The Mandatory Provident Fund (MPF) Schemes Amendment Bill was gazetted on 27 June, and will introduce some radical new ideas into Hong Kong's MPF system. Specifically, benefits will be payable in the event of terminal illness, and phased withdrawals will be allowed (with no additional charge) rather than just lump-sum withdrawals.
FATCA reporting obligations will also be enabled by the proposed changes.
***
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our Website/ Blogger/ LinkedIn and stay tunned for our updates!
===================================================================
Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email
--------------------------
Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai,
Please contact:
John Barclay -Email
Teresa Tam - Email
--------------------------
Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai,
No comments:
Post a Comment