Retirement Savings Plans for Expats

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Retirement Savings Plans
for Expats

Retirement saving plans for expats in Vietnam:

Important Factors to Consider

In your twenties, saving for retirement is unlikely to be at the forefront of your financial priorities. Early retirement planning for expats in Vietnam means a secure retirement.

When you have lived in one country your whole life, retirement preparation is much easier and less complicated than it is for expats. You pay taxes, but you’ll be eligible for a government pension after you retire. You may also put money into private pension plans, and if you’re lucky, your employer can match your contributions. 

Any of the above solutions are out the window when you’re an expat. Retirement savings schemes for expats in Vietnam are complicated because you are unlikely to get a pension. You will not be able to apply for similar pension benefits if you work in Vietnam as an expat. 

Furthermore, most expats resist local property acquisitions, so they will opt for annual leases rather than purchasing a home.

Despite the various advantages of being an expat, you must be cautious about your financial planning when working in Vietnam or any foreign country.

Here are few suggestions to help expats in Vietnam save for retirement savings schemes.


If you receive a high salary as an expat, retirement savings plans for expats in Vietnam are not required by law. As a result, you must have a solid pension package in place.

Most countries provide social security to their people. You must be a citizen of the nation to use the savings you applied to the scheme. 

As a result, before you start planning your retirement, find out if your home country has a social security agreement with your expat country. If an agreement exists, you can quickly switch your pension payments. Your retirement becomes more difficult if the two countries do not reach an agreement. 

Expats will also profit from fantastic deals in Vietnam. A higher pay, pensions, or regular compensation could all contribute to this. While this will boost your savings, you should wait before you learn how to access the money in your home country tax effectively before getting too excited.

When Will You Retire?

You must decide what you want to accomplish and set a time limit for better preparation. For example, when do you plan to retire? Do you want to retire in your home country or Vietnam?

If you just got a job in Vietnam or aren’t quite ready to settle down, you can still plan for the future. Knowing what you want to do in the next ten to twenty years means capitalizing on the current position. If you want to retire early, you should save wisely and build retirement plans for expats in Vietnam.

For example, if you want to retire in Vietnam, first focus on your citizenship and then consider the cost of living to ensure you save enough money. If you return to your home country, you must consider how to pass your retirement funds in a tax-efficient manner.

Start Saving Early

Starting proper retirement saving plans for expats in Vietnam today is essential for preparing for your upcoming retirement, as it will enable you to relax and enjoy your retirement days without worrying about your finances. Starting early would make achieving your retirement objectives even simpler.

Furthermore, you can continue to take more chances while you are young, and the capital would have more time to rebound if the price drops.

So the sooner you start saving, the more substantial your savings portfolio would be. When you begin saving to a pension scheme in your 20s and plan to withdraw at 65, for example, your retirement would be secure and you will not have to contribute too much.

Solidify your Retirement Savings

Since they are unable to tap their home-based pension accounts, many expats have a negative retirement experience. It’s important to maintain track of mutual plans and, if at all necessary, consolidate them.

Expats also migrate because their contracts are limited and enable them to work in a country for a few years before relocating. As a consequence, throughout their expat career, they wind up contributing to a few systems.

Retirement programs do not necessarily materialize, unfortunately, and the bulk of savings are short-term. After a time, many expats lose sight of their money because it will never bear fruit.

The majority of expats leave their savings accounts due to the lack of knowledge about how to access them. Tenzing investment planners with cross-border expertise can be willing to assist you in retrieving funds if you have lost sight of a pension pot.

Be mindful of Currency Fluctuations

Currency movements have an effect on the sum of funds required for retirement. The value of your state pension will change based on the currency.

You may use a currency broker to limit fluctuations by ensuring a set exchange rate if you choose to retire in Vietnam. You may even recommend that the pension be compensated in the domestic currency of the foreign government.

Retirement saving plans for expats in Vietnam are critical and should be done with the help of a professional, so don’t hesitate to contact us and get a quote today!


Retirement saving plans for expats in Vietnam can be complicated, and there is no one-size-fits-all solution. Before making any decisions regarding your pension, you should consider all of your options to determine what is best for you and your specific circumstances.

Tenzing Pacific Services was built on the principles of offering objective, expert guidance, and high-quality goods and services.

With every client, we carefully weigh the advantages and disadvantages of each alternative open to you, including the tax consequences. 

We will then instruct you on your retirement savings plans for expats in Vietnam to meet your individual needs.

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    Patrik Shore Tenzing Pacific Services

    Patrik Shore

    Senior Advisor
    From Sweden & New Zealand
    7 years' insurance experience
    Joined Tenzing in 2019
    Crim Science
    Speaks English and Swedish

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