Imagine you are being sent to work abroad in an EU member state by your company. Your employer encounters very little difficulty in actually sending you to work there – work permits are easily obtainable and currency is now much more simple with the introduction of the euro. However, as the situation currently stands, the same may not be said for your pension scheme.
When you are sent to work abroad, you may have to leave your current company’s scheme and join a different scheme of the same employer established in the country where you will reside and work. Furthermore, if you had a personal pension policy or, being able to remain in the home country scheme, wanted to continue to make contributions to the pension scheme in your home state, you would find that your contributions are not tax deductible under the tax laws of your new workplace.
