To encourage the public to save early for retirement financial planning purpose, legislation has been passed to provide tax incentives for scheme members to make tax deductible voluntary contributions (TVC) starting from 1 April 2019. Under the new tax saving arrangement, taxpayers can save over HK$10,000 of payable tax, and the contribution method, amount and duration are highly flexible and personalized.
Want to learn more about TVC? Click here to watch a 2-minute short video! Remember, no matter which MPF provider you are using, you are welcome to contact BCT to learn more about tax saving with MPF. BCT helps you Do it Right, Save More!