A social security agreement may protect you from double superannuation coverage. The Ministry of Human Resources and Social Security requires foreign employees working in China to participate in its social insurance scheme as detailed in the Interim Measures for the Participation in Social Insurance of Foreigners Employed in China, 2011. If you want to apply for, or have questions concerning Chinese benefits, please contact: GA_googleAddSlot("ca-pub-8911946301993275", "EB_160x600_Hong_Kong"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_Hong_Kong"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_120x600_Australia"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_160x600_United_Kingdom"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_728x90_Malta"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_160x600_United_Kingdom"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_728x90_Australia");
You cannot draw on your Chinese pension benefits unless you have at least 15 qualifying years of contributions. GA_googleAddSlot("ca-pub-8911946301993275", "EB_160x600_Australia"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_120x60_ROS_3"); Many expatriates are unlikely to get any money back from Chinese social insurance. GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_India");
googletag.defineSlot('/9269112/EB_300x100_ROS_s2', [300, 100], 'div-gpt-ad-1551830180170-0').addService(googletag.pubads()); BPIF contributions must be made by the employer as well as the employee, up to a maximum limit specified by law. GA_googleAddSlot("ca-pub-8911946301993275", "EB_160x600_United_States");
However, any amount above the maximum limit is a deemed fringe benefit, and is taxed accordingly (up to 45%). » Safety and Emergencies for Expats in China, » Family Life and Childcare for Expats in China, » Solo Living and Dating for Expats in China, » Entertainment, Media and Television for Expats in China, » Driving and Public Transport for Expats in China, » Government, Politics and Legal Systems for Expats in China. The suggested rate is no more than 20% of the total employees’ salary payments. Learn more about each part. GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_ROS"); The minimum retirement age in China is 60 for male and 50 for female, provided they have worked and paid social security contributions for at least ten years. GA_googleAddSlot("ca-pub-8911946301993275", "EB_120x600_Hong_Kong"); All rights reserved. The requirements are as below: If you are the spouse of a Chinese citizen or a person who has obtained a permanent resident visa, you can also apply for such visa providing you have been married more than five years and you have been continuously living in China for five years.Â, If you still hold a citizenship and retired in another country, there is no restriction on you living in China. By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy. GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_India"); » Pensions for Expats in China GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_China"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_Thailand"); googletag.defineSlot('/9269112/EB_728x90_ROS', [728, 90], 'div-gpt-ad-1551830046655-0').addService(googletag.pubads()); In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_Home_2"); Any individual working in China, regardless of nationality, must contribute towards Chinese social insurance. GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_United_States"); On a reciprocal basis, the Agreement ensures that persons from China posted to work temporarily in Canada remain covered under the pension program of China. » Driving and Public Transport for Expats in China
As a general rule, pension payouts are only taxable in your country of residence.
If you are considering moving to China or are soon to depart, you can find helpful information and advice in the Expat Briefing dedicated Chinese section including; details of immigration and visas, Chinese forums, Chinese event listings and service providers in China.
GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_Home_3"); I argued with the priors and was told not to argue with the second. Normally you would not receive a state pension unless you have paid pension contributions in China.
GA_googleAddSlot("ca-pub-8911946301993275", "EB_120x60_ROS_5"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_120x600_India"); Generally, this only affects payouts, but there is no guarantee that capital growth will be untaxed in your home country (e.g.
If you do not hold Chinese citizenship but want to live in China for a long time, you will need a visa. googletag.defineSlot('/9269112/EB_300x250_ROS_1', [300, 250], 'div-gpt-ad-1598871633589-0').addService(googletag.pubads()); var googletag = googletag || {}; The threshold is US$1m if you invest in middle China and  US$500,000 if you invest in western China or your investment is in an encouraged industry listed on "The Foreign Investment Industrial Guidance”.
GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_Malta"); googletag.defineSlot('/9269112/EB_300x100_ROS_s2', [300, 100], 'div-gpt-ad-1551830180170-0').addService(googletag.pubads()); GA_googleAddSlot("ca-pub-8911946301993275", "EB_120x600_ROS"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_728x90_China"); });
googletag.defineSlot('/9269112/EB_300x100_ROS_1', [300, 100], 'div-gpt-ad-1551830148008-0').addService(googletag.pubads()); If you are considering moving to China or are soon to depart, you can find helpful information and advice in the Expat Briefing dedicated Chinese section including; details of immigration and visas, Chinese forums, Chinese event listings and service providers in China.
Pension payouts also attract concessional tax-treatment, if not full exemption. GA_googleAddSlot("ca-pub-8911946301993275", "EB_728x90_ROS"); Working in China can be rewarding as well as stressful, if you don't plan ahead and fulfill any legal requirements. Therefore, you would need to pay your healthcare expenditures unless your employer has paid medical insurance for you in China. Interesting article. GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_Hong_Kong");
» Insurance for Expats in China.   You may need to apply for a visa before you go to China if you do not register as a member on a Chinese Household Registration Book. Â. GA_googleAddSlot("ca-pub-8911946301993275", "EB_728x90_ROS"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_United_Kingdom"); » Fitness and Sport for Expats in China Facebook. BPIF contributions rates are also specified by law, but they may vary from one province to another. var googletag = googletag || {}; googletag.defineSlot('/9269112/EB_728x90_ROS', [728, 90], 'div-gpt-ad-1551830046655-0').addService(googletag.pubads()); » Family Life and Childcare for Expats in China » Shopping for Expats in China Retaining your foreign pension arrangements may be the most practical option if you don’t intend to stay in China. Tweet googletag.defineSlot('/9269112/EB_728x90_Home_1', [728, 90], 'div-gpt-ad-1551830263648-0').addService(googletag.pubads());
Will look into it a bit more. GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_ROS_2"); For example, you can obtain a permanent resident visa if you meet certain requirements. Generally, this only affects payouts, but there is no guarantee that capital growth will be untaxed in your home country (e.g. Working in China can be rewarding as well as stressful, if you don't plan ahead and fulfill any legal requirements. Important Notice: This website is maintained sporadically, people may still join and membership is still open, but if you are a spammer, stay away. For the most part, the Changchun Friends website is not very active and has been superseded by the Tencent "Wechat" app by the local expat community. » Solo Living and Dating for Expats in China You should check your tax treaty to make sure you don’t fall under an exception. » Communications for Expats in China Employees must pay a minimum contribution of 8% of relevant income to the BPIF. GA_googleAddSlot("ca-pub-8911946301993275", "EB_120x600_India"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_120x600_China"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_728x90_China"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_160x600_United_States"); There are plans to make it more useful for static information in the future. GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_ROS_2"); Pension contributions are made along with other Chinese national insurance contributions. GA_googleAddSlot("ca-pub-8911946301993275", "EB_120x600_Malta"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_300x250_ROS"); GA_googleAddSlot("ca-pub-8911946301993275", "EB_120x60_ROS_2");
GA_googleAddSlot("ca-pub-8911946301993275", "EB_120x600_Malta"); » Wealth Management for Expats in China If you still hold a citizenship and retired in another country, there is no restriction on you living in China.