Looks like we're going to be getting a cool six grand for free, directly into our impenetrable MPF accounts
Budget 2011: Injection of HK$6,000 into MPF accounts - Professional Adviser HK
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A one-off injection of HK$6,000 into the MPF accounts of all MPF scheme members was proposed in the budget speech by John Tsang today.
The government have earmarked HK$24 billion for this measure. The Financial Services and the Treasury Bureau will announce the details in due course, and the Mandatory Provident Fund Authority will assist in implementing the injection. "I expect that the injection of funds into the MPF accounts will start in 2011-12", said Tsang.
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