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Managing-Your-EPF-When-Moving-Overseas

Planning to move abroad? Whether temporary or permanent, your Employee Provident Fund requires careful management. Neglecting EPF can lead to taxation complications, withdrawal delays, and loss of benefits. This guide helps you navigate EPF management while settling overseas.

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Managing-Your-EPF-When-Moving-Overseas

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  1. Managing Your EPF When Moving Overseas Planning to move abroad? Whether temporary or permanent, your Employee Provident Fund requires careful management. Neglecting EPF can lead to taxation complications, withdrawal delays, and loss of benefits. This guide helps you navigate EPF management while settling overseas.

  2. Temporary Moves: SSA Countries What is SSA? Your Action Steps Social Security Agreement countries have bilateral agreements with India for social security benefits. Obtain Certificate of Coverage (CoC) from EPFO Present CoC to your host country employer Enjoy exemption from host country social security contributions

  3. Non-SSA Countries Dual Contributions Required You must contribute to both India's EPF and the host country's social security system. Increased Burden This results in higher overall contribution costs, but compliance is mandatory in these cases.

  4. Living Abroad: Two Scenarios 1 2 Active Status, No Contributions Exit Marked by Employer Indian employer keeps job status active but stops EPF contributions. Employer officially marks your exit from the company. Entitled to early EPF balance withdrawal Recorded as non-contributory period by EPFO Only interest from active employment is tax-exempt May flag your account, causing withdrawal delays

  5. Permanent Settlement Abroad 01 02 03 Withdraw Before Leaving Update KYC Details File Required Forms Recommended to avoid regulatory issues and frozen funds. Update PAN, Aadhaar, and bank account on UAN portal. Submit Form 19 for EPF withdrawal and Form 10C for EPS withdrawal. 10+ Years Service? If your tenure exceeds 10 years, apply for a scheme certificate instead of withdrawing from EPS. This preserves your pension rights under the EPS framework for the future.

  6. Stay Proactive, Stay Secure Remain Compliant Avoid Unnecessary Taxes Follow regulations in both countries Strategic planning saves money Access Funds Seamlessly No delays or complications Whether moving temporarily for work or settling permanently abroad, proactive EPF management ensures compliance, minimizes taxes, and guarantees timely access to your funds.

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