All You Need to Know About Relocation Packages

Adam Hugill discusses key considerations regarding relocation packages for employees moving to Hong Kong with their families.
He highlights crucial issues concerning housing and cost of living allowances, health insurance, pension contributions, school arrangements, as well as other important benefits covering return and home-visit flights, shipping and storage reimbursements.
While Hong Kong’s tax system is rather simple and straightforward, tax advice and tax filing that also includes the tax issues of originating country or the country that they will be moving to after the Hong Kong assignment comes to an end can be very significant.
Last but not least, Adam talks about a few often-overlooked issues: what happens in case of termination of employment? Will there be any claw-backs? What happens with bonuses and relocation expenses?
Show Notes
00:49 What should I consider before relocating?
01:09 Financial needs
02:19 Additional benefits
03:25 Taxes
03:52 Termination
04:59 Conclusions
To know more about our Employment & Immigration practice, check the dedicated section on Hugill & Ip’s website: www.hugillandi...