While you are busily working out parties and celebrations for the turn of century, you should not forget to pay your salaries tax on the due date, which is normally around the beginning of the year.

If you miss the deadline, the surcharge is normally five per cent of the outstanding tax. In case the tax default is more than six months, the surcharge increases to 10 per cent.

Either surcharge is fairly substantial, isn't it? So perhaps now is the right time for officers to take advantage of the "Save as you Earn" Scheme.

It applies to all serving civil servants and civil service pensioners.

It aims to help participants build up funds for payment of their salaries tax.

Interest payable to funds saved under the scheme has recently been raised to 4.7917 per cent per annum!

So, if you want to know more, please ring the Staff Relations Hotline.

Staff Relations Hotline: 2866-7519





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