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Long Service Payment Valuation (LSP Valuation in Hong Kong)

In the sector of long service payment valuation, Valtech is truly professional and experienced. All of the track records we share with our clients are directly related to LSP valuation but not valuation of other nature. Valtech also provides further support in providing or reviewing figures for accounting disclosure such as sensitivity testing, discount rates etc.

Valtech Valuation’s Response to Commonly Asked Questions of Long Service Payment Valuation in Hong Kong

Categories: HKAS, Hong Kong, Long Service Payment Valuation (LSP Valuation in Hong Kong)|Tags: |

Under Hong Kong law (the Employment Ordinance), the Long Service Payment is a mandatory benefit payable to employees upon termination under specific circumstances (e.g., redundancy, expiration of contract, or long service). Because the ultimate payment is based on an employee's salary and length of service at a future date (which is uncertain), HKAS 19 / IAS 19 classifies LSP as a "Defined Benefit Plan."

Navigating the New LSP Landscape: Why Professional LSP Valuation Trumps Simplistic Automation

Categories: Financial Reporting IFRS HKFRS, Hong Kong, Long Service Payment Valuation (LSP Valuation in Hong Kong)|Tags: |

As Hong Kong approaches the May 2025 transition, where the Mandatory Provident Fund (MPF) offsetting mechanism for Long Service Payments (LSP) has be abolished, companies face a significant shift in how they must calculate and report these liabilities. At Valtech Valuation, we believe that fulfilling these requirements is not merely a matter of data entry,

The May 2025 MPF Reform in Hong Kong: Why Your Long Service Payment Valuation Needs More Than Just a Calculator

Categories: Long Service Payment Valuation (LSP Valuation in Hong Kong)|Tags: |

Employers can no longer use their portion of MPF contributions to offset Long Service Payments (LSP) for employment periods after this date, leading to a significant, unhedged liability on the balance sheet

Valtech – A Trusted Consultancy in LSP and DBO Valuation

Categories: Business Valuation, Long Service Payment Valuation (LSP Valuation in Hong Kong)|Tags: , , |

Valtech provides trusted actuarial valuation for Hong Kong's LSP & DBO obligations. Gain clarity on employee benefit costs for better financial planning.

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