The Fidelity SmartRetire mobile app makes setting up your Tax Deductible Voluntary Contributions (TVC) account easier and quicker. Upon successful application, you can save up to HK$10,2001 on tax yearly.
Download SmartRetire now to set up your TVC account to make or add additional TVC contributions!1 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.
From 1 April 2023, to 31 March 2024, enjoy tax savings^ and up to HK$11,600 bonus units rebate* by making TVC contributions and/or transferring your other TVC assets to Fidelity MPF continuously for 10 years.
^Tax savings are not applicable to TVC transfer-in assets.
*Terms and conditions apply. Please refer to the promotional leaflet for details. You should not invest based
on the information on this website alone and should read the Key Scheme Information
Document and MPF Scheme Brochure for Fidelity Retirement Master Trust (including
potential risks involved) for further information.
~The amount required has to be equal to or more than the latest TVC tax deduction
cap, i.e. HK$60,000 as specified by the latest legislation.
Year of assessment |
TVC contributions/TVC transfer-in amount~ (HKD) |
Bonus units rebate* (HKD) |
Year 1 | $60,000 | $500 |
Year 2 | $60,000 | $600 |
Year 3 | $60,000 | $700 |
Year 4 | $60,000 | $800 |
Year 5 | $60,000 | $1,000 |
Year 6 | $60,000 | $1,200 |
Year 7 | $60,000 | $1,400 |
Year 8 | $60,000 | $1,600 |
Year 9 | $60,000 | $1,800 |
Year 10 | $60,000 | $2,000 |
Total bonus unit rebate: | $11,600 |
The entire online application process can be completed in 15 minutes! Best yet, you can conveniently make contributions by selecting from various payment methods. To learn more about TVC, click here.
The identity verification process no longer has to be done face-to-face2. You can now verify your identity anytime, anywhere with our mobile app to complete the requirement.
You can increase or change your contribution amount easily via the app’s new function.
Opening your TVC account is quick and simple. Here’s a quick guide on how you can set up your application.
Launch the mobile app and click the “TVC Application” banner. No login credentials are required to begin your application3.
Verify identity with your HK permanent ID card, fill out
the e-forms and allocate your investment.
Make contributions online based on your preference. Sign the e-forms on your mobile device, click to submit, and you’re good to go.
It’s quick and easy to make additional contributions to your TVC account.
Log into SmartRetire app and tap “Manage” on the menu to
select your TVC account.
To make a one-off contribution, select "Lump Sum Contribution". Most information has been prefilled for you. Then select your payment method.
After submitting your request, you can check the status anytime in "Contribution status".
2 Applicable to HK permanent identity cardholders only.
3 You can get started with just your HK permanent identity card and mobile
number,
without
any login credentials.
Security and
privacy
Terms of use
Investment involves risks. Past performance is not indicative of future performance. Please refer to the Key Scheme Information Document and MPF Scheme Brochure for Fidelity Retirement Master Trust for details including the risk factors. This web page is published by FIL Investment Management (Hong Kong) Limited.
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