When making a significant financial investment (property, car, etc.) people often ask themselves this question: will I have paid back my loan by the time I retire? A question which is often followed by: and when in fact will I be able to take my statutory retirement under the arrangements in Luxembourg?
There are several possibilities in Luxembourg:
If you are close to retirement, did you know that you can contact the Caisse Nationale d’Assurance Pension (www.cnap.lu) to request a certificate of entitlement in respect of your anticipated old-age pension. This certificate will advise you of the first possible date you can take (early) statutory retirement under the arrangements in Luxembourg.
If you have any queries and/or if you want to make sure that your transition to retirement will take place smoothly please contact your financial adviser.
Think about it!
The queen of cards. There are many different types and they offer many possibilities other than cashless payment, from differed repayment to additional guarantees on purchases.
3D Secure is an internationally recognised security standard for online payments. The service is limited in Luxembourg to credit cards.
If it’s true that when we shop in a store and handover physical cash, the pain of paying finds the act prompts more awareness about spending, and parting with cash may even hurt a bit more than swiping a bank card.