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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
Australia June 2024 Governance 2024-25 May Budget Employment Measures Medium https://aon.io/3KGEOfj
  May 2024 State pension reform Consultant for regulations High https://aon.io/3WY1DCs
  May 2024 Taxation / Social security change Treasury Laws Amendment (Better Targeted Superannuation Concessions) Bill 2023 High https://aon.io/3yEyfag
  May 2024 Taxation / Social security change 2024 Rates and Thresholds Medium https://aon.io/452S33h
  March 2024 Risk management Proposed amendments to Prudential Standard SPS 114 operational risk financial requirement and its associated guidance High https://aon.io/3TjXI0C
  March 2024 Social security change Superannuation on paid parental leave Medium https://aon.io/497edSk
  March 2024 Governance Work Bonus policy changes Medium https://aon.io/3P2q3Wv
  February 2024 Governance Underpayment of wages by employers High https://aon.io/3ucRB4t
  February 2024 Social security change National Employment Standards (NES) Superannuation Contributions Medium https://aon.io/3UkGReZ
  December 2023 Governance Guidance on the registration of financial advisers Medium https://aon.io/3uVp7wa
  December 2023 Pension plan benefits Superannuation system Medium https://aon.io/3RvBUwR
  October 2023 Governance Prudential Standard CPS 511 Remuneration updates Medium https://aon.io/3rHnBwc
  August 2023 Taxation / Social security change Rates for super contributions and drawdown Medium https://bit.ly/3rXnWdY
  August 2023 Investment policy Final investment governance guidance Medium https://bit.ly/3DSdwiF
  July 2023 Governance Fair Work Legislation Amendment (Protecting Worker Entitlements) Act 2023 High https://aon.io/3q2Kjhs
  July 2023 Social security change Primary changes to superannuation High https://aon.io/3PVcp9e
           
Bahrain May 2024 Social security change End-of-Service Benefit Program for Non-Bahraini Employees High https://aon.io/3wGWcfW
           
Bangladesh October 2023 State pension reform Universal Pension Scheme High https://aon.io/404WZlT
           
Georgia December 2023 Investment policy On Accumulated Pension Law changes Medium https://aon.io/46RsIZj
           
Hong Kong August 2023 Governance Abolition of offsetting arrangement Medium https://bit.ly/47iHoly
  July 2023 Governance Electronic Mandatory Provident Fund (eMPF) Platform update Medium https://aon.io/3KfmqdB
           
India February 2024 Social security change Annual interest rate for Employees Provident Fund (EPF) accounts Medium https://aon.io/3Tdjdju
  February 2024 Governance Pension on Higher Wages requirement extension Medium https://aon.io/4bo431X
  February 2024 Governance Payment of Gratuity Act/Benefits Alert Medium https://aon.io/48yDaWH
  December 2023 Pension plan benefits Facility of Systematic Lump Sum Withdrawal Medium https://aon.io/3RCfSc2
  November 2023 State pension reform Extension of time Medium https://aon.io/3SsDK3F
  August 2023 Taxation / Social security change Tax exemption limit for encashment of earned leaves Medium https://bit.ly/3sdgo75
           
Indonesia May 2024 Pension plan benefits Pension Reform High https://aon.io/4bGn1jX
  January 2024 Taxation 2024 tax withholding rates Medium https://aon.io/3HrPflc
           
Iraq April 2024 Social security change Reform for retirement and social security High https://aon.io/43JeUA0
           
Israel January 2024 Pension plan benefits 2024 pension limits and allowances Medium https://aon.io/3vOvzFF
  November 2023 Governance Monthly Retirement Update Medium https://aon.io/47OEgNV
  September 2023 Governance Retirement Update (1) Medium https://aon.io/3Pkmpqu
           
Kazakhstan September 2023 Social security change Proposed budget measures Medium https://aon.io/3LxgeOF
           
Lebanon April 2024 Social security change Proposal for converting its end-of-service compensation High https://aon.io/4aFPupz
  February 2024 State pension reform Pension system for private sector workers High https://aon.io/3uEJZrP
           
Malaysia April 2024 Investment policy Updated Eligibility List for eligible unit trust funds Medium https://aon.io/3vMNkFD
  February 2024 Social security change Employees Provident Fund (EPF) policy improvements for retirement Medium https://aon.io/3UNJp5I
  October 2023 Social security change Retirement measures proposed Medium https://aon.io/3QFdG4h
           
Mongolia April 2024 Social security change General Law on Social Insurance Medium https://aon.io/3UqaVFD
           
New Zealand June 2024 Taxation Basic Tax Rate changes Medium https://aon.io/3KNGjII
  February 2024 Governance The Employment Relations (Protection for Kiwisaver Members) Amendment Bill update Medium https://aon.io/3TnUWYp
  September 2023 Social security change The Employment Relations (Protection for KiwiSaver Members) Amendment Bill High https://aon.io/45NHS1U
           
Oman September 2023 Pension plan benefits Decree No. 52 of 2023 High https://aon.io/3EAMTix
           
Philippines March 2024 Taxation / Social charges Proposed tax measures Medium https://aon.io/49bUG3k
           
Singapore June 2024 Social security change New contribution rates for senior rates Medium https://aon.io/3VElHsF
  November 2023 Social security change Central Provident Fund (Amendment) Bill 2023 High https://aon.io/47cRCUl
  November 2023 Governance National Wages Council Guidelines for 2023/2024 Medium https://aon.io/3QD2Haa
  October 2023 Taxation / Social security change Budget proposal Medium https://aon.io/3Fmti65
           
Singapore May 2024 State pension reform Proposals for pension reform High https://aon.io/3V0TDOr
  February 2024 Taxation / Social security change 2024 budget measures Medium https://aon.io/3UUwPkU
           
Thailand November 2023 Social security change New elderly allowance requirements Medium https://aon.io/3SuDUrq
           
Turkey January 2024 Social security change Minimum and maximum limits of salaries subject to social security contribution Medium https://aon.io/48VEYK0
  November 2023 State pension reform Regulation on Partial Payment in the Private Pension System Medium https://aon.io/3MqddQG
           
Turkmenistan August 2023 Governance Wage and pension amount increase Medium https://bit.ly/45taVat
           
United Arab Emirates May 2024 Pension plan benefits Voluntary Alternative End-of-Service Benefits Scheme update High https://aon.io/3Kc5sfW
  March 2024 Governance Dubai International Financial Centre (DIFC) Law Amendment Law, No. 1 of 2024 Medium https://aon.io/49fkcoj
  January 2024 Social security change Decree Law No. (57) of 2023 provisions High https://aon.io/3RZIsUF
  September 2023 Governance Optional System for End-Of-Service Gratuities Medium https://aon.io/44YXcrs
           
Uzbekistan December 2023 Taxation / Social security change New pension amounts and monthly salary Medium https://aon.io/3NoQMMt
           
Vietnam July 2023 Social security change Draft Law on Social Insurance (amended) High https://aon.io/46Y2G7W

 

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