Friday, September 09, 2011
The Lowdown on the HK$6000 payout
Word has probably reached you by now that the Hong Kong government is offering all its permanent citizens a one-off payment of HK$6000 over the next couple of years.
Similar to but not the same as the US 'stimulus check', the move has been prompted by pressure from Hong Kong citizens who are becoming increasingly frustrated at the rising costs of living on the SAR, especially for housing.
An initial plan to make payments into citizen's state pensions schemes was scrapped in favour of an immediate handout.
Rather than get into a lengthy explanation of the scheme, I thought I would just direct readers to this blog , where everything you need to know has been posted already by ben.ism.
And this is the link to the official HK government website for the scheme.
Will you be applying? HK$6000 equates to roughly GBP460, which might cover a return flight from London if you're lucky.
Bear in mind you have to either have an active HK bank account or be able to collect a cheque in person from a Hong Kong Post office. There is also a set timetable for when to apply and when your cheque will be ready (see official website)