Accelerate your retirement reserve and enjoy tax benefits


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MPF Tax Deductible Voluntary Contribution

MPF mandatory contributions alone may not be enough for a comfortable retirement. Why not consider joining the MPF Tax Deductible Voluntary Contribution Programme, so you can better prepare for your retirement while enjoying tax deductions of up to HK$60,000each year?

Highlight Features

  • an employee member of an MPF Scheme
  • a self-employed person of an MPF Scheme
  • a personal account holder of an MPF Scheme
  • a member of an MPF-exempted occupational retirement scheme (ORSO)

We offer several convenient payment methods for you to choose from. 

  • Complete the Direct Debit Authorisation Form and allow approximately 6 to 8 weeks for setting up the autopay. Until you receive a confirmation letter from us, you should settle your contribution payments by any of the following payment methods.
  • Please ensure the direct debit instruction is still valid and that there are sufficient funds in the designated bank account.

  • Make a crossed cheque payable to "AIA Co (Trustee) Ltd – Prime"
  • Deposit your cheque at any of the HSBC / BOCHK cheque deposit machines
  • Select "Bill Payment" service, "Merchant Name"^ and "Bill Type"^, enter the "Contribution Account No." and "Cheque Amount"
  • Post-dated cheques will not be accepted
  • Keep the Customer Advice for payment record

  • Select "Bill Payment" service, "Merchant Name"^ and "Bill Type"^, enter the "Contribution Account No."

  • Select "Bill Payment" service, "Merchant Name"^ and "Bill Type"^, enter the "Contribution Account No."

  • Make your payments by ATM card at any of the HSBC / Hang Seng Bank ATMs (applicable to HSBC account holders only) with "Bill Payment" signage, or at any JETCO ATMs (applicable to JETCO member banks' account holders only) with "Jet Payment" signage in Hong Kong
  • For HSBC / Hang Seng Bank ATMs, please select "Bill Payment" service, "Merchant Name"^ and "Bill Type"^, enter the "Contribution Account No."
  • For JETCO ATMs, please select "Bill Payment" service and "Merchant Code Entry”, key in Merchant Code "9135", Bill Type "05" and enter the "Contribution Account No."
  • Keep the Customer Advice for payment record

  • Use a tone phone (please call 18011 for bill registration and 18031 for bill payment) or visit the PPS website. The PPS merchant code of AIA MPF is "6347".
  • Enter the "Contribution Account No." and select "Bill Type"^

  • Pay in cash at any 7-Eleven Convenience Stores in Hong Kong with your dedicated QR code which can be downloaded at "Payment Submission" after logging into
  • The maximum limit for each transaction is HK$5,000
  • Keep the receipt for payment record

  • Write a crossed cheque payable to "AIA Co (Trustee) Ltd – Prime", mark the Plan No. and Member Account No. on the back of your cheque, and send the cheque to 8/F, AIA Financial Centre, 712 Prince Edward Road East, Kowloon, Hong Kong
  • Allow sufficient postage
  • Do not send cash
  • Post-dated cheques will not be accepted
  • Send the cheque directly to us rather than through intermediary


  • Download your dedicated QR Code at "Payment Submission" after logging into
  • Use the QR code to make payments with the banking apps 
*Payments made on or before 11:59 p.m. will be treated as received on the current day, except for deferred payments
^Merchant Name: "AIA MPF", Bill Type: "05" (for TVC contributions only)

The withdrawal conditions are the same as those for mandatory contributions. You can withdraw the TVC benefits under the following conditions:
  • Attaining the age of 65 / early retirement (attaining the age of 60 and ceased all employment/self-employment with no intention of becoming employed or self-employed again)
  • Death
  • Small balances
  • Permanent departure from Hong Kong
  • Total incapacity
  • Terminal illness 
  • The above information is for reference only and is not and should not be taken as financial or investment advice, offer or solicitation to subscribe for any investment products (including MPF scheme). Investment involves risk, investment performance and returns may go down as well as up, and past performance is not indicative of future performance. Not all investment choices provided by AIA would be suitable for everyone. Before making any investment decision, you must carefully assess your own risk tolerance level and financial circumstances, and refer to the relevant MPF Scheme Brochure for details (including risk factors and charges). If you are in doubt about the above information, you should seek independent professional advice. The above information has not been reviewed by the SFC.
  1. This tax deductible limit is an aggregate limit for both Tax Deductible Voluntary Contributions and Qualifying Annuity Premiums. Tax deductions do not equate to a direct deduction from total tax payable. As tax deduction amounts can vary according to different individuals' situations, for all MPF Tax Deductible Voluntary Contributions and Qualifying Annuity Premiums deductions, please refer to the Inland Revenue Department. AIA and its intermediaries do not provide tax or accounting advice and you should consult your own tax and accounting advisors for any tax or accounting advice.
  2. The end date for the assessment period of the above awards is 31 December 2023 and the awards are for reference only. The ratings and awards are given on the basis of MPF Ratings' assessment criteria. Assessment criteria include, but are not limited to, investment performance, scheme governance, fund choice, administration and management, financial education, and use of applied technology, Assets Under Management, ease of use of online platforms, contribution payment methods and ease of use, and promotion of environmentally friendly measures, etc.
  3. Please click here for MPF Ratings' assessment criteria.
  4. Funds with a Fund Expense Ratio (FER) of ≦1.3% or management fees, plus guarantee charges if applicable, of ≦1%. Source: MPFA website, data as at 28 February 2023.
  5. Per annum of net asset value.
  6. Except for Guaranteed Portfolio which participants are permitted to raise only one switch request out of this fund to other fund(s) within the same scheme year. Switches or reallocations via the Interactive Voice Response System or Interactive Website are free of charge, but subject to an access fee (which is currently waived).
  7. Terms & conditions apply, please refer to the programme brochure.