Originally Posted by
5strypes
Is anyone able to tell me a bit more about finances. Specifically, the Provident scheme isn't enough to fund a retirement, so it will need to be topped up monthly through salary. Are people simply investing, is there a local pension scheme available and ultimately, netting c.31,000AED, after life in Dubai, a mortgage in home country and trying to save, it doesn't leave much left for a pension? Am I way off on my numbers or is the FO job not lucrative enough?
There is no local state pension scheme available to expats. Your Provident fund is all you get, and is relatively "generous" compared to what the average is in the UAE.
You will need to fund life after Dubai through savings/ investing from your monthly pay. So yes depending on your circumstances it can be very difficult to save anything. Also keep in mind you may or may not be eligible for state pension back in your home country depending on how long you contributed to that system.