HK Tax-Deductible MPF TVC ROI 2027 Calculator
HK Tax-Deductible Voluntary Contributions (TVC) to MPF allow up to HK$60,000/year deductible against salaries tax. At 17% marginal rate, that's HK$10,200/year tax savings — calculate compound benefit over your career.
MPF TVC Basics
Tax-Deductible Voluntary Contributions to MPF allow up to HK$60,000 per year deductible against salaries tax. Effective since 2019/20. Combined with VHIS premiums and QDAP, total deductible reaches HK$78,000+. TVC must be made before March 31 to count in current tax year.
MPF Investment Choices
MPF funds typically offer 4-8 choices: equity (HK/global), balanced, conservative, money market, and target-date. Long-term equity returns 5-8% annualized; bonds 2-4%. Default fund is conservative — choose more growth-oriented if 15+ years from retirement.
Withdrawal Rules
TVC funds locked until age 65, with limited early withdrawal for permanent departure or total incapacity. At 65, withdrawal is tax-free (compared to taxable retirement income in most countries). This combination of tax-deductible contributions + tax-free withdrawals makes TVC extremely powerful.
Source: MPFA.org.hk TVC rules, IRD Salaries Tax Allowances 2026/27, MPF Schemes Authority annual report 2024. Last updated: May 2026.