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Tax Deductions for Savings for Retirement 18 Dec, 2019
 

Further to our recent seminars on “RetireWise” and “Mandatory Provident Fund (MPF) Scheme and Tax Deductible Voluntary Contributions (TVC)”, we would like to summarize the important features for colleagues' information, particularly on the Government's new schemes to provide tax incentives for retirement savings in the form of Tax Deductible Voluntary Contributions (TVC) to a MPF Scheme or premiums paid to a Qualifying Deferred Annuity Policy (QDAP).  You may wish to take this into account in your retirement and tax planning.


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