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Partnering with Manulife, the largest MPF Scheme Sponsor1, we help you prepare for your dream retirement

a group of people discussing mpf planning in a meeting area

Partnering with Manulife, the largest MPF Scheme Sponsor1, we help you prepare for your dream retirement

Standard Chartered MPF Services

Partnering with Manulife, the No. 1 MPF Scheme Sponsor1, Standard Chartered Wealth Management provides you with quality MPF scheme and backs you up with our MPF Specialists at designated branches for more prestige MPF services.

Set up an MPF Tax Deductible Voluntary Contributions (TVC) account as making additional MPF contributions may help you save more for your retirement reserve while enjoying tax deduction benefit.

TVC is introduced as a new initiative on tax deductions starting from 1 April 2019 to encourage early retirement planning. Each eligible tax payer can enjoy a tax-deductible limit of up to HKD60,000* per assessment year under salaries tax and personal assessment starting from the 2019/2020 assessment year.

*This is an aggregate limit for both TVC and other qualifying deferred annuity premiums. The actual amount of tax savings varies and depends on each individual situation, your net taxable income and the applicable tax rate.

A Jar of coins with "Save" label, to save for retirement expenditures

Key features of TVC

To enjoy tax-deduction benefit via making TVC, you must have an MPF contribution account / a personal account / MPF Exempted ORSO Schemes account and set up a TVC account in an MPF scheme of your choice.

Learn more about TVC
Learn more about the Scheme

4 Steps to Apply for Tax-Deductible Limit

1. Set up a “Tax Deductible Voluntary Contributions Account”

2. Submit monthly / lump sum contributions during each tax assessment year

3. Completion of tax return – MPF Trustee to send out contribution summary to facilitate the filling of tax return

4. You, as an individual tax payer (not the MPF Trustee, Sponsor and/or other operators of the Scheme) are responsible for the application of tax deduction benefit.

Dedicated MPF services

Dedicated MPF services tailored to your needs

Enjoy professional services from our dedicated product specialists while managing your MPF effectively via an easy-to-use platform.

Supported by an experienced team of experts from Manulife, our MPF Specialists are dedicated to serving your needs. Manage your own MPF assets with ease through Personal Account Consolidation or Employee Choice Arrangement. As your trusted partner, we offer retirement planning services with quality MPF products to facilitate your retirement planning, enabling you to manage your wealth at one place. The Relationship Balance of your personal banking account opened in your sole name can include the MPF account balance under Manulife MPF Scheme*, enabling you to check your deposit, investment and MPF balance in a consolidated statement for total control of your finances. Simply authorise and consent the Bank to receive your MPF account information.  Download the request form.

*For details, please refer to the Opt-in/Opt-out Request Form and the definition of Relationship Balance in the booklet of “Service Charges – An easy guide to banking fees”

Monitor your account efficiently via an easy-to-use account management platform with the Member Online Service, e-Statement and e-Alert (e.g. fund price alert, fund switching and contribution allocation).
Designated branches with MPF Specialists

The Right Partner

Choose the right partner to meet your goal

Through our strategic partnership with Manulife, the No. 1 MPF Scheme Sponsor1, you can join an MPF scheme managed by this award-winning provider2 easily through our bank’s professional MPF Specialists.

Manulife is recognised as “Provider of the year – MPF”2 at the BENCHMARK Fund of the Year Awards held by BENCHMARK magazine in 2017 in recognition of the fund performance, brand health and overall business capabilities, making Manulife the three-time winner. Constituent funds provided range from equity funds (international, regional, single-market and sector), bond funds (international, regional and single-market), mixed assets funds (lifestyle and target date), guaranteed funds to money market funds. Members may be entitled to join the customer programme of Manulife based on years of MPF relationship and size of MPF assets, subject to the terms and conditions of the programme.
Learn more Learn more about Manulife’s MPF scheme and fund performance Learn more

Smart Tips

How much do you need for retirement?

Take your goals, MPF contributions, regular savings and investment needs into consideration to work out how much money you may need with our retirement calculator.

Smart Tips

Smart tips for your MPF management

Planning for retirement is a long-term commitment and plans can change at different stages of your life. The key is to actively manage and adjust your MPF plan to suit your needs. Here are some smart tips to enable you to make the smart move:

Review your MPF investment regularly, both in terms of asset allocation and funds selection to ensure that it is in line with your retirement goals.

Click here to learn more about Retirement Planning Intelligence

Over the course of your working life, you may have changed jobs and thus have several personal accounts under different MPF providers, each with its own investment portfolio. You can consolidate all these personal accounts into a desired MPF scheme by filling in the “Scheme Member’s Request for Fund Transfer Form”.

Click here to download application forms

With the implementation of Employee Choice Arrangement (“ECA”), employees are allowed to transfer, once per calendar year, the accrued benefits derived from the employee mandatory contributions in their contribution accounts to a personal account under a scheme of their own choice.

Learn more

To enhance your financial flexibility during retirement, you may assess your retirement needs and consider other retirement planning solutions such as regular savings, wealth management tools, as well as planning ahead for your protection needs in addition to your MPF contributions. You may also review your wealth management portfolio regularly to get yourself on track to your goals.


Standard Chartered Bank (Hong Kong) Limited is an MPF scheme distribution partner of Manulife (International) Limited (Incorporated in Bermuda with limited liability).

1. Source: “Mercer MPF Market Shares Report” as at 31 December 2019 by Mercer (Hong Kong) Limited, in terms of market share of total MPF assets by scheme sponsor.

2. Source: “BENCHMARK”. The awards were based on BENCHMARK’s selection criteria. For the details, please visit

*The maximum tax-deductible amount is HKD60,000 per assessment year under salaries tax and personal assessment. This is an aggregate limit for both TVC and other qualifying deferred annuity premiums. The actual amount of tax savings varies and depends on each individual situation, your net taxable income and the applicable tax rate.

#Subject to the rules of the MPF scheme.

Important Notes

Investment involves risk. Price of units of any constituent funds and the income from them may go down as well as up. Past performance is not an indicative of future performance. Before making any investment decision to invest in a scheme, members should read the MPF Scheme Brochure for more detailed information (including risk factors, fees and charges) on the scheme and its constituent funds. Investors should ensure they fully understand the risks associated with the scheme, and should also consider their own investment objective and risk tolerance level. If in doubt, please seek independent financial and professional advice.

Standard Chartered Bank (Hong Kong) Limited is a distributor of the MPF scheme, a product of Manulife (International) Limited (Incorporated in Bermuda with limited liability). In respect of an eligible dispute arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the governing rules of Manulife’s MPF scheme should be resolved directly between Manulife and the customer.

This webpage does not constitute any offer, invitations or recommendation to any person to enter into any scheme or any transaction described therein or any similar transaction. This webpage has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.