The Old Age Living Allowance is a government welfare scheme in Hong Kong designed for citizens aged 65 or above with financial needs. It aims to improve their quality of life by providing a monthly subsidy to help cover living expenses. This article provides detailed information on the latest updates and application guidelines for the Old Age Living Allowance.

Applicants for the Old Age Living Allowance must meet specific residency and financial criteria. According to the latest policy effective from 1 February 2025, the monthly allowance amount is HK$4,250.

This allowance is intended to assist elderly individuals with financial needs in covering daily living expenses. It differs from the Old Age Allowance, which is available to those aged 70 or above with no asset test and offers a lower amount of around HK$1,640 per month.

To be eligible for the Old Age Living Allowance, applicants must:

• Be aged 65 or above;
• Have been a Hong Kong resident for at least 7 years, and have resided continuously in Hong Kong for at least 1 year immediately before the application (with no more than 90 days of absence during the year);
• Not be receiving other public welfare payments such as the Old Age Allowance, Disability Allowance, or Comprehensive Social Security Assistance (CSSA);
• Meet the income and asset limits set for both the applicant and their spouse;
• Not be detained or imprisoned.

Applicants must submit their application through designated channels of the Social Welfare Department and provide supporting documents to verify their eligibility.

The application for the Old Age Living Allowance includes a stringent asset assessment to ensure that the subsidy is allocated to elderly individuals who are genuinely in financial need. The assessment covers all assets owned by the applicant and their spouse, including cash, bank deposits, stocks, bonds, investment funds, non-owner-occupied properties, commercial vehicles and their business licenses, gold bars, and gold coins.

Note that owner-occupied property, future-use columbarium niches, and the cash value of insurance policies are not counted towards total assets. As of 1 February 2025, the asset and income limits are as follows:

Income includes wages, commissions, pensions, net rental income, annuity payments, and financial assistance from relatives or friends. Some incomes, such as payouts from reverse mortgage or policy reverse mortgage schemes, may be excluded from income calculations, but unused savings will still be counted as assets.

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References:

• Old Age Living Allowance VS Fruit Money｜From February, both Old Age Allowance and Old Age Living Allowance will increase by 1.3% – Eligibility Criteria / Asset Limits / Allowance Amount Summary - ulifestyle
• Old Age Living Allowance 2025｜Old Age Living Allowance / Fruit Money to increase by 1.3% next month! Get the latest info on allowance amount / asset limits / age requirements / absence from Hong Kong rules / payment dates – all in one article - stheadline
• 【Old Age Living Allowance 2025】Government announces extra half-month payment! How much will be paid? How is the asset assessment calculated? Check out the latest asset limits, eligibility, and application process - Bowtie
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