Budget 08 November 2013

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kevinsonGuest11 November 2013 10:37:51

214245

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

FrancesmMember11 November 2013 10:46:22

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 Guest

kevinsonGuest11 November 2013 14:29:32

214245

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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