Hong Kong announced that, as of last July, average life expectancy was 81.32 years for men and 87.34 years for women, retaining the world's highest ranking for the second consecutive year. The importance of preparing for 100-year lives in Japan as a longevity society was also discussed, along with the need for asset management.
Hong Kong's average life expectancy was released last July and was reported at 81.32 years for men and 87.34 years for women, retaining the world's highest ranking for the second consecutive year. Longer life expectancy is prompting society to reconsider how time should be planned.
Amid discussion of how to live longer lives, concerns such as pensions and rising prices have highlighted the reality that savings alone cannot cover all needs, and asset management was presented as an important form of preparation.
Hong Kong imposes no gift or inheritance tax, and capital gains and dividends from investments are also tax-exempt, which was explained as increasing financial institutions' expectations for asset management. This is strengthening Hong Kong's position as a financial centre with access to assets around the world.
A note was included stating that Japanese residents are liable for tax in Japan on income from managing overseas assets, reaffirming the importance of asset planning for 100-year lives. The article identifies Nippon Wealth Limited as the provider of the column.
In light of expanding asset management opportunities and changes in the international investment environment, the article indicated that individual investors, including those in Japan, have opportunities to access investment products meeting global standards and service quality meeting Japanese standards.