The scheme most appropriate to you is determined by a number of things:
There are two Soteria Pension Schemes, both of which can be viewed on Hong Kong Pension registrar’s scheme register and operate under the Occupational Retirement Schemes Ordinance (ORSO – Chapter 426, Laws on Hong Kong).
Hong Kong is the world’s third largest financial services centre after London and New York. It has played a key role in helping China integrate with the global free market economy and today Hong Kong is a Special Administration Region (SAR) of China. However Hong Kong law is based on a British Common Law structure and its courts rigorously apply the Rule of Law. Hong Kong’s Trust Laws are amongst the most modern in the World.
Hong Kong is not a Tax Haven, it is well regulated and is engaged in promoting sound financial practices through its membership of global bodies. It contributes to the development of global pension standards through its chair of the International Organisation of Pension Supervisors Technical Committee.
In addition Hong Kong is listed as the freest economy in the world, with no Inheritance Tax and no Capital Gains Tax on pension growth, or Income Tax on pension distribution. It also has Double Taxation agreements, with 34 countries which makes it an extremely attractive and tax efficient place to grow and hold retirement funds
No Income Tax on Pension Distributions
This website is for informational purposes only and does not constitute an offer or solicitation to sell any products or services presented here. Soteria Pensions reserves the right to change, modify, add or remove sections of any content posted on the website at any time without notice and without liability. Those who access this site do so on their own initiative and are responsible for compliance with any laws or regulations applicable to them.
None of the information is intended to form the basis for any investment decision, and no specific recommendations are intended. If you would like investment, accounting, tax or legal advice, you should consult with your own advisors with respect to your individual circumstances and needs. Accordingly this website does not constitute investment or tax advice nor a solicitation for investment in any security or life insurance product.
Any decision to proceed and become a member is yours and yours alone. The Trustee of Soteria Pensions does not give advice on pensions, nor do they give advice on investments within the Schemes. Their role is that of Trustee and Administrator only. Soteria Pensions are tax recognised, Occupational Retirement Schemes and not tax evasion schemes. Any attempt by a member to abuse Soteria Pensions, its Trustee, Administrator and/or Promoters may result in the member losing pension recognition on their benefits.
*The Soteria Pension Schemes have been established by Platinum Financial Service/s Limited, members of the Business Class Group of companies.