Pension providers say Hong Kong’s move to give tax incentives of up to HK$60,000 will encourage individuals to invest more in voluntary pension products. Photo: AFP

Hong Kong’s proposed tax break of US$7,650 will encourage additional retirement savings, say top pension providers

  • Legislators on Wednesday will vote on a law change to allow the government to offer up to HK$60,000 in tax incentives on extra pension savings
  • HSBC Life says tax incentives could encourage pension savings as seen from Singapore’s experience
Topic |   Mandatory Provident Fund (MPF)

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Pension providers say Hong Kong’s move to give tax incentives of up to HK$60,000 will encourage individuals to invest more in voluntary pension products. Photo: AFP
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