Open an MPF TVC account

Enjoy up to HKD3,000 bonus unit rebates

Tax-Deductible Voluntary Contributions (“TVC”) is a form of MPF contributions which can help you save money while enjoying tax deduction. The 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. In addition, up to HKD3,000 bonus unit rebates1 will be offered to a member upon successful opening of an HSBC MPF TVC account with designated TVC contributions.

HSBC MPF provides a range of MPF constituent fund with a one-stop online platform, allowing you to manage your MPF portfolio at ease while supporting you in your retirement planning:

Monitor and manage your MPF accounts

HSBC 1.23 Go Goal Day Lucky Draw

To enter the HSBC 1.23 Go Goal Day Lucky Draw, you are only required to book an appointment via the MPF online appointment booking system and meet with an MPF specialist in person during 23 January to 15 February 2022 (Lucky draw offer is only applicable to existing HSBC MPF customers as of 22 January 2022) . Terms and conditions apply.

Make an appointment

Special offer

From now until 31 March 2022, we will offer bonus unit rebates to your TVC account when you make TVC contribution with HSBC MPF. To be eligible for this offer, you must successfully open a new TVC account from 1 April 2021 to 31 March 2022. The more you contribute, the more you will receive!

Cumulative TVC paid / transferred to HSBC MPF from 1 Apr 2021 – 31 Mar 2022
Bonus rebates paid after reaching threshold
Accumulate bonus rebates
3,000 100 100
30,000 200 300
60,000 300 600
120,000 800 1,400
180,000 1,600 3,000


  • You make a HKD60,000 TVC contribution as a lump sum on 30 April 2021. So you will be entitled to HKD600 of rebates, which will be credited to your TVC account 3 months after your 6-month holding period ends on 30 October 2021.
  • You then make another HKD60,000 TVC contribution as a lump sum on 5 July 2021. You will then be entitled to another HKD800 of rebates, which will be credited to your TVC account 3 months after your 6-month holding period ends on 5 January 2022.

Terms and conditions apply, click here to see the related leaflet for more details.

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

Benefits to you

Other eligibility
Basic Bonus 1 Apr 2021 –
31 Mar 2022
A maximum bonus rebate of HKD3,000 Refer to Terms & Conditions
Extra Bonus 1 Apr 2021 –
31 Mar 2022
1.5 times of the rebates received under Basic Bonus If you are an employee of one of the 2017/18, 2018/19 or 2019/20 MPFA’s Good MPF Employers


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
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

Tax-deductible protection solutions

To further safeguard your health and wealth, explore other tax-deductible protection solutions, including Qualifying Deferred Annuity Plans (QDAPs) and Voluntary Health Insurance Scheme (VHIS) plans.

Learn more

Note: The above mentioned QDAPs are Qualifying Deferred Annuity Policies certified by the Insurance Authority of the Hong Kong SAR and the above mentioned VHIS plans are certified by Food and Health Bureau under the Voluntary Health Insurance Scheme. Both are underwritten by HSBC Life (International) Limited (incorporated in Bermuda with limited liability) (“HSBC Life”). They are insurance plans and are not equivalent or similar to any kind of bank deposit. Policyholders are subject to credit risk of HSBC Life.


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 content shared in this article should not be viewed as investment recommendation and advice. You should seek professional analysis and advice before making any decisions related to the information shared in this article.