Investment advice

[Cminds]

Why are people talking about MPF and TVC if the timeframe is just 1/2 or even 10years ?

Because money saved is money earned!

[pin]

Why are people talking about MPF and TVC if the timeframe is just 1/2 or even 10years ?

TVC because you get a c. HKD10k tax break if you are a top level tax payer.

[freeier]

then that's the assumption that guy can get out of hk entirely without coming back and close his TVC + MPF account right ? hmm...

[bdw]

Why are people talking about MPF and TVC if the timeframe is just 1/2 or even 10years ?

The tax savings for those in HK short term (expats) that are able to redraw when they leave HK and not wait until they retire is the most obvious benefit.

But also for whatever reason, the MPF itself hasnt performed too badly this year in comparison to other options. My regular MPF account was $414k around a year or so ago when I started a thread on geo asking how to get the most out of it. Now I left HK and havent been putting any more into it, havent got around to drawing it out yet. But now is worth $457k.

On top of this, I opened a $60k TVC account in Dec last year before leaving HK. Got an instant $10k in savings when I rocked up to the tax office 2 days later to pay my final taxes before heading to the airport for the last time. Now as an added bonus, its worth $62.6k today. Not bad when all my other investments are going up shit creek these days.

[nivek2046]

9988...

3690....

[aquaman]

for whatever reasons you want to invest in the banking sector, my money would be in the major chinese banks and money moving companies