As we step into 2026, the processes of account opening, contributions, and transferring accrued benefits have become more streamlined and efficient with all MPF schemes now fully migrated to the eMPF platform. This system makes it the ideal time for members to revisit or open a Tax-Deductible Voluntary Contributions (TVC) account and consider contributions before the annual deadline on 31 March 2026. Through TVC, members can enjoy tax deductions while enhancing their retirement protection conveniently.
A maximum tax deduction of up to HKD 60,000 per year is available for Tax-Deductible Voluntary Contributions (TVC) and qualifying deferred annuity policy (QDAP) premiums (where applicable) in aggregate. Depending on your tax band, this could translate into tax savings of up to HKD 10,200.
Beyond tax benefits, MPF also offers long term investment growth potential. Riding on the enhanced overall operational efficiency offered by the eMPF platform, TVC can serve as a valuable tool for both retirement planning and tax management.
Some providers are now offering incentives, most commonly bonus unit rebates, to encourage members to open new TVC accounts, increase contributions, or transfer accrued benefits. As rebate percentages and caps vary across providers, members should compare different offers based on their needs and fund preferences.
For those who already comfortable with their MPF scheme and fund choices, they can look out for their providers’ promotions and make additional contributions or arranging transfers during such campaigns. Taking advantage of rebate offers at the right time is an extra bonus—a win win opportunity.
While eMPF has significantly improved the overall efficiency of certain activities, some applications may still require several days—particularly those involving accrued benefits transfers, which may take longer.
Members who plan to claim tax deductions for the current assessment year or take advantage of trustee rebate offers are therefore advised to submit their applications and complete contribution arrangements as early as possible to avoid missing out as the deadline approaches.
The eMPF platform centralises and simplifies the steps for opening a TVC account, making the experience more streamlined:
Once completed, you may submit your application. Processing time is significantly shorter compared with previous procedures.
For members who already have a TVC account and plan to make a one off contribution, this can also be done directly through eMPF:
Generally, direct debit via bank account is the most common and convenient method as it is straightforward and smoothly processed—making it the recommended option.
Members can also submit requests to transfer their TVC contributions through eMPF:
| Title | File Type | File Size |
|---|---|---|
| One stop TVC account opening via eMPF | .4 MB |
