(i)
UK equivalent
AMOUNT OF SPOS DUE ASSUMING UK INCREASES OF 25% AND EXCHANGE RATE OF HK$ 12.5 to £l UNDER PROPOSED NEW SYSTEM
Value of basic pension (£ pa)
Value of HK increases (£ pa)
UK increases
(E pa)
12,000
3,000
APPENDIX IV
Total pensionable income (£ pa)
15,000
(ii)
HK pensioner
(25% increase/ex-rate HK$12.5
£1)
9,600
2,400
3,000
15,000
(iii)
HK pensioner
(30% increase/ex-rate HK$12.5 = £1)
9,600
2,880
2,520#
15,000
(iv)
HK pensioner
(40% increase/ex-rate HK$12.5
=
£1)
9,600
3,840
1,560#
15,000
(v)
HK pensioner
(50% increase/ex-rate HK$12.5 = £1)
9,600
4,800
# £15,000 UK "ceiling" limitation applies
600#
15,000
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