TVC Account definition

TVC Account means an account opened under section 11A(1) of the MPFS Ordinance;
TVC Account means an account opened under section 11A(1) of the MPF Ordinance.
TVC Account means an account opened under section 11A(1) of the MPF Ordinance. (as inserted by DOV 08.04.2019)

Examples of TVC Account in a sentence

  • TVC can only be made into a TVC Account, which is separate from a contribution account or a personal account.

  • TVC Account holder may choose to contribute a fixed amount (subject to a minimum of HK$300) on a monthly basis or a single lump sum (subject to a minimum of HK$500) at any time to the TVC Account of the Scheme.

  • TVC of the Scheme Each Eligible Person can only have one TVC Account under a registered scheme, including the Scheme.

  • Any other forms of voluntary contributions that are not made into the TVC Account are not TVC (for example, voluntary contributions that are made by employees through their employers will not be eligible for claiming TVC tax deduction).

  • For the avoidance of doubt, the protection of accrued benefits under MPFSO is not applicable to the TVC Account, meaning that accrued benefits derived from TVC will generally be vested in the trustee-in-bankruptcy or official receiver as part of the property of the bankrupt TVC Account holder.

  • Apart from the withdrawal of accrued benefits, the Approved Trustee may terminate the TVC Account if (1) the balance of the TVC Account is zero and (2) has had no activity in respect of the TVC Account for 365 days.

  • To facilitate the tax return filing by TVC Account holder, the Approved Trustee will provide a tax deductible voluntary contributions summary to each TVC Account holder if TVC is made by the TVC Account holder to the Scheme during a year of assessment.

  • TVC will be fully vested in the TVC Account holder once it is paid into the Scheme.

  • TVC Account holder can invest in any of the Constituent Funds or DIS under the Scheme according to their circumstances and risk appetite.

  • If a TVC Account holder fails to submit to the Approved Trustee a valid investment instruction or does not make any investment choice at the time of TVC Account opening, his/her TVC will be invested in DIS.


More Definitions of TVC Account

TVC Account means the account opened by a Member into which Tax Deductible Voluntary Contributions are paid for the purpose of tax deduction under section 11A(1 ) of the Ordinance;

Related to TVC Account

  • Investment Account As defined in Section 3.12(a).

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Regular account means the account established for each active and inactive member un-

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Separate Accounts means the accounts which are to be prepared for each

  • Private Account means the portion of a portfolio of a private client or mutual fund client for which the Adviser serves as investment adviser or subadviser.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Administration Account As defined in Section 7.02.