Sort your Hong Kong money in minutes

Salaries Tax

2% to 17% progressive.

Take-Home Pay

After salaries tax and MPF.

Standard vs Progressive

Lower of the two.

Salaries Tax Allowances

Personal and dependant.

Net Chargeable Income

After allowances.

Personal Assessment

Combine all income.

Effective Tax Rate

Average vs marginal.

Salary Tax by Month

Spread the bill.

Tax Reduction / Rebate

Budget concessions.

Tax Deductions Summary

All deductions.

Married vs Separate

Joint or separate.

Child Allowance

Per-child relief.

Dependent Parent Allowance

Parent / grandparent.

Self-Education Deduction

Course fees.

Charitable Donation Deduction

Approved charities.

Elderly Residential Care

Care expenses.

Bonus Tax

Tax on a bonus.

13th-Month Pay

Year-end double pay.

End-of-Year Payment

Contractual sum.

Contract Gratuity Tax

End-of-contract sum.

Long Service Payment

LSP entitlement.

Severance Payment

Redundancy pay.

Maternity Leave Pay

Statutory leave pay.

Unpaid Wages Claim

Arrears owed.

Pay Rise

What you keep.

Minimum Wage

Statutory rate.

Hourly to Salary

Annualise a wage.

Salary to Hourly

Effective hourly.

Profits Tax

Corporate / unincorporated.

Two-Tier Standard Rate

8.25% then 16.5%.

Two-Tier Tax Saving

First $2m saving.

Provisional Profits Tax

Next-year estimate.

Provisional Tax

Advance payment.

Corporate Tax

Limited company.

Sole Trader Tax

Unincorporated business.

Company vs Sole Trader

Which structure.

Freelancer Tax

Self-employed tax.

Contractor Day Rate

Day-rate to net.

Salary vs Dividend

Owner pay mix.

Property Trading Profits Tax

Trading vs capital.

Profit Margin

Markup and margin.

Break-Even

Units to profit.

Business Runway

Months of cash.

Startup Cost

Setup budget.

MPF Contribution

Employee + employer 5%.

MPF Employer Cost

Mandatory 5%.

MPF Projection

Balance at 65.

MPF Self-Employed

SEP contributions.

MPF Tax Deduction

Deductible MPF.

MPF Withdrawal

At retirement.

MPF TVC

Tax-deductible voluntary.

MPF vs TVC vs QDAP

Best deductible mix.

QDAP Annuity

Deferred annuity income.

QDAP / TVC Deduction

Up to $60k cap.

Annuity Income

Income from a lump sum.

Retirement Savings

Balance at retirement.

Retirement Income

Drawdown.

Retirement Shortfall

Gap to target.

FIRE

Financial independence.

Coast FIRE

Coast to retirement.

Mortgage

Repayment + interest.

Mortgage Affordability

How much you can borrow.

Mortgage Refinance

Saving + break-even.

Stamp Duty + LTV

Duty with the loan.

Stamp Duty

Property AVD.

First-Time Buyer Stamp Duty

Lower scale.

Lease Stamp Duty

Tenancy duty.

Property Purchase Cost

All-in buying cost.

Property Tax

15% on net rent.

Rental Income Tax

Tax on letting.

Rental Yield

Gross + net yield.

Rates

Quarterly rates.

Government Rent

3% of rateable value.

Rates + Government Rent

Combined charge.

Home Loan Interest Deduction

Mortgage interest relief.

Domestic Rent Deduction

Rent paid relief.

Rent vs Buy

Buy or rent + invest.

Property Capital Growth

Projected value.

First Registration Tax

Motor vehicle FRT.

Compound Interest

Growth projection.

Investment Return

Total + annualised.

Dollar-Cost Averaging

Regular investing.

Fixed Deposit

Time deposit interest.

Savings Interest

Interest earned.

Bond Yield

Yield to maturity.

Dividend Tax

Dividends are tax-free.

Dividend Portfolio Income

Income from holdings.

REIT Dividend

Property trust income.

ETF Fee Impact

Fee drag.

Capital Gains Tax

No CGT in HK.

Crypto Tax

Trading vs capital.

Stock Stamp Duty

0.1% per side.

Stock Trading Cost

All-in dealing cost.

Net Worth

Assets minus debts.

Budget (50/30/20)

Needs / wants / savings.

Emergency Fund

Cash buffer.

Savings Goal

Monthly to a target.

Debt Payoff

Time + interest.

Credit Card Interest

Cost of a balance.

Personal Loan

Repayments.

Car Loan

Vehicle finance.

Tax Loan

Tax season loan.

Inflation

Real value.

Cost of Living

City to city.

Life Insurance Needs

Cover gap.

Term vs Whole Life

Which policy.

Critical Illness Cover

Lump-sum on diagnosis.

Income Protection

If you cannot work.

Medical Insurance (VHIS)

Certified plan cost.

VHIS Deduction

Premium tax relief.

Insurance Premium Tax Saving

Deductible premiums.