
How to qualify for the old age allowance of $2,200
Check out what it takes to get the allowance apart from being 65 years old and living in HK for at least 7 years.
In a release, Secretary for Labour & Welfare Matthew Cheung said the aim of the Government’s proposed old age living allowance of $2,200 is to alleviate poverty and supplement needy seniors’ living expenses.
Applicants should be aged 65 or above and have been a Hong Kong resident for at least seven years. The monthly income limit for a single senior is $6,600, while the asset limit is $186,000. For a married couple, the monthly income limit is $10,520 while the asset limit is $281,000.
Read more here.