Photo by Matthias Zomer from Pexels

Several social security allowances to increase by 1.3% starting February

It will benefit more than 1.6 million people.

The Legislative Council Finance Committee has approved the 1.3% increase in several types of social security allowances starting 1 February, benefitting more than 1.6 million people.

This includes the standard payment rates under the Comprehensive Social Security Assistance (CSSA) Scheme, and rates for the Old Age Allowance, Old Age Living and Disability Allowance under the Social Security Allowance Scheme.

The Government will also raise the maximum rent allowance under the CSSA scheme by 0.2% from February 1, accounting for movements in the Consumer Price Index rent index for private housing.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Hong Kong GDP seen to decline by 1.5% with exports under strain
China's economy is also expected to slow, with GDP forecast to decline by 0.5% by the end of 2025.
Economy
CITIC Bank International holds firm with solid capital and liquidity: analyst
The bank’s exposure to property development and investment in Hong Kong accounted for 13% of gross loans at the end of 2024. 
Markets
CITIC Bank International holds firm with solid capital and liquidity: analyst
The bank’s exposure to property development and investment in Hong Kong accounted for 13% of gross loans at the end of 2024.