Elderly Care Link+ waives cross-border fees for local seniors in Guangdong

Macau residents living in Guangdong will soon receive social security payments without cross-border remittance fees under an upgraded pilot scheme launching on June 12. The “Guangdong-Macao Elderly Care Link+” expands on an earlier pension-only trial to cover the Social Security Fund’s (FSS) “Two pensions and five allowances,” including old-age and disability pensions, as well as marriage, birth, unemployment, sickness, and funeral allowances – plus Central Provident Fund (CPF) payouts. Approved applicants can have funds automatically credited to designated personal accounts at any mainland Bank of China (BOC) or ICBC, with no remittance costs.
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