The tax season is around the corner. What’s the best way to plan your post-retirement income and medical protection while enjoying tax savings? Look into QDAP and VHIS for solutions that may be right for you
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Many employees count on their companies’ medical insurance for protection against the unexpected. In fact, group medical coverage typically offers only limited protection. Given our stressful lifestyles and the threat of critical illness, how can we make use of Voluntary Health Insurance Scheme (“VHIS”) to our advantage?
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Filling in your tax return form is not always easy, but if you do it right, you could enjoy tax savings. The annual premium for each VHIS policy is good for up to HKD8,000 in taxable income deduction per person per year. There are just a few things to keep in mind when you’re applying for tax deduction.
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If you want your retirement to be enjoyable, a steady income and medical protection are indispensable! Want to save for your retirement and save on tax now? Let’s take a look at how Simon does it!
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