(i)
UK equivalent
AMOUNT OF SPOS DUE ASSUMING UK INCREASES OF 25% AND EXCHANGE RATE OF HK$ 15 to £1 UNDER THE PRESENT SYSTEM
Value of basic pension (£ pa)
Value of IIK increases (£ pa)
UK increases
(£ pa)
12,000
3,000*
APPENDIX 1
Total pensionable income ( pa)
15,000
(ii)
HK pensioner
(25% increase/ex-rate HK$15
£1)
8,000
2,000
1,000
11,000
(iii)
HK pensioner
(30% increase/ex-rate HK$15
£1)
8,000
2,400
600
11,000
(iv)
HK pensioner
(40% increase/ex-rate HK$15 £1)
8,000
3,200
NIL
11,200
(v)
HK pensioner
(50% increase/ex-rate HK$15
=
£1)
8,000
4,000
* This represents the "target figure" for overseas increases
NIL
12,000
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