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Non-mandatory Central
Provident Fund System

Examples of Income Calculation

Income calculation period:  January 1 through December 31

Example 1:
Mr. Lee, an account owner, has never applied to withdraw the balance or transfer the funds to other sub-accounts(assuming the rate of return is 0.003912%)

The government-managed sub-account balance of Mr. Lee as at January 1 is 50,000 patacas, and 7,000 patacas were injected on July 15.  Therefore, the income for Mr. Lee’s government-managed sub-account for the income calculation period (January through December) is calculated as follows:

Example 2:
Mr. Wong, an account owner, has withdrawn the balance or transferred the balance to other sub-accounts (assuming the rate of return is 0.003912%)

The government-managed sub-account balance of Mr. Wong as at January 1 is 7,038 patacas.  On 15 March of the same year, all balances were withdrawn or transferred to other sub-accounts, and 7,000 patacas were injected on July 15.  Therefore, the income for Mr. Wong’s government-managed sub-account for the income calculation period (January through December) is calculated as follows: