Tax Deduction Scheme
The maximum tax-deductible amount per year is up to HKD68,000!
Hong Kong is known for its favorable salary tax regime. Capital gains and overseas income are not taxed. Hong Kong’s personal income tax, or salary tax, falls into four brackets: 2%, 7%, 12%, and 17%. Hong Kong’s salary taxation regime is transparent and effective while not being onerous.
Yet, with careful evaluation and assessment, the tax system could benefit you more than you know. There are currently three tax-deductible products approved by the HKSAR Government and we can help you achieve the maximum tax-deductible amount per year - HKD68,000.
Voluntary Health Insurance Scheme (VHIS)
With demand for public medical services constantly on the rise, the waiting lists for surgery and hospital admission are getting longer and longer. VHIS gives you the option of getting treatment at a private hospital, where you can choose your doctor and don’t have to wait. So you can get more medical options much sooner, and get well soon.
How we got you covered?
Coverage for unknown pre-existing conditions
Reimburse the eligible medical expenses arising from unknown pre-existing conditions.
Tax Saving
Tax deduction of up to HKD8,000Â per insured person per year, with no limits on the number of insured persons!
Guaranteed renewal
Once the policy becomes effective, renewal will be guaranteed to age 100 for our standard plan and lifetime for our flexi plans, regardless of any change in health condition.
Health discount
Enjoy a health discount of up to 16%Â if you make no claim for at least 2 consecutive years.
The content of this website does not contain the full terms of the policy, and the full terms can be found in the policy document. Please contact us for details.
Qualifying Deferred Annuity Policy (QDAP)
Our QDAP plan is designed to give you a stable stream of retirement income in the future as well as tax benefits now while you’re saving up for your retirement. So you can enjoy your retirement to your heart’s content.
How we got you covered?
A stable income stream for retirement
Receive a monthly annuity income from the Annuity Start Age of your choice at age 55, 60, 65 or 70. Non-guaranteed terminal bonus is also available to support your financial journey.
Save on tax while you save for retirement
Enjoy tax deduction of up to HKD60,000
per taxpayer per year for qualifying deferred annuity premiums paid.
Be prepared with Critical Illness Advance Benefit
Get advances of future guaranteed annuity income as immediate cash if the life insured is diagnosed with cancer, stroke or a heart attack during the annuity income period.
No medical examination
Applying couldn’t be easier. There’s no need for a medical examination or health questions.
Flexible financial planning
Option to take a premium holiday for up to 2 years after the second policy anniversary.
The content of this website does not contain the full terms of the policy, and the full terms can be found in the policy document. Please contact us for details.
Tax Deductible Voluntary Contributions (TVC)
In these times of longer life expectancy and higher inflation, reaching your retirement goals has become more challenging than ever. But now there's a new way to boost your retirement reserves, by setting up a TVCÂ account for making additional MPF contributions. Doing so may help you achieve long-term financial security and enjoy an uncompromised lifestyle after retirement!
How we got you covered?
Tax concession
The maximum tax-deductible amount is HK$60,000 per assessment year under salaries tax and personal assessment*.
*This is an aggregate limit for both TVC and other qualifying deferred annuity premiums. The actual amount of tax saving varies and depends on your net taxable income and the applicable tax rate
Flexible contribution arrangements
adjust the contribution amount and frequency according to your own situation
free to choose between monthly and/or with a lump sum contributions
The content of this website does not contain the full terms of the policy, and the full terms can be found in the policy document. Please contact us for details.