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What does it mean to transfer social security to a foreign country
Transferring social security to a foreign country refers to the operation of transferring a worker's social security relationship to his/her current place of work when the worker's place of domicile does not coincide with his/her current place of work. This kind of transfer can bring many benefits, for example, the worker can enjoy higher social security benefits in the corresponding area in the current place of work, and it is also more convenient to make social security payments and related procedures.
For those who are frequently employed across provinces or cities, transferring social security to a foreign country is also essential. Not only can you avoid the interruption of your previous social security relationship, but you can also protect your benefits during your employment in a different place. However, it is worth noting that social security policies vary from region to region, and you need to understand the policy situation of the target region before transferring social security to avoid the impact of transferring social security.
What we need to remind you is that the transfer of social security to a foreign country will not affect the real estate, education, medical care and other related benefits in the original place of domicile. However, if there is a change in terms of economic income, it may also have an impact on personal income tax. Therefore, before the transfer of social security, you need to fully assess and understand your situation to avoid unexpected negative impacts.
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