Budget 08 November 2013

kevinson

11 November 2013 12:37:51

kevinson

11 November 2013 12:37:51

Hi all.

What you want to share concerning the budget of the government of Mauritius, presented by the Vice Prime Minister/Finance Minister of Mauritius Mr Xavier Luc Duval?

What were ok and what were not?

Please share......

Francesm

Member

Member since 03 October 2012

Grande Baie

Francesm

11 November 2013 12:46:22

Francesm

11 November 2013 12:46:22

Grande Baie

Hi my only query is why expats are being asked to contribute to the National Pensions Fund and National Savings Fund when we are usually only here short term. Are these contributions going to give me a state pension aged 65? How does that work?

kevinson

11 November 2013 16:29:32

kevinson

11 November 2013 16:29:32

AS per the 2014 Budget, there will be some modifications regarding the Retirement Scheme.

Foreigners who choose to retire in Mauritius will now have the right to purchase an apartment upon a minimum transfer of USD 120,000 at the time of the application.

As for the annual transfer USD 40,000, it is still unclear if there will be changes or not.
I think some more precise details will be communicated soon.

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