Subsidy Calculation
The subsidy amount of each month will be calculated on the basis of the actual monthly public transport expenses of the previous month recorded in each Octopus and AlipayHK account (expenses paid with AlipayHK EasyGo QR code for the public transport services covered under the Scheme). Public transport expenses recorded separately under the AlipayHK account and Octopus cannot be combined for the calculation of subsidies.
The Government will provide a subsidy amounting to one-third* of the actual monthly public transport expenses in excess of $500, subject to a maximum of $400 per month for each AlipayHK account and Octopus.
| Example 1: | ||
|---|---|---|
| Monthly public transport expense: | $1100 | |
| Public transport expense after deducting $500: | $1100 - $500 = | $600 |
| Subsidy amount*: | $600 x ⅓ = | $200 |
| Actual transport expense taking into account the subsidy: | $1100 - $200 = | $900 (equivalent to 18% discount on original expense) |
| Example 2: | ||
|---|---|---|
| Monthly public transport expense: | $1800 | |
| Public transport expense after deducting $500: | $1800 - $500 = | $1300 |
| Subsidy amount*: | $1300 x ⅓ = ($433.3) |
$400# |
| Actual transport expense taking into account the subsidy: | $1800 - $400 = | $1400 (equivalent to 22% discount on original expense) |
| Example 3: | |||||
|---|---|---|---|---|---|
| Public transport expenses recorded by Octopus and AlipayHK cannot be combined for subsidy calculation. | |||||
| Monthly Octopus public transport expense: | $1100 | Monthly AlipayHK public transport expense: | $1400 | ||
| Public transport expense after deducting $500: | $1100 - $500 = | $600 | Public transport expense after deducting $500: | $1400 - $500 = | $900 |
| Subsidy amount*: | $600 x ⅓ = | $200 | Subsidy amount*: | $900 x ⅓ = | $300 |
| Actual transport expense taking into account the subsidy: | $1100 - $200 = | $900 (equivalent to 18% discount on original expense) |
Actual transport expense taking into account the subsidy: | $1400 - $300 = | $1100 (equivalent to 21% discount on original expense) |
| Example 4: | |||||
|---|---|---|---|---|---|
| Public transport expenses recorded by Octopus and AlipayHK cannot be combined for subsidy calculation. | |||||
| Monthly Octopus public transport expense: | $950 | Monthly AlipayHK public transport expense: | $500 | ||
| Public transport expense after deducting $500: | $950 - $500 = | $450 | Public transport expense after deducting $500: | $500 - $500 = | $0 |
| Subsidy amount*: | $450 x ⅓ = | $150 | Subsidy amount*: | $0 x ⅓ = | $0 |
| Actual transport expense taking into account the subsidy: | $950 - $150 = | $800 (equivalent to 16% discount on original expense) |
Actual transport expense taking into account the subsidy: | $500 - $0 = | $500 |
Remark:
*33.33% is adopted for calculating the monthly subsidy.
#$400 is the subsidy cap.
*33.33% is adopted for calculating the monthly subsidy.
#$400 is the subsidy cap.