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03 JUN

Annuity program provides an extra layer of protection for future life.

  • Life Style
  • Purplegrape
  • Oct 27,2023
  • 0

Annuity program provides an extra layer of protection for future life.

The epidemic has made many people realize that there is a problem with their concept of life. Many of the younger generation in Hong Kong are moonlighters who think about their current lives without considering what they can do to protect their future lives. Fortunately, some organizations have considered the life after retirement and introduced annuity plans, which is a way to find a way to protect your life after retirement.

Who is an annuity plan suitable for?

Many people would like to have a lot of time to do what they want to do after retirement, such as traveling or studying, and all of these require financial support. What can you do if you don't want to jeopardize your quality of life in the present, but still seek a guarantee for the future? Many people will say that saving money, indeed, saving money is not a good way, but who can guarantee that they can ten or twenty years of persistent perseverance, alone this is a relatively difficult thing. But if someone to help someone to remind, to the day had to go to save money? I believe it will be much easier.

Advantages of Annuity Plan

The Annuity Plan launched by 10Life is such an existence. Especially after the Hong Kong government reduced the tax deduction limit for salaries from HK$20,000 to HK$10,000, many people have to pay a lot more tax. The annuity plan is also known as a tax deduction plan, with its existence, you can pay less tax, this part of the tax saved is also a piece of income, and this amount can be as high as 60,000 Hong Kong dollars, so it can be seen that this is really to provide a real benefit to the working people.

Joining an annuity plan when you are young and earning a higher income will not affect your quality of life when you are young as long as it is properly planned, but it will provide you with an extra layer of protection after you retire.10 There are three types of Life annuities, savings annuities, retirement annuities and longevity annuities, which have different emphases, so you can choose one according to your own situation. The old saying, "You're never poor until you plan" still applies today, and an annuity plan is a plan for your future life.