Whether you obtain Hong Kong status through Hong Kong talents, professionals, or study abroad in Hong Kong, you can enjoy the dual benefits of Hong Kong and the Mainland from the date of approval, because your Mainland household registration is still retained at this time.
However, when it is almost 7 years before they get permanent residence, most people start to worry. "After getting permanent residence in Hong Kong, what should I do with the social security in the mainland? Can I still enjoy the corresponding benefits? "
No. 1: Obtain permanent residence in Hong Kong without getting a return permit
In social security, everyone is generally concerned about medical care and pension. Under normal circumstances, after paying social security for 15 years, you can receive a pension at the retirement age. Enjoy the corresponding benefits of medical insurance.
The first situation: After the applicant obtains permanent residence in Hong Kong, if the applicant does not give up his domestic household registration, his ID card can be used normally.
Then if an enterprise continues to pay social security normally, the applicant's social security payment, welfare benefits, pension, etc. will be the same as that of normal domestic residents and will not be affected by Hong Kong permanent residence status.
Second: After obtaining permanent residence in Hong Kong, apply for a Home Return Permit
Holding a Home Return Permit means canceling the mainland household registration, which means that without the mainland identity, it is equivalent to leaving the country to settle. (The application for permanent residence in Hong Kong is an independent application. There is no need to apply for the whole family together. You can determine which family member applies for permanent residence based on family needs)
1 ā£ If you have paid for less than 15 years - you can apply for surrender or retention
From Guangdong Province The Department of Human Resources and Social Security learned that if the insured person leaves the country to settle abroad before retirement, the personal account balance will be returned to the insured person, and the pension insurance relationship will be terminated. However, can also keep the account without surrendering the policy.
But it is best not to surrender the policy, because if you return to the mainland or return to the country to work in the future, social security can be continued, and when you meet the conditions for receiving pensions, you can receive pensions in China. Once you surrender the policy, the previous payment years will be cleared. . Therefore, even if you immigrate, if you do not need money urgently, it is recommended not to surrender the policy. Some people come back after going abroad, regain their nationality, continue to work in the country, and finally retire in the country. Once the policy is surrendered, the payment period will be accumulated again.
Therefore, Social Security recommends keeping the account without surrendering the policy.
2 ā£ After paying for 15 years - you can receive a pension when you reach the retirement age
According to the current policy, in this case, the insured person can return to the mainland to apply for retirement when reaching the retirement age, receive a pension, and then live in Hong Kong .
3 ā£ Can Hong Kong permanent residents pay social security in mainland China?
Can Hong Kong permanent residents pay social security, enjoy medical insurance benefits and retire in the mainland?
Of course!
The Ministry of Human Resources and Social Security and the National Medical Insurance Administration announced the "Interim Measures for Residents of Hong Kong, Macao and Taiwan to participate in social insurance in the Mainland (Mainland)". Starting from January 1, 2020, residents of Hong Kong, Macao and Taiwan who work, live and study in the mainland will have social security cards , and have the same legal rights as mainland residents to participate in social insurance and enjoy social insurance benefits in accordance with the law.
Residents of Hong Kong, Macao and Taiwan who participate in pension insurance must accumulate contributions for at least 15 years before they can receive pensions after retirement. If the contributions are insufficient for the number of years before retirement, they can renew for up to 5 years. You can pay a lump sum to reach 15 years. Year . employee medical insurance also requires contributions for a certain number of years before you can enjoy medical subsidies after retirement.
If a person leaves the Mainland before reaching the prescribed pension conditions, his personal social insurance account will be retained. If he comes to the Mainland again to work, live and continue to pay contributions, the payment period will be calculated cumulatively.
4 ā£ moved to Hong Kong and closed his account. What about the provident fund? When canceling your account, in addition to your provident fund card, you also need to bring the original and copy of your Hong Kong passport, the original and copy of your account cancellation certificate, a copy of your ID card or a copy of your Chinese passport , and go to the provident fund management office After the center passes the final review, they will cancel the account and withdraw all the provident funds in the account to you.
However, when surrendering the insurance, only the provident fund can be fully refunded to the individual, and the pension can only refund the individual's contribution.
It can be seen that you will not lose anything with your Hong Kong identity inside and out!
Ten major advantages of Hong Kong identity
1. Visa convenience
Hong Kong SAR passport is definitely a world pass; it can travel to 168 countries and regions without visa, which is very convenient!
2. Retain Mainland identity
Apply for Hong Kong identity through Hong Kong talents, Hong Kong professionals, Hong Kong study abroad, Hong Kong science talents, etc., without canceling the mainland account (Exception: Apply for Hong Kong identity by dependence, before applying for One-way permit Cancellation of Mainland Account).
3. Children enjoy 15 years of free public education
Hong Kong implements 15 years of compulsory education (3 years of kindergarten + 6 years of primary school + 3 years of junior high school + 3 years of high school). Students only need to pay textbooks and miscellaneous fees each semester to attend Hong Kong public primary and secondary schools.
4. Advantages of studying in the Mainland
Hong Kong citizens, with DSE scores, can directly enter 112 universities in the Mainland (including Tsinghua, Peking University, Fudan, Shanghai Jiao Tong and other prestigious universities) through the "examination-free admissions plan". In addition, Hong Kong permanent residents can also pass the " joint examination for overseas Chinese students " with a total score of 750 points (the test content is similar to that of mainland candidates). The admission score is: 400 points for the first book, 300 points for the second book, and 200 points for art candidates points, you can easily enter a mainland university.
5. No birth restrictions
Children born in Hong Kong can obtain Hong Kong Permanent Resident Identity Card .
6. Complete medical insurance
Become a permanent citizen of Hong Kong and enjoy the internationally advanced medical technology in Hong Kong. Enjoy 100 Hong Kong dollars for the first visit to specialist outpatient clinics in public hospitals, and only 50 Hong Kong dollars for each subsequent visit; 45 Hong Kong dollars for general outpatient services, and hospitalization. The fee is HKD 100 per day (no matter what the disease is), including meals, hospitalization fees, medicine fees, and surgery fees!
7. Career development advantages
If you are employed locally in Hong Kong, you can come into contact with different famous international companies. Hong Kong identity is a powerful tool for career advancement.
8. Free business environment
In Hong Kongās open and free business environment, the procedures for establishing a company are simple and fast, with low costs and low thresholds. Moreover, Hong Kong companies are conducive to enhancing their international reputation and providing assistance for brand building.
9. Hong Kong is one of the few low tax areas in the world.
Hong Kongās imported goods tariffs, company business tax, and personal income tax are all significantly lower than those in mainstream developed countries, especially personal income tax. The Hong Kong government stipulates that the salary tax rate is up to 15%, and, every year Each person actually has a tax exemption of HK$13.20,000, which means that more than half of the working people in Hong Kong do not need to pay salaries tax , and the other 20% pay less than NT$1,000 in taxes for the whole year.
10. Guangdong-Hong Kong-Macao Greater Bay Area Opportunities
For overseas high-end talents and urgently needed talents working in the Guangdong-Hong Kong-Macao Greater Bay Area, the amount of personal income tax paid in the nine cities of the Pearl River Delta exceeds their taxable income The tax calculated at 15% will be financially subsidized by the people's governments of the nine cities in the Pearl River Delta. With the construction and development of the Guangdong-Hong Kong-Macao Greater Bay Area, there will be more favorable policies in the future.
