Employment Services
Appendix
Monthly Income and Asset Limits of the Household
for the WITS Scheme
Application for Subsidy from April 2011 to February 2012 |
Household Size |
Monthly Household Income Limit |
Effective Income Level@ |
Monthly Household Asset Limit＊ |
1 person |
$6,500 |
$6,842 |
$44,000 |
2 persons |
$12,000 |
$12,631 |
$60,000 |
3 persons |
$13,000 |
$13,684 |
$90,000 |
4 persons |
$14,000 |
$14,736 |
$120,000 |
5 persons |
$14,500 |
$15,263 |
$150,000 |
6 persons or above |
$16,000 |
$16,842 |
$180,000 |
@ |
Under the WITS Scheme, “income” does not include employee’s mandatory contribution to a Mandatory Provident Fund (MPF) Scheme (i.e. 5% of employees’ salary). “Effective income level” refers to the household income before deducting mandatory employees’ MPF contribution. |
| ＊ | The asset limit is increased by $35,000 for each elderly applicant or household member aged 60 or above. |
Application for Subsidy from March 2012 onwards |
Household Size |
The New Monthly Household Income Limit |
The New Effective Income Level@ |
The New Monthly Household Asset Limit＊ |
1 person |
$7,300 |
$7,684 |
$72,000 |
2 persons |
$13,400 |
$14,105 |
$99,000 |
3 persons |
$14,800 |
$15,578 |
$148,500 |
4 persons |
$16,400 |
$17,263 |
$198,000 |
5 persons |
$16,700 |
$17,578 |
$198,000 |
6 persons or above |
$18,600 |
$19,578 |
$198,000 |
@ |
Under the WITS Scheme, “income” does not include employee’s mandatory contribution to a Mandatory Provident Fund (MPF) Scheme (i.e. 5% of employees’ salary). “Effective income level” refers to the household income before deducting mandatory employees’ MPF contribution. |
| ＊ | The asset limit is increased by $35,000 for each elderly applicant or household member aged 60 or above. |
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Household |
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Household |
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| Salaries shown on bank statement/passbook will be discounted from household asset calculation of the same month. | ||||||||||
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