ABConnect
United Kingdom
Progress Left
 
Progress Right

International Wealth Solutions

APAC Retirement Legislative Updates

Below you will find recent legislative developments from across the APAC region, with a focus on retirement.

Country Date Topic Headline Expected Impact Read More
AustraliaDecember 2023GovernanceGuidance on the registration of financial advisersMediumhttps://aon.io/3uVp7wa
December 2023Pension plan benefitsSuperannuation systemMediumhttps://aon.io/3RvBUwR
October 2023GovernancePrudential Standard CPS 511 Remuneration updatesMediumhttps://aon.io/3rHnBwc
August 2023Taxation / Social security changeRates for super contributions and drawdownMediumhttps://bit.ly/3rXnWdY
August 2023Investment policyFinal investment governance guidanceMediumhttps://bit.ly/3DSdwiF
July 2023GovernanceFair Work Legislation Amendment (Protecting Worker Entitlements) Act 2023Highhttps://aon.io/3q2Kjhs
July 2023Social security changePrimary changes to superannuationHighhttps://aon.io/3PVcp9e
April 2023GovernanceAnnual superannuation performance test consultationMediumhttps://aon.io/41WfcSa
April 2023Taxation / Social security changeKey super rates and thresholds for contributionsMediumhttps://aon.io/3oLspyX
March 2023Taxation / Social security changeProposed changes in superannuation tax breaksMediumhttps://aon.io/3ld5j2K
February 2023Pension plan benefitsThe Social Services and Other Legislation Amendment (Incentivising Pensioners to Downsize) Bill 2022Mediumhttps://aon.io/3JQ3SkA
BangladeshOctober 2023State pension reformUniversal Pension SchemeHighhttps://aon.io/404WZlT
April 2023State pension reformEstablishment of National Pension AuthorityMediumhttps://aon.io/3AhDEkZ
ChinaMay 2023Social security changeAnnouncement on the Continuation of the Preferential Policy on Employment Security Funds for the DisabledMediumhttps://aon.io/44ncuHm
February 2023State pension reformThird-Pillar Pension ProgramHighhttps://aon.io/3jE14wt
GeorgiaDecember 2023Investment policyOn Accumulated Pension Law changesMediumhttps://aon.io/46RsIZj
Hong KongAugust 2023GovernanceAbolition of offsetting arrangementMediumhttps://bit.ly/47iHoly
July 2023GovernanceElectronic Mandatory Provident Fund (eMPF) Platform updateMediumhttps://aon.io/3KfmqdB
May 2023State pension reformOffsetting scheme will endMediumhttps://bit.ly/43805pr
February 2023Social security changeIncrease in payment rates and allowanceMediumhttps://aon.io/3JwJ1D0
IndiaDecember 2023Pension plan benefitsFacility of Systematic Lump Sum WithdrawalMediumhttps://aon.io/3RCfSc2
November 2023State pension reformExtension of timeMediumhttps://aon.io/3SsDK3F
August 2023Taxation / Social security changeTax exemption limit for encashment of earned leavesMediumhttps://bit.ly/3sdgo75
May 2023Social security changePension Fund Regulatory and Development Authority (National Pension System Trust) (Amendment) Regulations, 2023Mediumhttps://aon.io/3Mtv8VU
April 2023GovernanceMinistry of Labour & Employment (MOLE) AnnouncementsMediumhttps://aon.io/410EcHp
February 2023Taxation / Social security changeUnion Budget 2023-24Mediumhttps://aon.io/38Cskk6
February 2023GovernanceRe-examination of cases of pensionMediumhttps://aon.io/3K8qld9
February 2023Pension plan benefitsInstructions in compliance with orders issued by courtHighhttps://aon.io/3CXLbY5
January 2023GovernanceLabour CodesMediumhttps://aon.io/3X61FVw
January 2023Social security changeHigher pension resulting from Supreme Court 4 November, 2022 RulingHighhttps://aon.io/3CXLbY5
IsraelNovember 2023GovernanceMonthly Retirement UpdateMediumhttps://aon.io/47OEgNV
September 2023GovernanceRetirement Update (1)Mediumhttps://aon.io/3Pkmpqu
January 2023GovernanceRegulatory retirement updatesHighhttps://aon.io/3W4rhRM
January 2023Taxation / Social security changeContribution limits and allowancesHighhttps://aon.io/3XSIoYf
KazakhstanSeptember 2023Social security changeProposed budget measuresMediumhttps://aon.io/3LxgeOF
January 2023Taxation / Social security changeSingle Payment on Payroll in 2023 introducedMediumhttps://aon.io/3QKASfH
MalaysiaOctober 2023Social security changeRetirement measures proposedMediumhttps://aon.io/3QFdG4h
June 2023TaxationFinance Act 2023Mediumhttps://aon.io/46eCbL4
New ZealandSeptember 2023Social security changeThe Employment Relations (Protection for KiwiSaver Members) Amendment BillHighhttps://aon.io/45NHS1U
April 2023Taxation / Social security changeTaxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023Mediumhttps://aon.io/3navI23
OmanSeptember 2023Pension plan benefitsDecree No. 52 of 2023Highhttps://aon.io/3EAMTix
PhilippinesJanuary 2023State pension reformWorker’s Investment and Savings Program (WISP) PlusHighhttps://aon.io/3GEvW7E
August 2022Pension plan benefitsIncrease in monthly pensions for indigent citizensMediumhttps://aon.io/3PuwFuc
SingaporeNovember 2023Social security changeCentral Provident Fund (Amendment) Bill 2023Highhttps://aon.io/47cRCUl
November 2023GovernanceNational Wages Council Guidelines for 2023/2024Mediumhttps://aon.io/3QD2Haa
October 2023Taxation / Social security changeBudget proposalMediumhttps://aon.io/3Fmti65
June 2023Taxation / Social security changeBudget measures for employersMediumhttps://aon.io/3Pu9qEp
March 2023Social security changeCentral Provident Fund (CPF) contributionsMediumhttps://aon.io/3ykSvKE
South KoreaJuly 2022Investment policyEmployee Retirement Benefit Security Act amendmentsHighhttps://aon.io/3zwHY0h
ThailandNovember 2023Social security changeNew elderly allowance requirementsMediumhttps://aon.io/3SuDUrq
TurkeyNovember 2023State pension reformRegulation on Partial Payment in the Private Pension SystemMediumhttps://aon.io/3MqddQG
March 2023Retirement ageLaw No. 7438 Amending the Social Security and General Health Insurance Law and Decree No. 375Mediumhttps://aon.io/3LKRzXV
TurkmenistanAugust 2023GovernanceWage and pension amount increaseMediumhttps://bit.ly/45taVat
United Arab EmiratesSeptember 2023GovernanceOptional System for End-Of-Service GratuitiesMediumhttps://aon.io/44YXcrs
June 2023Taxation / Social security changeMinisterial Decision No. 115 of 2023 on Private Pension Funds and Private Social Security FundsMediumhttps://aon.io/3qYmCHc
UzbekistanDecember 2023Taxation / Social security changeNew pension amounts and monthly salaryMediumhttps://aon.io/3NoQMMt
VietnamJuly 2023Social security changeDraft Law on Social Insurance (amended)Highhttps://aon.io/46Y2G7W

 

Return to International Wealth Solutions home page
Do Not Sell or Share My Personal Information | Cookie Preferences | Global Home | Careers | Investor Relations | Legal | Privacy | Cookie Notice | © 2024 Aon plc