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Tax Deductible Voluntary Contributions ("TVC")

In these times of longer life expectancy and higher inflation, reaching your retirement goals has become more challenging than ever. But now there's a new way to boost your retirement reserves, by setting up a Tax Deductible Voluntary Contributions ("TVC") account for making additional MPF contributions. Doing so may help you achieve long-term financial security and enjoy an uncompromised lifestyle after retirement!

*The actual amount of tax saving varies and depends on your net taxable income and the applicable tax rate.

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What is Tax Deductible Voluntary Contribution ("TVC")?

Tax Deductible Voluntary Contribution ("TVC") is a type of MPF contributions which is tax-deductible under salaries tax and personal assessment in the existing MPF system. TVC is designed to fortify your retirement reserves, so it is subject to the preservation requirement applicable to mandatory contributions and can only be withdrawn upon scheme member's reaching age 65 or on other statutory grounds under the MPF legislation.

TVC account is exclusively designed for

  • a current holder of contribution account or a personal account of an MPF scheme; or
  • a current member of an MPF exempted ORSO scheme

To learn more about TVC, please click here to watch the video.

With a Manulife TVC account, you will enjoy these advantages

At Manulife, we provide a comprehensive platform with 29 constituent funds and the Default Investment Strategy ("DIS") under Manulife Global Select (MPF) Scheme to cater to your unique investment needs and preferences.

Tax concession

•  The maximum tax-deductible amount is HK$60,000 per assessment year under salaries tax and personal assessment*. 


*This is an aggregate limit for both TVC and other qualifying deferred annuity premiums. The actual amount of tax saving varies and depends on your net taxable income and the applicable tax rate

Flexible contribution arrangements

•  start with as little as HK$300 per month or a minimum lump sum contribution of HK$3,000

•  adjust the contribution amount and frequency according to your own situation

•  free to choose between monthly and/or with a lump sum contributions

Click here to read the leaflet now.


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What's More

Offers you a wide range of constituent funds for an investment portfolio that can be tailored to individual needs and risk appetites, backed by all-round MPF services. You can select from a comprehensive MPF platform offering 29 different constituent funds, ranging from equity funds (international, regional, single-market and sector), bond funds (international, regional and single-market), mixed assets funds (lifestyle and target date), guaranteed funds to money market fund. Besides, the Default Investment Strategy (“DIS”) is also one of the available investment choices for you as required by the legislative requirement.

Learn more

Warning: Investment involves risks. Please refer to the MPF Scheme Brochure for details including risk factors, fees and charges of the scheme.

For enquiries, click here to make an appointment with the professional Standard Chartered MPF Specialists.