Both employees and employers in China pay contributions to the Social Security scheme. These are used to fund healthcare, state pensions, unemployment benefit and other state benefits.
You may be able to continue paying social security contributions in your home country. If this option is available to you, it is advisable do so in order to preserve your right to a full EU state pension, for example.
Update 13/05/2011
If you want to move money abroad, from China or to China for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Fexco will help you to keep your overseas money transfer costs to a minimum.
Margin | 0.6% |
---|---|
Regulator | FCA |
Fee | £10 < £5K or Free > £5k |
Mini | £1K |
Ccy | All (130 currencies, incl ‘exotics’) |
Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.