Now you can have it both ways - save more for retirement, pay less tax*.
Retire without compromise!
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.
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reserves, so it is subject to the preservation requirement applicable to mandatory contributions and can only be withdrawn upon scheme member's reaching age 65 or on other statutory grounds under the MPF legislation.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
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.
Warning: Investment involves risks. Please refer to the MPF Scheme Brochure and Key Scheme Information Document (KSID) for details including risk factors, fees and charges of the scheme.