Residents of Hong Kong are up for a Free $6,000

 
Every resident of Hong Kong will soon be able to collect a HK$6,000 payout that was promised during this years budget.
 

Everybody to Grab $6.000

When the payout was first proposed by the Financial Secretary, John Tsang, it was to come about as an injection into everybody's pension fund. The citizens realized they would not get their hands on any money until they retire and made for a few sad faces. A change of heart then came about to allow everybody to feel the cash between their fingers.

With the pension idea out of the window, each resident will now have a payment made to their bank accounts in phases. This is not the first time Hong Kong has operated on a system like this. When the Territory was introducing new electronic Identity cards where residents were processed in batches over some months according to their date of birth.

This time the lucky ones will be the elderly who can start applying in August and shortly after will have the bonus deposited in their bank accounts. Those of us a bit younger will have to wait longer.

Altogether around HK$36 Billion will be paid out to Identity card holders. Those who can decide to wait a bit longer to register which would reduce the workload in processing, can receive and extra HK$200 payment. The initial scheme is due to end in March 2012 which would give plenty of time for those who have somehow not heard of the news.