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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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討論:Services for Elders
Marcus Leung
2022年8月3日
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
2022年8月3日

Never mind.

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Marcus Leung
2022年8月3日

Oh, I see. Thx a lot!

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Hello. Mavis
2022年8月3日

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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