Contribution
Account
This holds MPF contributions from your current job.
Personal
Account
This holds:
- MPF transferred from your former job(s); and
- MPF transferred from your current contribution account under the Employee Choice Arrangement (if any).
*Under the Employee Choice Arrangement, employees can transfer MPF once a year from their employee mandatory contributions in their contribution accounts to a scheme of their own choice.
To make things simple, if you have more than one personal account, consider consolidating them into one MPF account.
Tax Deductible Voluntary
Contribution (TVC) Account
This holds tax deductible voluntary contributions.
* You will have a TVC account only if you have made TVC.