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Portability of pension funds across the EU
Pensions, tax benefits, and national borders
I saw the end of a news report on BBC World to the effect that the EU Commission was going to look at simplifying pensions for people who had worked in different EU countries. Did anybody else see this, or does anyone have any more information?
This link is a little old now, but may help you:
Changes afoot in EU pension regulations
Changes afoot in EU pension regulations
QUOTE (Robert O'Connor @ HR Magazine)
In October 2002, the European Court of Justice (ECJ) declared that tax benefits for pension contributions should apply regardless of national borders. The court ruled in the case of Rolf Danner, a dual German-Finnish national, who moved from Germany to Finland and wanted to continue to pay into two German-based pension funds. Finnish authorities claimed he should be subject to taxes on these contributions. Danner argued that the contributions should be regarded, for tax purposes, in the same way as payments made to a Finnish pension.
The court ruled in favor of Danner, saying that EU member states would be wrong either to limit or disallow tax benefits on "contributions to voluntary pension schemes paid to pension providers in other member states."
The court ruled in favor of Danner, saying that EU member states would be wrong either to limit or disallow tax benefits on "contributions to voluntary pension schemes paid to pension providers in other member states."
Which brings up an interesting question which as I far as I know hasn't been answered. But one of the founding articles of the EU is (was?) the free movement of capital and labour. Labour mobility is, if you can find a job, excellent, its only a matter of popping into the local government office filling out some paper work and your off and running.
But what about pension rights? Do they transfer. Many people here have worked in various European countries do pension rights transfer with you or do you end up with 3 or 4 small pensions? What if you don't work the 5 years required?
Being as England has some of the lowest pension in the EU having pension rights somewhere can't hurt.
But what about pension rights? Do they transfer. Many people here have worked in various European countries do pension rights transfer with you or do you end up with 3 or 4 small pensions? What if you don't work the 5 years required?
Being as England has some of the lowest pension in the EU having pension rights somewhere can't hurt.
Try doing a search, I'm quite sure this topic has come up before (though maybe not as a separate thread).
This 79 page document (eek!) might be of some interest.
EU proposal for improvement of portability of supplementary pension rights
Although it's a working document dated 20 Oct, 2005 - just a few months after the start date of this forum topic.
EU proposal for improvement of portability of supplementary pension rights
Although it's a working document dated 20 Oct, 2005 - just a few months after the start date of this forum topic.
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