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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.

Offer 1

Over the campaign period (1 April 2019 to 31 March 2022), we will offer you bonus rebate units to your TVC account if you contribute TVC with HSBC MPF. The more you contribute the more you will receive.  

Table 1

Cumulative TVC paid / transferred to HSBC MPF over campaign period

(HKD)

Bonus rebates paid after reaching threshold

(HKD)

Accumulate bonus rebates 

(HKD)

3,000
100 100
30,000
200 300
60,000
300 600
120,000 800 1,400
180,000 1,600 3,000
Table 1

Cumulative TVC paid / transferred to HSBC MPF over campaign period

(HKD)

3,000

Bonus rebates paid after reaching threshold

(HKD)

100

Accumulate bonus rebates 

(HKD)

100

Cumulative TVC paid / transferred to HSBC MPF over campaign period

(HKD)

30,000

Bonus rebates paid after reaching threshold

(HKD)

200

Accumulate bonus rebates 

(HKD)

300

Cumulative TVC paid / transferred to HSBC MPF over campaign period

(HKD)

60,000

Bonus rebates paid after reaching threshold

(HKD)

300

Accumulate bonus rebates 

(HKD)

600

Cumulative TVC paid / transferred to HSBC MPF over campaign period

(HKD)

120,000

Bonus rebates paid after reaching threshold

(HKD)

800

Accumulate bonus rebates 

(HKD)

1,400

Cumulative TVC paid / transferred to HSBC MPF over campaign period

(HKD)

180,000

Bonus rebates paid after reaching threshold

(HKD)

1,600

Accumulate bonus rebates 

(HKD)

3,000

Example:

  • You pay TVC on 1 December 2019 of HKD60,000 as a lump sum. So you will be entitled to HKD600 of rebates, credited to your TVC account 3 months after 1 June 2020;
  • You then pay further TVC on 1 July 2020 of HK$60,000 as a lump sum.  You will then be entitled to another HKD800 of rebates, credited to your TVC account 3 months after 1 Jan 2021.

Offer 2

The 2019 account consolidation bonus unit offer (previously called Offer 2 with campaign period from 1 April 2019 to 31 March 2020) has been expired. You can now enjoy additional bonus unit rebate according to 2020 account consolidation offer. Please check with our MPF specialist or visit www.hsbc.com.hk/mpf/bonus-unit-offer for details.

Offer 3

To support the MPFA Good MPF Employer Award, we will offer you even more bonus unit rebate if you are an employee of one of the 2017-18, 2018-19 or 2019-202 MPFA Good MPF Employers on the day of opening your HSBC MPF TVC Account.   If you are qualified for this offer, the rebate amounts under Offer 1 will be increased to 1.5 times of the stated amounts above, so the maximum rebates you can get through both offers is HKD4,500!

You can check if your employer is one of the awardees of 2017-18, 2018-19 or 2019-202 Good MPF Employer Award on the MPFA’s website www.mpfa.org.hk.

Remarks:

1Based on a member contributing HKD180,000 of TVC over the Campaign Period

2Awardee list for 2019-20 will be available from September 2020

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

Open an HSBC TVC account for contribution now!

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

  1. The Bonus Unit Offer set 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. For Offer 1, the promotion period is up to 31 March 2022 (the ‘Campaign Period 1’). 
  4. For Offer 1, 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 TVC Account, 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 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.  In the case of a member having TVC Accounts in more than one HSBC MPF schemes, the cumulative TVC contributions will include all TVC contributions paid to all of the HSBC MPF schemes, and the bonus units will all be credited to the member’s TVC Account in the HSBC Mandatory Provident Fund Scheme – SuperTrust Plus.   On the other hand, if a member has transferred his TVC Account from a HSBC MPF scheme or a Hang Seng MPF scheme to a TVC Account under another provider, and then subsequently transferred back into a TVC Account under the HSBC MPF scheme, 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 Offer 3, the additional rebates you will be entitled to are 50% of your entitlement under Offer 1, and the additional rebates will be paid at the same time as the corresponding rebates under Offer 1.  Eligibility condition of Offer 3 will be established based on your employment status at the time you open your TVC Account.
  6. For all both offers, 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 relevant HSBC Mandatory Provident Fund schemes. 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 relevant scheme.
  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. In the event of any disputes arising from the entitlement of the bonus unit, the decision of HSBC should be final and conclusive.
  13. 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).
  14. Should there be any discrepancy between the English and Chinese versions of these terms and conditions, the English version shall apply and prevail.
  15. 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.