Pension tips for potentialexpatriates

Professional Adviser
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Relocating an employee overseas can be a costly exercise but advisers can save clients a lot of trouble by encouraging them to prepare an appropriate benefits package that takes account of cultural differences

Pensions, sickness and disability cover are prime pitfalls for clients who accept an overseas assignment. Employees sent to a politically unstable location also need to ensure there are adequate personal security arrangements. The high cost of oversees assignments indicates that employers take these issues very seriously. In some of the world's toughest locations, it can cost a company nine times as much to relocate an expatriate and his or her family than it does to hire a local. The big multinationals are likely to have a formal benefits and pay structure for expats and third country n...

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