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Manual Event (Session ID,DateTime,Event) = uvn10etr2brdt66eq5d1f92jpj 20241128073304 /communities/for-the-qualification-of-oala-under-the-gd-scheme-i-wonder-will-the-recipient-be-excluded-if-he-she-surrenders-the-annuity-scheme/

For the qualification of OALA under the GD scheme, I wonder will the recipient be excluded if he/she surrenders the annuity scheme?

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Discussion thread: Services for Elders
Marcus Leung
3 August 2022
For the qualification of OALA under the GD scheme, I wonder will the recipient be excluded if he/she surrenders the annuity scheme?

For the qualification of OALA under the GD scheme, I wonder will the recipient be excluded if he/she surrenders the annuity scheme?

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Hello. Mavis
3 August 2022

Never mind.

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Marcus Leung
3 August 2022

Oh, I see. Thx a lot!

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Hello. Mavis
3 August 2022

If an elderly person surrenders or partially surrenders the annuity scheme, the surrender value (if any) will be treated as assets. If the total asset value exceeds the prescribed limits, he/she will not be eligible for OALA under the GD Scheme.

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