Forum Luxembourg

[Expat1]

Hi all,

I'm looking for some information on Luxembourg pensions after one leaves Luxembourg before the minimum 10 year contribution.

I have worked in Luxembourg and made contributions collectively for 4 years, but have since left due to other job requirements. I am continuing to pay into my Luxembourg pension on a quarterly basis so to keep the fund active, but I was wondering if this is still required - the pension laws seem to be changing a lot recently. I am working outside EU and I'm not sure Australia is affiliated with Luxembourg, does anyone know where I can find this information?

What my plans is, would be to pay unto the 10 year limit to receive minimum contributions when I retire but would it not just be easier to withdraw fully from Luxembourg and make my own investments?

Many thanks all, appreciate any info.

[texkourgan]

The Expat Guide to Luxembourg is the best place to start. The section on pensions in Luxembourg gives an overview of the system.

"To be eligible for an old age pension in Luxembourg, you must have made contributions in Luxembourg or another EU country for at least 120 months. If at retirement age you haven’t made sufficient contributions, you don’t receive a pension; instead the contributions that you’ve made in Luxembourg are returned to you, excluding any employer contributions that have been made on your behalf."

From Australia's Department of Human Services site (http://www.centrelink.gov.au/internet/i ... agreements) it doesn't appear they have a reciprocal agreement with Luxembourg. Your embassy can give you details concerning the presence of reciprocal agreements. If they do have an agreement, this means that you will get full or partial credit for contributions made in your country.

Anyone else have experience or tips?

[Expat1]

Great stuff thanks! I'll start reading up on that.

[Justcheckin]

Is there any website showing how much a pensioner living in Luxembourg can earn without paying tax/losing pension/whatever/financial penalties?