A law change that comes into effect on April 1 will allow Hongkongers to claim tax benefits of up to HK$60,000 if they invest in voluntary pension schemes. Photo: AFP

New law gives Hongkongers tax break of US$7,650 in a bid to boost their inadequate pension savings

  • Law takes effect from April 1 and tax deductions can be claimed in the next financial year
  • Companies are gearing up to provide new annuity products
Topic |   Mandatory Provident Fund (MPF)

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A law change that comes into effect on April 1 will allow Hongkongers to claim tax benefits of up to HK$60,000 if they invest in voluntary pension schemes. Photo: AFP
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