The tax incentives are designed to address the inadequate retirement savings of Hongkongers amid an ageing population. Photo: Edmond So

Hong Kong’s new pensions tax break gives early boost to retirement savings

  • Major pension providers including HSBC, Prudential, Manulife and AIA saw a strong response to their new tax-deductible deferred annuity and MPF products
  • Trend could help ease the burden of an ageing population
Topic |   Mandatory Provident Fund (MPF)

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The tax incentives are designed to address the inadequate retirement savings of Hongkongers amid an ageing population. Photo: Edmond So
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