 1 ONE time only. The bonus units will be credited to the member’s TVC Account in the HSBC Mandatory Provident Fund Scheme – SuperTrust Plus (the 'SuperTrust Plus'). If a member has transferred his TVC Account from the SuperTrust Plus to a TVC Account under another provider, and then subsequently transferred back into a TVC Account under the SuperTrust Plus, this offer will only apply to the relevant bonus units as listed in Table 1 starting from the threshold that the member has not been entitled previously.

5. For Extra TVC bonus, the additional rebates you will be entitled to are 50% of your entitlement under Basic TVC bonus, and the additional rebates will be paid at the same time as the corresponding rebates under Basic TVC bonus. Eligibility condition of Extra TVC bonus will be established based on your employment status at the time you open your TVC Account.

6. For Basic TVC bonus and Extra TVC bonus, the member shall not receive any bonus units if his / her corresponding MPF account(s) has / have been cancelled or terminated before the bonus units are allocated.

7. Upon allocation of the bonus units to a member’s MPF account, a confirmation shall be sent to the relevant member within the next month after the date of allocation of the bonus units.

8. Bonus units allocated to a member’s MPF account are part of the account balance and shall be subject to the appropriate fees and charges applicable to the SuperTrust Plus. For details of the fees and charges, please refer to the MPF Scheme Brochure.

9. The bonus unit payout will be reflected as ‘Special Bonus’ in the Mandatory Provident Fund Member Benefit Statement for the scheme financial period of the SuperTrust Plus.

10. No bonus unit shall be credited to the member’s eligible Personal Account and / or TVC Account if the bonus unit are less than 0.001 units for a respective constituent fund.

11. The bonus unit allocation shall not be in the form of cash or cash equivalent at the time of payout.

12. If there is more than one prevailing promotional offer with respect to the same product or service (including an offer made available under a Direct Mailer programme), a member will only be entitled to the offer under one of the promotions (unless otherwise specified). Only one promotional offer (as determined in the sole discretion of HSBC) will be granted.

13. In the event of any disputes arising from the entitlement of the bonus unit, the decision of HSBC should be final and conclusive.

14. HSBC reserves the right to change these terms and conditions at any time and the offers may be withdrawn and / or terminated by HSBC at its discretion without prior notice to the member(s).

15. Should there be any discrepancy between the English and Chinese versions of these terms and conditions, the English version shall apply and prevail.

16. These terms and conditions are governed by, and construed in accordance with, the laws of the Hong Kong Special Administrative Region.

Additional voluntary contributions, Flexi-Contributions and tax deductible voluntary contributions are accepted at the discretion of the Trustee. The Trustee reserves the absolute right not to accept any additional voluntary contributions, Flexi-Contributions and tax deductible voluntary contributions at any time.

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.

The information shown in this publication is for illustrative purposes only. You are advised to exercise caution in relation to tax matters and this document. It is not intended to provide any form of tax advice. HSBC does not provide tax advice. If you are in doubt about any of the contents of this publication, you should obtain independent professional advice.

Customers have a right to request that his / her personal data are not to be used for direct marketing purposes. Requests can be made in writing to the Data Protection Officer, HSBC Provident Fund Trustee (Hong Kong) Limited, c / o The Hongkong and Shanghai Banking Corporation Limited, PO Box 73770, Kowloon Central Post Office.

Issued by The Hongkong and Shanghai Banking Corporation Limited

Important 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.
  • lnvestment involves risks. Past per 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.