If the universal scheme is not put in place, the elderly will be subject to a means test that will shut out most elderly citizens who needs financial assistance . Photo: AFP

Lose-lose situation on Hong Kong pension options: face much higher taxes or force elderly means-testing

Universal scheme would incur sky-high costs and lead to higher taxes, while alternative for those most in need would see elderly means-tested

If the universal scheme is not put in place, the elderly will be subject to a means test that will shut out most elderly citizens who needs financial assistance . Photo: AFP
READ FULL ARTICLE