Elderly support can often feel like charity
Tax concessions for parental support have been raised, as more than 600,000 taxpayers will enjoy higher allowances for dependent parents and grandparents.
However, as we know, most of the young generation claiming such concessions do not support their parents. And, unless such family support is mandatory, they see this role as just charity towards older family members.
I am an elderly person and, though I have sufficient means of my own, I do appreciate my daughter-in-law’s annual allowance to me in observance of the Chinese tradition.
The increased subsidy ceiling and age limit for the Continuing Education Fund is a welcome move. I believe that more stress should be laid on adult education.
Digital knowledge is a must in today’s world, and adult education on this score, while vitally important, is sometimes lacking.