(i)
UK equivalent
(ii)
HK pensioner
AMOUNT OF SPOS DUE ASSUMING UK INCREASES OF 25% AND EXCHANGE RATE OF HK$ 15 to £1 UNDER PROPOSED NEW SYSTEM
(25% increase/ex-rate HK$15
Value of basic pension (£ pa)
Value of HK increases (E pa)
UK increases
(£ pa)
12,000
3,000
APPENDIX II
Total pensionable income ( pa)
15,000
=
£1)
8,000
2,000
3,000
13,000
(iii)
HK pensioner
(30% increase/ex-rate HK$15
=
£1)
8,000
2,400
3,000
13,400
(iv)
HK pensioner
(40% increase/ex-rate HK$15
£1)
8,000
3,200
3,000
14,200
(v)
HK pensioner
(50% increase/ex-rate HK$15
=
£1)
8,000
4,000
3,000
15,000