AMOUNT OF SPOS DUE ASSUMING UK INCREASES OF 25% AND EXCHANGE RATE OF HK$ 12.5 to £1 UNDER THE PRESENT SYSTEM
Value of basic pension (f pa)
Value of HK
increases (£ pa)
UK increases
(£ pa)
APPENDIX 11
Total pensionable income ( pa)
(i)
UK equivalent
12,000
3,000*
15,000
(ii)
HK pensioner
(25% increase/ex-rate HK$12.5
£1)
9,600
2,400
600
12,600
(iii)
HK pensioner
(30% increase/ex-rate HK$12.5 £1)
www
9,600
2,880
120
12,600
(iv)
HK pensioner
(40% increase/ex-rate HK$12.5
-
£1)
9,600
3,840
NIL
13,440
(v)
HK pensioner
(50% increase/ex-rate HK$12.5 £1)
=
9,600
4,800
* This represents the "target figure" for overseas increases
NIL
14,400