TVC is voluntary in nature, employer involvement is not required ;
To be eligible for tax concession, your TVC must be paid into a TVC account of an MPF scheme ;
TVC account is independent from the MPF contribution account or MPF personal account ;
In your TVC account, you may make your own fund selection according to your risk appetite, or choose to invest in Default Investment Strategy (DIS) ;
You may transfer the accrued benefits derived from TVC to another MPF scheme which offers TVC at any time ;
Each eligible person can only have one TVC account under an MPF scheme ;
TVC is subject to the same vesting, preservation and withdrawal restrictions applicable to MPF mandatory contribution ;
A TVC account holder can only withdraw benefits from the TVC account upon reaching the age of 65 or on other statutory grounds.