Debentures and Capital Levy 2026, Final reminder

As you are aware the school operates a capital levy scheme that is charged annually at $21,840 or the choice of a debenture scheme which is $120,000 in total, depreciating over 8 years. 

All schools in Hong Kong require Education Department Bureau (EDB) approval for capital levy and/or debenture schemes.  The school’s current certificate is valid until December 2025 and the school has commenced working with the EDB to review and renew the certificate for a further 5 years from January 2026 to December 2031. 

The current capital levy was last increased in 2019.  Since then, the cost of labour and materials associated with facility maintenance has risen.  The school facility is now 25 years old and routine repairs and replacements costs have increased year on year.  To ensure our learning environment remains contemporary, cutting edge and consistently delivers outstanding results for students, further enhancement projects are necessary. 

Following extensive deliberations and a review of the facility needs of the school, the annual capital levy will be raised from January 2026 to $25,000.  This annual amount will be fixed until December 2031.  Furthermore, the issuing of new debentures will cease for students enrolling in our school from 1 January 2026.  Existing debentures will remain unchanged and will continue to be depreciated until fully drawn down.  When existing debentures are fully drawn down only the capital levy option will be available to parents. 

Thank you for your continued cooperation and support.  Please do not hesitate to reach out to Kevin Elliott Head of Finance and Operations with any questions

Please note this is the third and final reminder following emails sent in April and July 2025.