Sun, 22 November 2009
Some 450 pre-Columbian pieces in Quai Branly museum.
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Basil Howitt on criminal investigations in the coastal resorts.
Useful information on renting accommodation in Paris.
Relocating can have a big impact on your relationship.
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Ensuring a proper retirement provision is confusing enough if you sepnd all your life in one country - but for expats on the move it can be a minefield. We look at the difficulties and solutions in keeping those pension payments as one.With a fluid marketplace and the ease of working across borders for European nationals, accumulating retirement savings has become complex.
Nest egg: lack of EU tax harmonisation can see a pension taxed several times
"People are collecting a lot more small bits of pension with different employers," said Bob Sperl, senior international consultant with Watson Wyatt. "The question then becomes is the individual really monitoring what he is collecting and really aware of all the little bits? Or, is perhaps their current employer taking some effort to try to consolidate all the little bits? The latter is very exceptional."
Though an employer may offer means to help prepare for retirement, it is ultimately up to the individual to manage their retirement planning.
"From an employer perspective, they want to say here's how we are going to manage that situation," he said. "Some people will win. Some will lose. Most will end up with only an education and still be left with a decision on what they want to do."
Employees working across borders for the same firm are likely to have their savings protected through the organisation's pension scheme. But someone who works for different employers in different countries could well end up with less than an individual who stayed with the same organisation.
"When you add up the different pensions, this is going to be a much smaller amount than someone who has stayed in the same country with the same employer," said Joseph Verlinden, a Brussels-based consultant who is an expert on pension issues.
Despite the European Union move toward pan-European pensions, tax regulations continue to be governed by bilateral treaties.
"It's going to be very difficult," said Verlinden. "One of the biggest hurdles you are faced with in Europe is the tax hurdle."
Our expert Steven Grover delves into the murky waters of French healthcare for expats and asks how recent changes affect them?
Tax and estate planning figure prominently in the list of priorities of many financially secure expatriate residents of France.
From Gaelic clubs to Canadian Alumni organisations, there is bound to be an English-speaking club for you in France.
This is what you need to consider when making an early choice between purchasing or renting accommodation in France.
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