Choosing Joint Assessment does not reduce the total tax deductions available to a married couple. Eligible VHIS (Voluntary Health Insurance Scheme) and QDAP (Qualifying Deferred Annuity Policy) can be combined under Joint Assessment to calculate the assessable income and the maximum deductible amounts. For example, under QDAP, a married couple may jointly enjoy a maximum tax deduction of HKD 120,000.
2025/26 Tax-Savings Tips
AXA WiseGuard Pro Medical Insurance Plan — A 5-Star Medical Experience
- Exceptional value — starting from only HKD 9 per day3
- Enjoy waiver of admission deposit and cashless discharge service4
- Market exclusive5 VHIS plan achieving 10Life 5-star rating for 5 consecutive years across all three ward classes
Multiple Rewards: Tax Deductions, Premium Rebates & Referral Privileges
- You can enjoy tax deductions of up to HKD 8,000 upon successful application1,6
- Get up to 6 months’ premium rebate* upon successful enrolment
- From now until 31 March 2026, if you and your family members or friends successfully enrol in AXA WiseGuard Pro Medical Insurance Plan, and complete registration for AXA "Family with Friends Reward" Programme on or before 31 May; you may get up to 12 months premium refund* with family members and friends.
Limited offer for Tax Season - Enjoy HKD 100 gift voucher by chance
From now until 31 March 2026, schedule a meeting with our financial consultant and complete a Customer Needs Analysis to get a chance to receive a HKD 100 gift voucher. Limited quota, first come first served*.
Tax Savings Calculator
Enter your basic information to immediately perform tax estimation without the hassle of complicated processes.
Use the AXA’s Tax Savings Calculator to find out how much you can save this year and explore how these tax benefits can open the door to enhanced protection and enriched life enjoyment.
How to maximize the benefits of Tax-Saving Duo?
FAQs#
Will joint tax assessment affect the amount of tax deductions available for married couples?
How is the tax deduction for Voluntary Health Insurance Scheme (VHIS) calculated?
VHIS tax deductions are based on actual premiums paid, with up to HKD 8,000 per specific relative insured person per year, with no limit on the number of insured persons, provided the policy is a government‑certified VHIS plan.
How is the tax deduction for a Qualifying Deferred Annuity Policy (QDAP) calculated?
For QDAP, the deduction equals the actual premiums paid in the year, combined with deductible MPF TVC, subject to a cap of HKD 60,000 per taxpayer per year.
What is the difference between Standard and Flexi VHIS plans? Are both schemes tax deductible?
Standard Plan: Government prescribed basic hospitalisation and surgical coverage with regulated benefits and limits.
Flexi Plan: Enhanced benefits on top of Standard (e.g., higher limits, room choices, additional protections), with plan specific premiums and terms.
Both are certified VHIS and tax-deductible.
Remarks:
*For details, please refer to the relevant promotion leaflet. Terms and conditions apply. Please note any premiums paid for any supplements attached or any premium refund/discount will not be qualified for tax deduction.
1. Assuming the Hong Kong taxpayer has enrolled in one certified Voluntary Health Insurance Scheme (VHIS) plan and one Qualified Deferred Annuity Policy (QDAP), and the calculation is based on the maximum tax rate of 17% for illustrative purpose only. Only the eligible premiums actually paid for the QDAP or VHIS products are tax-deductible. Each taxpayer may claim maximum tax deductions amounts, including QDAP and MPF tax deductible voluntary contributions (TVC) deduction cap of HKD 60,000 per year, and VHIS deduction cap (Per specified relatives insured) of HKD 8,000. For details on tax deductions, please refer to the product brochure and visit the website of Inland Revenue Department, or contact the Inland Revenue Department directly for any tax-related inquiries.
2. For more information, please refer to www.ird.gov.hk or seek independent tax advice.
3. The premium shown above is based on the annual premium for AXA WiseGuard Pro Medical Insurance Plan at the "Regular" benefit level (HKD 50,000 annual deductible). Calculated for a 30-year-old non-smoking male insured residing in Hong Kong or Macau under the basic plan.
4. Only applicable to designated medical plans, allowing clients to access services at designated healthcare network institutions without prepayment and enjoy cashless services. For more details, please refer to the promotion leaflet of AXA Signature Network.
5. Source: 10Life, an insurance information and comparison platform. The term "market exclusive" refers to AXA WiseGuard Pro Medical Insurance Plan, which is the only VHIS plan to win the 10Life 5-Star Insurance Award for five consecutive years across all room categories (general ward, semi-private room, and standard private room). Among these, the “Regular” and “Enhance” benefit levels were rated as "5-Star Voluntary Medical Insurance" in the 10Life 5-Star Insurance Award 2026, while the "Premier" and "Noble" benefit levels were rated as "5-Star High-End Medical Insurance." Data as of 2nd January 2026.
6. Taxpayer who or whose spouse is the policyholder of a policy issued under a certified plan under VHIS may claim tax deductions up to HKD 8,000 per insured person per year of assessment for the premiums paid in relation to the certified plan. The insured person should be the taxpayer or any specified relatives, which cover your spouse and children; and you or your spouse's grandparents, parents and siblings.
7. Only applicable to policies with issue age of 18 - 40.
8. After the accumulation period, customer can receive monthly annuity payments for a duration of up to 20 years. Please refer to the relevant product brochure for details.
9. Source of information: 10Life, an insurance information and comparison platform. The above score and information provided by 10Life as of 2nd January, 2026 is for reference only, and do not constitute an offer to sell or recommendation to purchase any insurance product. AXA is not responsible or liable for any rating, score, information or service provided by 10Life.
10. The aggregate maximum tax deductible limit is HKD 60,000 per taxpayer during the year of assessment for "Individual taxpayer " option; the aggregate maximum tax deductible limit is HKD 120,000 during the year of assessment for "Joint taxpayers" option. It is an aggregate limit for both tax deductible MPF voluntary contributions and QDAP premiums.
11. Applicable to policy with a premium payment term of 10 years and subject to terms and conditions. Please refer to product brochure and promotional leaflet for more details.
12. Using a hot Americano as an example, the price of a large cup of coffee is HKD 39. The tax savings at HKD 11,560 are therefore equivalent to approximately 296 large cups of coffee. The above is for reference only. Source: Chain coffee shops menu 2025.
13. Based on the fare difference between Premium Economy and Business Class for a round trip between Hong Kong and Tokyo.
Source: Local flight search on 20 January 2026 for travel from 20–24 January 2026, with a price difference of HKD 3,030.
14. Calculated based on an annual subscription fee of approximately HKD 803 for a short drama streaming platform. Source: People’s Daily Online, 2025.
Disclaimer:
Terms & Conditions apply. Information on this webpage is for reference only, and not intended to be a complete description of the applicable terms and conditions. Please refer to the relevant product brochure, policy contract and promotion leaflet for details for detailed terms and conditions. You should not purchase a policy based on the information on this website alone.
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