Deductible Tax Amount:

HK$

Please note that this TVC Tax Deduction Calculator is for reference only, it does not reflect your actual personal personal tax payable, net chargeable income and tax-deductible amount. Should there be a need for actual tax calculation, please visit the salary tax estimation calculator provided by the Government.

Terms & Conditions on Tax Deductible Voluntary Contributions Tax Deduction Calculator
Total Annual Income
Total Annual TVC
Marital Status
No. of Children
No. of Dependent Parents
investment return performance of BCT MPF Tax-Deductible Voluntary Contribution (TVC)
Source: BCT Group

^An average investment return of 13.6% is derived by the BCT member's average investment return for existing Tax Deductible Voluntary Contributions (TVC) accounts as of 30 June, 2021 from account opening (effective from 1 April, 2019).
Investment involves risks. Past performance is not indicative of future performance. The price of constituent funds may fall as well as rise. Please read the MPF Scheme Brochure for BCT (MPF) Pro Choice and/or BCT (MPF) Industry Choice for further details including the risk factors.

+An average investment return of HK$3,626 in 6 months is derived by the calculation of total return of all BCT Tax Deductible Voluntary Contributions on the number of Tax Deductible Voluntary Contributions accounts from 1 January, 2021 to 30 June, 2021.
Investment involves risks. Past performance is not indicative of future performance. The price of constituent funds may fall as well as rise. Please read the MPF Scheme Brochure for BCT (MPF) Pro Choice and/or BCT (MPF) Industry Choice for further details including the risk factors.

++The average investment return is as of 30 June 2021 for BCT's Tax Deductible Voluntary Contributions (TVC) accounts set up during the year of assessment 2019/2020.
Investment involves risks. Past performance is not indicative of future performance. The price of constituent funds may fall as well as rise. Please read the MPF Scheme Brochure for BCT (MPF) Pro Choice and/or BCT (MPF) Industry Choice for further details including the risk factors.

Special Voluntary Contributions (SVC)

BCT offers you a wide range of constituent fund platform. You can invest with as little as HK$300 per month making it affordable to get started.

Prepare for your future with BCT starting from today

Consolidate your MPF accounts anytime and anywhere with the one-stop online platform via mobile app. Construct your future with our MPF experts.

Terms and Conditions:

  1. "2022 Tax Deductible Voluntary Contribution ("TVC") Rewards Offer"(the"Offer") is applicable to eligible members ("Member(s)") including New members ("New member(s)") who have not opened or held any BCT TVC accounts before 1st December 2021 and existing members ("Existing member(s)") who already hold valid BCT TVC accounts before 1st December 2021.

  2. New Members TVC Special Bonus Unit Rebate

    New member, who makes TVC contributions or transfers TVC contributions from other companies (the "New contributions") in a lump sum or by monthly contribution through autopay from 1st December, 2021 to 31st March, 2022, both days inclusive (the "New member's Promotional Period") and retain the full amount of TVC assets in their BCT TVC account (Accumulated assets from 1st April 2022) within the designated TVC Contribution Holding Period for 3 years, as stated in Table 1, are entitled to receive a New members TVC Special Bonus Unit Rebate. Therefore, the 1st year of New members TVC Special Bonus Unit Rebate will be credited to the New member’s BCT TVC account if they contribute in the relevant 1st tax assessment year and retain the full amount of TVC assets in BCT TVC account until 31st March, 2023; the 2nd year of New members TVC Special Bonus Unit Rebate will be credited to the New member’s BCT TVC account if they contribute in both the relevant 1st and 2nd tax assessment years and retain the full amount of TVC assets in BCT TVC account until 31st March, 2024; and the 3rd year of New members TVC Special Bonus Unit Rebate will be credited to the New member’s BCT TVC account if they have contributed in the relevant 1st, 2nd and 3rd tax assessment years and retain the full amount of TVC assets in BCT TVC account until 31st March, 2025.

    Please note that the maximum limit of TVC contributions applicable to New members TVC Special Bonus Unit Rebate is HK$180,000 (to calculate by every year) and only applicable to the New contributions during TVC Contribution Holding Period, as stated in Table 1. For any TVC contributions exceeding the maximum limit paid in the each year of assessment, the excess amount will not be applicable for New members TVC Special Bonus Unit Rebate.

    The New members TVC Special Bonus Unit Rebate will be credited to the New member's relevant TVC account used for the activity as extra units within New member TVC Special Bonus Unit Rebate Credit Period, as stated in Table 1. The New members TVC Special Bonus Unit Rebate will be allocated according to (i) the proportion of chosen constituent fund(s) in the aforementioned TVC account(s) and (ii) the unit prices of the relevant constituent fund(s), as of the date of allocation (being a business day).

    If New member terminates relevant accounts or all assets in the relevant account have been transferred out or withdrawn before the relevant New members TVC Special Bonus Unit Rebate Credit Period stated in Table 1, the New member will not receive any New members TVC Special Bonus Unit Rebate derived from the corresponding contributions period.

    Table1
    YearTVC Contributions Period
    (both days inclusive)
    TVC Contributions Holding Period
    (both days inclusive)
    New Members TVC Special
    Bonus Unit Rebate Credit Period
    1st Year1st December, 2021 to
    31st March, 2022
    1st April, 2022 to
    31st March, 2023
    Within April, 2023
    2nd Year1st April, 2022 to
    31st March, 2023
    1st April, 2022 to
    31st March, 2024
    Within April, 2024
    3rd Year1st April, 2023 to
    31st March, 2024
    1st April, 2022 to
    31st March, 2025
    Within April, 2025
  3. Existing Members TVC Special Bonus Unit Rebate

    Existing member, who makes TVC contributions or transfers TVC contributions from schemes sponsored by other companies for HK$10,000 or above in a lump sum from 1st April, 2021 to 31st March, 2022, both days inclusive (the "Existing Member's Promotional Period"), are entitled to receive a one off 0.5% bonus unit rebate ("Existing Members TVC Special Bonus Unit Rebate") in April, 2023, according to relevant TVC contribution amount.

    Please note that the maximum limit of TVC contributions applicable to Existing Members TVC Special Bonus Unit Rebate is HK$180,000. For any TVC contributions exceeding the maximum limit paid in the year of assessment 2021/22, the excess amount will not be applicable for Existing Members TVC Special Bonus Unit Rebate.

    The Existing Members TVC Special Bonus Unit Rebate will be credited to the Existing member’s relevant TVC account used for the activity as extra units in April 2023. The Existing Members TVC Special Bonus Unit Rebate will be allocated according to (i) the proportion of chosen constituent fund(s) in the aforementioned TVC account(s) and (ii) the unit prices of the relevant constituent fund(s), as of the date of allocation (being a business day).

    If Existing member terminates relevant accounts or all assets in the relevant account have been transferred out or withdrawn before the Existing Members TVC Special Bonus Unit Rebate Credit Period, the Existing member will not receive any Existing Members TVC Special Bonus Unit Rebate derived from the Existing Member’s Promotional Period.

  4. Bonus Unit Rebate arising from Perpetual Management Fee (Applicable to current BCT MPF TVC account only)
    For details of constituent funds and management fees, please read the MPF scheme brochures of BCT (MPF) Pro Choice and/or BCT (MPF) Industry Choice. For details of Perpetual Management Fee, please read the promotion leaflet of BCT Personal Retirement Solution.
    4.1 "Management fees" include the fees of the trustee, administrator, custodian, sponsor and investment manager of a scheme for providing their services to the relevant funds. They are usually charged as a percentage of the net asset value of a fund. In the case of the Core Accumulation Fund and the Age 65 Plus Fund, management fees payable to the parties named above, or their delegates, can only (subject to certain exceptions in the Mandatory Provident Fund Schemes Ordinance) be charged as a percentage of the net asset value of the DIS Fund. These Management Fees are also subject to a statutory daily limit equivalent to 0.75% per annum of the net asset value of the DIS Fund which applies across both the DIS Fund and its underlying funds.

  5. Pursuant to the relevant provisions of “Inland Revenue Ordinance”, tax deductions for each employee is subject to a maximum limit of HK$60,000 per assessment year. Such maximum tax deductible limit is an aggregate limit for TVC and qualifying deferred annuity policy premiums. If the total amount of TVC made in a year of assessment exceeded the maximum tax deductible limit, the amount of excess will not be eligible for tax deduction. Please note that contributions in TVC account (including tax deductible portion and non-tax deductible portion) are subject to the same vesting and preservation rules and withdrawal restrictions applicable to mandatory contributions, i.e. Withdrawal cannot be made until employees reach the age of 65 or unless on other statutory grounds under The Mandatory Provident Fund Schemes Ordinance. The actual tax savings depend on personal income level, entitled tax allowances and deductions as well as the amounts of qualifying deferred annuity policy premiums paid or the amounts of TVC made. Based on the prevailing highest tax rate (i.e. 17%) and the maximum tax deductible limit of HK$60,000, the maximum tax savings can be HK$10,200. Bank Consortium Trust Company Limited will provide a TVC summary to each TVC account holder within 40 days after the end of every year of assessment. The contribution summary will list out all the TVC made to BCT by the TVC account holder in the last assessment year, to facilitate tax return filing by TVC account holder.

  6. Contribution amount for TVC can be as low as HK$300 (applicable to monthly contributions through autopay) or HK$500 (applicable to one-off contributions). No minimum investment duration. Monthly contribution amount may be adjusted.

  7. Unless otherwise specified, this offer cannot be used in conjunction with other promotion offer that are not listed in the promotion material.

  8. Terms and conditions apply. The terms and conditions are subject to the change by BCT without prior notice to Members. In the event of any disputes arising from this Campaign, BCT reserves the right to make final decisions.