The BEA (MPF) Master Trust Scheme, BEA (MPF) Value Scheme and BEA (MPF) Industry Scheme (collectively “BEA MPF”) are provident fund schemes launched by The Bank of East Asia, Limited ("BEA") in order to manage contributions made to provide retirement benefits to the Hong Kong workforce.
Tax Deductible Voluntary Contribution (“TVC”) is a type of contribution which can only be paid into a TVC account of an MPF scheme. TVC is eligible for tax concessions starting from the year of assessment 2019/2020. The maximum tax deductible amount is HK$60,000 per year – this is an aggregate limit for both TVC and other qualifying annuity premiums.
Make a contribution to a BEA MPF TVC account with Bank of East Asia (Trustees) Limited (“BEA Trustees”) and get a chance to earn a constituent fund unit bonus (“Unit Bonus”) of up to HK$550!
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From 1st October, 2024 to 31st March, 2025, a Unit Bonus ranging from HK$150 up to a maximum of HK$550 may be granted to eligible MPF customers whose TVC contributions fall into the specified ranges, subject to the terms and conditions below.
For more information, please call the BEA (MPF) Hotline (Operated by Bank of East Asia (Trustees) Limited) on +852 2211 1777.
Terms and conditions apply – see below for details. The Unit Bonus forms part of the account value and is subject to the relevant fees and charges under BEA MPF.
Unit Bonus Details |
Total amount of TVC made in the promotional period (including monthly contributions and lump-sum contributions) (HK$) |
Unit Bonus (HK$)
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10,000 to < 20,000 |
150 |
20,000 to < 30,000 |
250 |
30,000 to < 45,000 |
350 |
45,000 to < 60,000 |
450 |
≥ 60,000 |
550 |
Application Deadline: 31st March, 2025 |
Terms and Conditions
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- The promotion will run from 1st October, 2024 to 31st March, 2025, both days inclusive (the Promotional Period”).
- All customers are required to register through the BEA (MPF) Hotline (Operated by Bank of East Asia (Trustees) Limited) or a representative of BEA MPF Department/BEA Trustees within the Promotional Period in order to receive the Unit Bonus.
- Customers are entitled to receive a Unit Bonus if they make TVC contributions to the BEA MPF TVC account in corresponding designated contirbution period as stated in Table 1.
- The Unit Bonus and accrued benefits held in a BEA MPF TVC account can only be withdrawn upon retirement age or other statutory grounds under the MPF legislation, including (i) early retirement (having reached the age of 60 and having permanently ceased employment/self-employment); (ii) death; (iii) small balances; (iv) permanent departure from Hong Kong; (v) total incapacity; (vi) terminal illness.
- The minimum amount of monthly contribution is HK$100; the minimum amount of lump-sum contribution is HK$500.
- The TVC contributions (excluding the TVC assets transferred from other MPF schemes) must be successfully made and allocated to the BEA MPF TVC account according to the TVC Contribution Period as stated in Table 1, and the aggregate amount of contributions in the BEA MPF TVC account will be treated as a designated contribution for the calculation of the Unit Bonus in this promotion. Customers should allow sufficient time for your TVC contributions to be made and allocated to BEA MPF TVC account within the designated contribution period, as stated in Table 1. Therefore, the Unit bonus will be credited to the customer's BEA MPF TVC account if they contribute within the designated period and retain the full amount of TVC assets in BEA MPF TVC account until 30th September, 2025.
- If a customer (i) transfers or withdraws his / her accrued benefits in the BEA MPF TVC account or (ii) closes his / her BEA MPF TVC account on or before the TVC Contribution Holding Period as stated in Table 1, the Unit Bonus will not be credited to their BEA MPF TVC account.
- Customers are required to retain their BEA MPF TVC account to receive the Unit Bonus. The Unit Bonus will be credited to the customer's BEA MPF TVC account on the Unit Bonus Credit Period as stated in Table 1. The investment allocation of the Unit Bonus will be the same as the latest fund selection of the account to be credited.
- The promotion offer can only be used in conjunction with the “BEA MPF Asset Consolidation Bonus” (if applicable). For details, please refer to the latest promotion of “BEA MPF Asset Consolidation Bonus” (https://bit.ly/3PBJZgD).
- BEA and BEA Trustees reserve the sole right to vary or cancel this promotion and / or amend or alter these Terms and Conditions at any time without prior notice. In the event of any dispute, the decision of BEA and BEA Trustees shall be final and conclusive.
Table 1:
TVC Contribution Period (both days inclusive) | TVC Contribution Holding Period (both days inclusive) | Unit Bonus Credit Period |
1st October, 2024 to 31st March, 2025 |
1st April, 2025 to 30th September, 2025 |
Within 8 weeks from 1st October, 2025 |
Apply online for a Tax Deductible Voluntary Contribution Account:
As mentioned in point 2 of above terms and conditions, all customers are required to register this promotion through the BEA (MPF) Hotline (Operated by BEA Trustees) or a representative of BEA MPF Department / BEA Trustees within the Promotional Period in order to receive the Unit Bonus.
Download the leaflet for more details:
For more detailed information on TVC, please visit our dedicated webpage for TVC account and download relevant offering documents of BEA MPF schemes.
BEA (MPF) Hotline: +852 2211 1777
(Operated by Bank of East Asia (Trustees) Limited)
Sponsor: The Bank of East Asia, Limited
Issuer: Bank of East Asia (Trustees) Limited