QDAP + TVC Tax Deduction Calculator

In Hong Kong, Salaries Taxpayers can obtain additional tax deductions through a Qualifying Deferred Annuity Policy (QDAP) and MPF Tax Deductible Voluntary Contributions (TVC). The combined annual deduction ceiling is HK$60,000. For taxpayers at the 17% marginal tax rate, this can save up to HK$10,200 in tax per year. These are popular tax-saving tools for employees.

QDAP is a long-term annuity product that must meet the eligibility criteria prescribed by the Insurance Authority, such as a minimum premium payment period of five years and a minimum annuity payment period of ten years. TVC is an additional contribution paid into your MPF account, with flexible contribution amounts and frequencies; the money is invested under the MPF scheme and accumulates until retirement. Each has its own features: QDAP provides stable retirement income, while TVC is more flexible and can be invested in different funds.

HK FinBox 的 QDAP + TVC 扣稅計算機，讓你輸入年薪、QDAP 保費、TVC 供款及其他扣除項目，自動計算可扣稅額、慳稅金額及「扣稅後的實質投入成本」。計算機會按累進稅率評估你的邊際稅階，幫助你判斷是否值得填滿扣稅額。

Not everyone is suited to QDAP or TVC. If your annual income is below the basic allowance, the tax deduction benefit is limited. If you have ample cash flow and want to save extra for retirement, both tools combine tax savings with retirement savings. Before buying, compare the fees, returns and terms of different plans, and avoid choosing a product just for the tax deduction if it does not suit you.