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re: Overseas Employment Opportunity
Posted on 4/19/17 at 10:22 pm to Big Saint
Posted on 4/19/17 at 10:22 pm to Big Saint
It really depends on the company's policies. I still get a company match but my contributions have to be post tax. Financially, I am much better off with an overseas assignment, but we have excellent expat policies. I don't know many folks that have been worse off with a delegation. Typically you get housing paid for, a travel budget, and an increase in pay for "hardship". Plus as you mentioned, it is great for your career to have international experience.
Contrary to the previous poster, I definitely still pay federal taxes!
Contrary to the previous poster, I definitely still pay federal taxes!
This post was edited on 4/20/17 at 1:08 am
1
Posted on 4/20/17 at 7:36 am to Spirit of Dunson
Yeah you definitely still pay US income taxes but you are eligible to either exclude your foreign income up to a certain point or use the foreign tax credit to wipe out your income tax for the most part. At least with Germany because the tax rates are higher than I'm currently paying in the US.
Our company has an International Retirement fund that would mimic a 401k as far as contributions and company match but it's not offered to US citizens so I'm SOL there.
For a year or less company stents in the country I would get all this but the position I'm looking at is longer term (3-5 years) and puts me on a local contract so all I get is some extra "transitional" bonus as it's called.
Our company has an International Retirement fund that would mimic a 401k as far as contributions and company match but it's not offered to US citizens so I'm SOL there.
quote:
Typically you get housing paid for, a travel budget, and an increase in pay for "hardship".
For a year or less company stents in the country I would get all this but the position I'm looking at is longer term (3-5 years) and puts me on a local contract so all I get is some extra "transitional" bonus as it's called.
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