TVC

Accelerate your retirement reserve and enjoy tax benefits

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Product Overview

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$60,0001 each year?

Download product brochure & other information

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Highlight Features

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Free fund switching

Flexible fund switching options with unlimited free fund switching2

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Tax benefit

Enjoy tax deductions of up to HK$60,0001 each year

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Range of funds to choose from

Choose from among our comprehensive range of MPF funds, which cover all of your fixed income, equity, lifestyle and dynamic asset allocation needs.

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*Offers are subject to terms and conditions. For details, please refer to the relevant promotion information.
Bonus calculation and distribution: (i) The Bonus will be distributed by January 2028 according to the eligible member's latest investment mandate. (ii) The Bonus amount will be calculated based on the aggregated newly transferred-in MPF asset from other trustees that are fully settled during 1 October to 31 December 2026, provided that no withdrawal is made from 1 October 2026 up to the Bonus distribution date in January 2028. (iii) The Bonus will be allocated/credited to your account in the form of a unit/amount rebate4 and in accordance with your latest investment mandate as at the date of Bonus distribution.
 
Terms and conditions:
1. Upon successful enrolment into the MPFPA and TVC, members will be bound by all of the terms and conditions of the MPFPA and TVC as stated in the application form.
2. The Bonus is only applicable if the member's account remains active on the Bonus distribution date.
3. These offers cannot be used in conjunction with any other pre-existing offer(s).
4. For MPF funds (other than the Guaranteed Portfolio), which are unitised funds, the Bonus will be allocated in the form of units. For the Guaranteed Portfolio, which is not a unitised fund, the Bonus will be credited as a cash amount.

 
  • 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. 
  • Cheque^
  • Cheque Deposit Machine (Applicable to BOCHK/HSBC cheque deposit machines)
  • Direct Debit (autopay)
  • PPS (Internet and a tone phone service)
  • Internet Banking
  • Bank Automated Teller Machines (ATMs)
^ Please send the cheque to the eMPF Platform. 
 
Note: Make your payment with your "MPF Contribution Bill No." / "Submission Reference No." / eMPF "Member Account No." provided by the eMPF Platform. Failure to provide such information may result in delay or inability to process your contribution.
 
For details, please visit eMPF website. 


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 
Note:
  • 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. 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.