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Income and Asset Limits

Income and Total Net Asset Limits (Effective from 1 April 2017)

Family Size Maximum Income Limit
(per month) (1)
 Total Net Asset Limit (2)
1 Person     $11,250 $245,000
2 Persons $17,350 $333,000
3 Persons $22,390 $433,000
4 Persons $27,050 $506,000
5 Persons $32,960     $562,000
6 Persons $36,010    $608,000
7 Persons $41,420   $650,000
8 Persons $46,320   $681,000
9 Persons $51,090   $752,000
10 and more Persons   $55,750     $810,000

Income and Total Net Asset Limits for Non-Related Elderly Households (Effective from 1 April 2017)


Household Size
 Maximum Income Limit
(per month) (1)
 
Total Net Asset Limit
2 Persons $20,820 $666,000
3 Persons $26,870 $866,000
4 Persons $32,460 $1,012,000
5 Persons $39,550 $1,124,000
6 Persons $43,210 $1,216,000
7 Persons $49,700 $1,300,000
8 Persons $55,580 $1,362,000
9 Persons $61,310 $1,504,000
10 and more Persons   $66,900   $1,620,000
Remarks: (1) The amount of statutory contribution to the Mandatory Provident Fund or Provident Fund Scheme can be deducted when making income declaration.

 

(2) If all member(s) of a family is/are elderly person(s) of age 60 or above, the total net asset limit for the family will double the amount as shown in the above table
(i.e. the total net asset limits for elderly families with 1 to 10 and more persons are $490,000, $666,000, $866,000, $1,012,000, $1,124,000, $1,216,000, $1,300,000, $1,362,000, $1,504,000 and $1,620,000).
     


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