The Financial Secretary proposed to increase the following allowances commencing from the year of assessment 2026/27:

Basic Allowance: from $132,000 increase to $145,000
Married Person’s Allowance: from $264,000 increase to $290,000
Single Parent Allowance: from $132,000 increase to $145,000
Child Allowance (for each of the 1st to 9th child): from $130,000 increase to $140,000
Additional Child Allowance (for each child): from $130,00 increase to $140,000
Dependent Parent / Grandparent Allowance (for each dependant): aged 60 or above from $50,000 increase to $55,000; aged 55 or above but below 60: from $25,000 increase to $27,500