Even if you are contributing to the Chinese social security scheme via deductions from your pay, you will need to ensure that you have adequate pension scheme coverage.
If you are working for a large multinational company, your package should include membership of a corporate pension scheme. There are many providers, including the international banks, who offer personal pension schemes should you need to arrange to make additional contributions.
In order to protect your entitlement to the state pension in your home country, it is advisable to continue making payments to your home country's social security scheme for as long as possible. Many countries offer expatriated staff the opportunity to make voluntary contributions during their absence from the country.
Update 11/09/2006
Keep more of your money when transferring funds overseas!
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.
Why Fexco
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.
Main characteristics
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. |
Get an online quote today
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.