Best Retirement Lawyers in Schaan

About Retirement Law in Schaan, Liechtenstein

Retirement law in Schaan, Liechtenstein falls under the broader regulatory framework of the Liechtenstein Old Age and Survivors' Insurance (AHV/IV). This system aims to ensure that individuals can retire with adequate financial security. The retirement age typically is 65 for men and 64 for women, but this may vary depending on individual circumstances and professional agreements. The AHV contributions from both employees and employers play a crucial role in funding retirement benefits.

Why You May Need a Lawyer

Retirement law can be complex, and various issues might arise requiring professional legal advice. You may need a lawyer if:

• You are unsure about your retirement eligibility or benefits.
• You need assistance in understanding or disputing pension calculations.
• You are involved in cross-border retirement planning and need help navigating international laws.
• You require guidance on how changes in personal circumstances (e.g., divorce, relocation) affect your retirement benefits.
• You need to draft or contest a will related to retirement benefits.

Local Laws Overview

Key aspects of local laws relevant to retirement in Schaan, Liechtenstein include:

• Compulsory Insurance: All employed and self-employed persons must be insured under the AHV/IV system.
• Contribution Rates: Both employers and employees contribute a percentage of the income to the AHV/IV fund.
• Pension Calculation: The amount of pension depends on the number of contribution years and the average income during the insured period.
• Early or Deferred Retirement: Taking early retirement reduces benefits, while deferring increases them.
• Survivors' Benefits: Spouses and children may be entitled to survivors' pensions.
• Cross-Border Issues: International treaties can affect how pensions are calculated and paid if you have worked in different countries.

Frequently Asked Questions

What is the standard retirement age in Schaan, Liechtenstein?

The standard retirement age is 65 for men and 64 for women. However, personal and professional circumstances can affect this.

Can I retire early and what are the consequences?

Yes, you can retire early but your pension benefits will be reduced proportionally to the number of years taken early.

What happens if I continue to work after reaching retirement age?

If you continue to work after the standard retirement age, you can defer your pension, which will result in higher benefits later on.

How are my pension contributions calculated?

Pension contributions are calculated as a percentage of your income, shared equally by you and your employer.

Are there special provisions for self-employed individuals?

Yes, self-employed individuals are also required to contribute to the AHV/IV system, and their contributions are calculated based on their declared net income.

How do personal life changes affect my retirement benefits?

Changes such as marriage, divorce, or relocation can affect your benefits. It is advisable to consult a lawyer for specific impacts.

What are survivors' benefits?

Survivors' benefits are pensions payable to a deceased person's spouse and children, ensuring their financial security.

Do international treaties impact my retirement in Liechtenstein?

Yes, international treaties can influence how your pension is calculated and paid, especially if you have worked in multiple countries.

How do I contest a pension calculation?

If you believe there is a mistake in your pension calculation, you should seek legal advice to understand your rights and the steps to take.

Where can I find more information or assistance?

You can contact local governmental bodies or legal professionals specialized in retirement law for more information and assistance.

Additional Resources

Here are some useful resources and organizations that can assist with retirement concerns in Schaan, Liechtenstein:

• Liechtenstein Old Age and Survivors' Insurance (AHV/IV)
• Liechtenstein Chamber of Lawyers
• Social Services Department of Liechtenstein
• Financial Planning Agencies

Next Steps

If you need legal assistance with retirement issues in Schaan, Liechtenstein, the first step is to consult with a lawyer who specializes in social security and retirement law. You can contact the Liechtenstein Chamber of Lawyers for a list of qualified professionals. It is also beneficial to gather all relevant documents such as employment history, contribution records, and any correspondence with social security bodies before your consultation.