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A policy that Hong Kong people cannot afford to ignore in the annuity program

A policy that Hong Kong people cannot afford to ignore in the annuity program

Everyone with a job will be facing retirement in the future, and many people have a feeling that their quality of life will be reduced because of a sharp drop in income after retirement, but this is something that no one wants to face. The good news is that there are ways to solve this problem. 10Life has launched an annuity program that is very popular among Hong Kong people and has become a retirement strategy that many people have to understand. Here is a brief introduction to the three types of annuity plans launched by 10Life.

Savings Annuity in Annuity Plan

The advantage of this product is that you don't have to wait until retirement to get an annuity income, and it focuses on getting a savings return in the medium term.

Retirement annuity in an annuity plan

This product focuses on medium to long term retirement planning. You can receive an annuity at retirement age, and you can choose an income period of 10 or 20 years to enhance your income after retirement.

Longevity Annuity in Annuity Plan

The focus of this product is on hedging longevity risk. You can have an annuity income after retirement, and the income period is quite long, up to lifelong. There is a popular saying that makes sense: "If you don't worry about the long term, you will have to worry about the near future". This is also true in life. If you don't plan for your post-retirement life as early as possible, your quality of life may deteriorate after retirement. This is one of the reasons why annuity plans are so popular.

Another advantage of the annuity scheme launched by 10Life is that it can enjoy tax deduction, with a tax allowance of up to HK$60,000, which is why it is also known as a "tax deductible annuity", which is undoubtedly a good choice for some high-income earners to reasonably avoid tax. Everyone can formulate an annuity plan according to their income and what kind of life they want to lead after retirement, or they can leave this task to 10Life, who will conduct a comprehensive assessment based on the user's situation and then give a reasonable plan. If you have a comprehensive understanding of the annuity plan, you will have a more secure life in the future.