Instant account opening via phone

Call 31280128 to open a Tax Deductible Voluntary Contribution (TVC) account
instantly, eligible for existing MPF customers

New customers can contact MPF Specialist via hotline or click here

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To help you to utilise the Tax Deductible Voluntary Contributions (“TVC”) arrangement as implemented by the HKSAR government on 1 April 2019, and help you save 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)

Overview of the offers

    Basic BonusOffer 1 Extra BonusOffer 3
Promotion period 1 Apr 2019 –
31 Mar 2022
1 Apr 2019 –
31 Mar 2022
Benefits to you A maximum bonus rebate of HKD3,000 1.5 times of the rebates received under Basic BonusOffer 1
Eligibility The more you contribute, the more rebates you will receive If you are an employee of one of the 2017/18 or 2018/19 MPFA’s Good MPF Employers

Open an HSBC MPF TVC account now to enjoy up to HKD3,000 bonus unit rebates

Please call our HSBC MPF Member Hotline on 3128 0128 or contact MPF Specialist

Contact us

Basic BonusOffer 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.

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

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.

 

Click here to see the related leaflet for more details.

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

 

Basics of MPF TVC

What is TVC?

TVC is a new form of contribution through which you can save more. Any contributions you make to this TVC account (up to an annual limit of HKD60,000) will be counted as a deductible item when you report your taxable income. The balance of your TVC account will be available for withdrawal when you retire at 65, or when you meet other withdrawal conditions which are the same as your mandatory contribution accounts.

Who can open a TVC account?
In general, any person who falls under any one of the following categories may open a TVC account:
  • an employee member of an MPF scheme;
  • a self-employed person member of an MPF scheme;
  • a personal account holder of an MPF scheme;
  • a member of an MPF exempted ORSO scheme.

Each eligible person can only have one TVC account under an MPF scheme.

Why shall I contribute TVC?

TVC is a tax-efficient way to save more for your retirement. You shall consider contributing to a TVC if you want to:

  • save more and reduce your tax burden – let the Government help you to build up your retirement pot!
  • have flexibility in your saving plan – with TVC, you have the flexibility to contribute as much or as little* as you wish, and at any time you want.
  • take control – with TVC, you take control on how you invest your money to make the best out of it.

*Subject to minimum of HKD300 per month for regular contributions, or HKD1,000 for lump sum contributions.

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

TVC is one of the three ways that you may contribute more to your MPF voluntarily. Key differences are described below:

  Employee Voluntary Contributions Flexi-Contributions TVC
Payment method via employer payroll directly from you directly from you
Payment frequency regularly (usually) regularly or lump sum regularly or lump sum
Tax-deductible
Withdrawal conditions usually at termination of employment anytime* same condition as MPF mandatory contributions

*Subject to the prevailing terms and conditions set by the MPF provider

Important notes

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.

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.

Investments involve 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 Hongkong and Shanghai Banking Corporation Limited is the Sponsor and Administrator of HSBC MPF scheme.

Issued by The Hongkong and Shanghai Banking Corporation Limited.

Apart from using the comprehensive platform in HSBC MPF to manage your MPF accounts, you can now enjoy bonus unit rebate by consolidating your MPF account(s) to HSBC MPF.

You can enjoy up to HKD12,000 bonus unit rebate upon successful transfer of MPF accrued benefits from personal accounts with other MPF providers or, via an Employee Choice Arrangement or, through transfer of a Minimum MPF Benefits from an ORSO scheme, into an HSBC MPF personal account. Different levels of accumulated transfer-in amount within the promotion period (1 January 2020 to 31 December 2020) will qualify you for different levels of rebates, as per the table below:

Enjoy up to HKD12,000 special bonus unit

Please call our HSBC MPF Member Hotline on 3128 0128 or contact MPF Specialist

Contact us

Your cumulative transfer-in MPF accrued benefits is HKD108,000, reaching the requirement of tier 2. Therefore your accumulated bonus unit rebates from this programme is HKD500.

 

Benefits of consolidating your MPF accounts

You may get a new MPF account every time you move to a new employer. Managing them all separately can be a hassle, especially when you haven’t checked the account(s) for a while, you may forget the account details. It's time saving for you to bring all accounts together in one place for easier management.

Holistic retirement planning in one account

One instruction to switch constituent funds

Comprehensive support from our MPF specialists

Important Notes
  • The HSBC Mandatory Provident Fund – SuperTrust Plus is a mandatory provident fund scheme.

  • You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of funds, you are in doubt as to whether a certain fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the fund(s) most suitable for you taking into account your circumstances.

  • You should consider your own risk tolerance level and financial circumstances before making any investment choices or investing in the MPF Default Investment Strategy (the ‘DIS’). You should note that the DIS Constituent Funds, namely, the Core Accumulation Fund and the Age 65 Plus Fund, the DIS or a certain Constituent Fund may not be suitable for you. There may be a risk mismatch between the DIS Constituent Funds or a certain Constituent Fund and your risk profile (the resulting portfolio risk may be greater than your risk preference). When you are in doubt as to whether the DIS or a certain Constituent Fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice. You should make the investment decision most suitable for you taking into account your circumstances.

  • You should note that the implementation of the DIS may have an impact on your MPF investments and accrued benefits. We recommend that you consult with the Trustee if you have doubts on how you are being affected.

  • The Guaranteed Fund invests solely in an APIF in the form of an insurance policy provided by HSBC Life (International) Limited. The guarantee is also given by HSBC Life (International) Limited. Your investments in the Guaranteed Fund, if any, are therefore subject to the credit risks of HSBC Life (International) Limited. Please refer to section 4 ‘Risks’ of the MPF Scheme Brochure for details of the credit risk.

  • The guarantee in the Guaranteed Fund only applies under certain conditions. Please refer to subsection 3.4.3(f) ‘Guarantee features’ of the MPF Scheme Brochure for details of the guarantee features (including in the context of payment of accrued benefits in instalments) and the ‘Guarantee Conditions’.

  • MPF Benefits, AVC Benefits and TVC Benefits are payable on a Member’s 65th birthday or on early retirement on or after reaching age 60. The accrued benefits can be paid in one lump sum or in instalments, at the Member’s election. The accrued benefits can be paid in such form and on such terms and conditions as the Trustee may, to the extent not prohibited by the MPF Ordinance or General Regulation, prescribe. Please refer to subsection 6.7(c) ‘Payment of MPF Benefits, AVC Benefits and TVC Benefits’ of the MPF Scheme Brochure for details.

  • You should not invest based on the information shown on this website alone and should read the MPF Scheme Brochure.

  • 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.

  • Important – if you are in doubt about the meaning or effect of the contents of the MPF Scheme Brochure, you should seek independent professional advice.

How to enrol

Please call our HSBC MPF Member Hotline on 3128 0128 or contact our MPF Specialist

Please refer to MPF Scheme Brochure which contains more detailed information about HSBC Mandatory Provident Fund – SuperTrust Plus including information on the fund structure, risk involved, fee table and of our ability to alter these fees and charges in the future.

Terms and Conditions

  1. The Special Bonus Unit offer 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 of this offer is from 1 January 2020 to 31 December 2020 (the ‘Promotion Period’) (both days inclusive).
  4. Please refer to below for the offer conditions:

    • This offer is available for the member’s HSBC MPF personal account (‘Account’).
    • A member will receive bonus units according to the aggregate transfer-in amount received within the Promotion Period in corresponding tier in his / her eligible account if all the following requirements are met:
      1. The MPF accrued benefits / Minimum MPF Benefits has to be transferred successfully within the Promotion Period after the submission of the Employee Choice Arrangement (‘ECA’)- Transfer Election Form / Scheme Member’s Request for Fund Transfer Form / Scheme Member’s Request for Account Consolidation Form / Minimum MPF Benefits Transfer Form (the ‘Transfer-in Transaction Period’).
      2. The holding period is 6 months from the day the MPF accrued benefits / Minimum MPF Benefits has been met and successfully transferred (the ‘Transfer-in Holding Period’).
      3. The member has not transferred out or withdrawn any MPF accrued benefits / Minimum MPF Benefits of the member’s Account before the bonus units are allocated and during the Holding Period.
      4. The member’s MPF accrued benefits has to be from other MPF schemes (Non-HSBC and non-Hang Seng MPF schemes).
      5. The member’s Minimum MPF Benefits apply to all Trustees.
      6. The bonus unit payout is based on the transfer-in amount of the member's MPF accrued benefits / Minimum MPF Benefits within the Transfer-in Transaction Period.
    • The bonus units will be credited to the Sub-Account as ‘Preserved MPF Transfer’ according to (i) the investment choices(s) of the above personal Sub-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 2 months after the Transfer-in Holding Period.
    • Each Account is entitled to the bonus units of this programme ONE time only.
  5. The member shall not receive any bonus units if his / her Account has been cancelled or terminated before the bonus units are allocated.
  6. Upon allocation of the bonus units to the member’s Account, a confirmation shall be sent to the relevant member within the next month after the date of allocation of the bonus units.
  7. The bonus units allocated to the member’s Account are part of the account balance and shall be subject to the appropriate fees and charges applicable to the HSBC Mandatory Provident Fund – SuperTrust Plus. For details of the fees and charges, please refer to the MPF Scheme Brochure.
  8. The bonus unit payout will be reflected as ‘Special Bonus’ in the Mandatory Provident Fund Member Benefit Statement for the financial period of the scheme.
  9. The bonus unit allocation shall not be in the form of cash or cash equivalent at the time of payout.
  10. In the event of any disputes arising from the entitlement of the bonus unit, the decision of HSBC should be final and conclusive.
  11. HSBC reserves the right to change these terms and conditions at anytime and the offer may be withdrawn and / or terminated by HSBC at its discretion without prior notice to the member(s).
  12. Should there be any discrepancy between the English and Chinese versions of these terms and conditions, the English version shall apply and prevail.
  13. These terms and conditions are governed by, and construed in accordance with, the laws of the Hong Kong Special Administrative Region.
  14. This offer is subject to the terms and conditions.

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.

Investment involves risks. Past performance is not indicative of future performance. For further details, including the product features and risks involved, please refer to the MPF Scheme Brochure.

Contact us to understand more about our comprehensive e-Services

Please call our HSBC MPF Member Hotline on 3128 0128 or contact MPF Specialist

Contact us

HSBC HK Mobile Banking app

We have brought MPF features to our HSBC HK Mobile Banking app to help you manage your MPF account anytime, anywhere. Download the latest version to experience the key new MPF features now.

  • View MPF account balances and asset distribution
  • Look over MPF constituent funds cumulative performance
  • Straight through fund switching instruction

Online managing your MPF account

Whether you’re an employee, a self-employer person, a personal account or Tax Deductible Voluntary Contributions account holder, you can manage your MPF account through HSBC Personal Internet Banking easily.

 

If you’re already a registered internet banking user, your MPF account will be linked automatically using the document number provided during registration (for example HKID card or passport). Simply use the same login and password to access and manage your wealth portfolio and MPF account at the same time.

If you’ve not registered internet banking, you can do so with your ATM PIN, phone banking PIN, credit card PIN or your MPF details and start managing your MPF online.

How to register online banking

MPF eStatement & eAdvice service

You will be able to view and download your electronic MPF member benefit statements through internet banking anytime, anywhere and receive HSBC MPF updated advice after you registered the MPF eStatement & eAdvice service.

How to register MPF eStatement & eAdvice service

Email notification

We will send an email notification to employees with registered email address when we’ve processed the contributions from employers. Employees can register or update their email addresses using personal details change form

HSBC MPF WeChat Official Account

HSBC MPF brings customers a brand new self-service experience by extending our service to WeChat platform. Key highlights of our WeChat account includes:

  • Virtual Assistant ‘Emma’ to provide answers for general enquiry anytime, anywhere
  • Easy access to HSBC MPF information and latest updates
  • Tips on MPF account management and retirement planning
  • Available on both Android and iPhone platforms
 

Act now! Search WeChat ID “HSBCMPF” to follow our HSBC MPF WeChat Official Account! For further details, please refer to HSBC MPF WeChat Official Account dedicated page

For details on the e-Services, you can contact HSBC MPF Member Hotline at 3128 0128 to learn more.

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  • App Store is a service mark of Apple Inc.
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