Tom joined Tai Koo Ltd on 1 April 2015 and worked as an accountant. He resigned from Tai Koo Ltd effective 30 June 2020. His accrued benefits in the MPF scheme in respect of employer's voluntary contributions is $70,000. The amount of proportionate benefit which can be exempt from salaries tax is?

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To calculate the proportionate benefit that can be exempt from salaries tax we need to determ... View the full answer