Will my UAE gratuity cover retirement expenses in my home country?

Will my UAE gratuity cover retirement expenses in my home country?

Considering your age, we assume that you would continue to work for at least another 20 years in your occupation, be it the UAE or outside the UAE, which provides you with a longer window for accumulating your savings.

Whilst the UAE offers several savings schemes from bonds to life insurance, you may wish to compare savings schemes available in the UAE and your home country and choose the one that offers better returns with reduced risk.

In terms of your personal portfolio, a combination of savings schemes, bonds, mutual funds, fixed deposits placed with a bank, insurance plan for life or a pension plan for your retirement may be ideal, considering your age bracket and longevity from now till you attain the retirement age.

Investment in stock markets is always subject to market risk and you should thoroughly study the inherent risks associated with any stock or the markets and then decide to invest, based on your risk appetite. You may wish to invest funds in index funds offered in various markets and only invest part of the savings that you endeavour to invest, that you may not recall in the near future.

I have been working in the UAE for 21 years.