The increase in exemption is expected to mainly benefit high-income earners. Photo: Felix Wong The increase in exemption is expected to mainly benefit high-income earners. Photo: Felix Wong
The increase in exemption is expected to mainly benefit high-income earners. Photo: Felix Wong

Hong Kong moves to increase tax exemption to boost uptake of annuity plans, voluntary MPF contributions

  • The aggregate maximum tax deductible limit to rise from HK$36,000 to HK$60,000
  • Coverage of tax deductions to extend to deferred annuity premiums for a taxpayer’s spouse

Topic |   Mandatory Provident Fund (MPF)
The increase in exemption is expected to mainly benefit high-income earners. Photo: Felix Wong The increase in exemption is expected to mainly benefit high-income earners. Photo: Felix Wong
The increase in exemption is expected to mainly benefit high-income earners. Photo: Felix Wong
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