It is time for European expats living in other countries to rejoice! The European Union Retirement Benefits Scheme is here and helping pensioners live a better life by allowing offshore pension transfers. Due to the nature of European pensions, expats had very little control over the money that they rightfully deserved. Getting a pensions transfer ed out of most of the European counties was simply impossible, largely due to politics and governments.
EURBS allows a pensioner to have control over some of the money currently in pension accounts. If you are 18-75 then you are eligible for a transfer of 50k, hey that is much better than the previous zero! As these types of accounts are becoming mainstream, more and more expats are finding the numerous benefits of transferring their pensions in to this type of account. The number of EURBS accounts is supposed to explode over the next 5 years in a way never seen.
Tags: eurbs