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EURBS Are Based on QROPS from the United Kingdom

The idea of using European Union Retirement Benefit schemes is fairly new. EURBS are similar to the Qualifying Recognised Overseas Retirement Schemes that are gaining popularity in the United Kingdom. Both of these programs are designed to help people that decide to relocate to another country when they retire, but have a pension program in the country they are moving from. There are some basic things these schemes are designed to accomplish.

• They are supposed to be more tax efficient.
• They are designed to give people more control over their pensions
• They are designed to make sure that people will have enough money when they retire and that they do not go through it too quickly.
• They are designed to be flexible for the different currencies people deal with.

These are programs that have been created by the government to allow people to retire and still get the money they deserve even if they do not live in the country.