Qualifying deferred annuity plans can provide you with a steady stream of income after you retire, and enable you to claim tax saving up to HK$10,2002 per person or HKD20,4002 for a married couple each year while you are paying your premiums. So get started now and reward yourself with a nice meal or overseas trip with your family and friends with the tax you may save!
HSBC One and other customers
HSBC Premier Elite or Premier customer
Contact your Premier Elite Director or Relationship Manager.
(852) 2233 3130
(Monday to Friday from 11:00am to 7:30pm except public holidays)
Enjoy up to 13.5% off your first year's premium, or up to 14% off when you apply together with our Voluntary Health Insurance Scheme Flexi Plan (VHIS).
Enjoy up to 13.5% off your first year's premium, or up to 14% off when you apply together with our Voluntary Health Insurance Scheme Flexi Plan (VHIS).
 |
HSBC Life - The no. 1 provider of new annuity business in Hong Kong3 |
| Well-placed to attend to the broad spectrum of customers’ retirement needs. |
The above plans are Qualifying Deferred Annuity Policies certified by the Insurance Authority of the Hong Kong SAR. Underwritten by HSBC Life (International) Limited. Policyholders are subject to the credit risk of HSBC Life and early surrender loss. T&Cs apply.
 |
|
 |
|
 |
|
End Notes
Tax Implications of Qualifying Deferred Annuity Insurance Policy: The certification status of the above QDAPs do not automatically guarantee that you will be eligible for a tax deduction for QDAP premiums you have paid. The certification status of the QDAPs is based on the features of the product as well as their compliance with the criteria set out in the guideline issued by the Insurance Authority (“IA”); not necessarily matters regarding other tax related criteria or your personal situation. Before claiming any tax deductions, you must meet all eligibility requirements set out in the provisions under the Inland Revenue Ordinance, while following the guidance issued by the Inland Revenue Department (“IRD”) of the Hong Kong SAR. Please note that the actual tax benefits of these policies would depend on your personal tax position and there might not be tax deductions benefits if you are not subject to salaries tax and personal assessment in the relevant year of assessment. You should refer to the website of the IRD (www.ird.gov.hk) or contact the IRD directly for any tax related enquiries.
Disclaimer
Please refer to the product brochures of the respective products for their detailed product features and associated risks, and please refer to the policy provisions for the detailed terms and conditions.
The Qualifying Deferred Annuity Policies mentioned on this webpage are not any kind of bank deposit or bank savings plan and are underwritten by HSBC Life (International) Limited (“HSBC Life”). HSBC Life is authorised and regulated by the Insurance Authority (“IA”) of the Hong Kong SAR to carry on long-term insurance business in the Hong Kong SAR. The Hongkong and Shanghai Banking Corporation Limited (referred to as "HSBC") is an insurance agent of HSBC Life for the distribution of life insurance products.
Any information listed and figures calculated on this website are for reference only. They are not intended to constitute a recommendation or advice to any prospective customers and are not intended as a substitute for professional advice. You should not act on any information on this website, without seeking specific professional advice. You may find the wealth management plan you need by undertaking an assessment for financial planning. This website provides general information issued from publicly available sources. HSBC Life or HSBC do not provide any form of tax advice. You are advised to seek independent tax advice if in doubt. In no event will HSBC Life or HSBC be liable for any damages, losses or liabilities including without limitation, direct or indirect, special, incidental, consequential damages, losses or liabilities, in connection with your or any third party’s use of this on this website, or your reliance on or use or inability to use the information contained on this webpage.
If you are in doubt about the meaning or the effect of the contents on this website, you should seek independent professional advice. Please note that the tax law, regulations and / or interpretations are subject to change and may affect any related tax benefits including the eligibility criteria for a tax deduction. HSBC Life or HSBC is not responsible for informing you about any changes in laws, regulations or interpretations, and how they may affect you. Further information regarding tax concessions applicable to Qualifying Deferred Annuity Policies may be found at the webpage of the Insurance Authority: www.ia.org.hk.
The above qualifying deferred annuity policies are life insurance plans with a savings element (“Plans”). You are subject to the credit risk of HSBC Life. The Plans provide guaranteed cash value, non-guaranteed dividend and special bonus (only applicable to HSBC Income Goal Deferred Annuity Plan). The dividend and special bonus (if any) will be declared by HSBC Life at its absolute discretion. If surrendered early, the amount to be received may be considerably less than the total premiums paid.
HSBC Life is incorporated in Bermuda with limited liability, and is one of the HSBC Group’s insurance underwriting subsidiaries. The Plans are intended only for sale through HSBC in the Hong Kong SAR. For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction, HSBC will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the product should be resolved between HSBC Life and you directly.