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Tax Deductions for Annuity Premiums and MPF Voluntary Contributions (Amendment) Bill 2018 (Amendment Bill) was passed on March 20, 2019

Posted on March 20, 2019March 22, 2019 by riskmgtgroup

To encourage voluntary savings for retirement for the Hong Kong workforce, the government has just passed the Tax Deductions for Annuity Premiums and MPF Voluntary Contributions (Amendment) Bill 2018 (Amendment Bill) on March 20, 2019. Eligible MPF or ORSO member can set up and make contributions to this account, known as the Tax Deductible Voluntary Contributions (TVC) account. The TVC is...
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Collection of premium levy effective from January 1, 2018

Posted on October 24, 2017March 20, 2019 by riskmgtgroup

From 1 January 2018, the Insurance Authority (IA) will start collecting a premium levy from policyholders in accordance with the law. For more info, please see our announcement.
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MPF Default Investment Strategy (DIS) effective April 1, 2017

Posted on March 19, 2017 by riskmgtgroup

Commencing from 1 April 2017, each MPF scheme is required by law to offer a Default Investment Strategy (“DIS”). For more information, please see our DIS update.
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Amendment of Maximum Level of Relevant Income for MPF Contributions With Effect 1 June 2014

Posted on September 26, 2015 by riskmgtgroup

For contribution periods commencing on or after 1 June 2014, the maximum level of monthly relevant income for MPF contributions have increased from $25,000 to $30,000 per month. For more information, please review our MPF Amendment 2014 circular.
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