EK Resignation Tips
Join Date: Sep 2005
Location: Post-Pit and Lovin' It.
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"retention money", about 4000AED they hold back in case you have some unpaid bill or lost ID or whatever for them to deduct from. Basically an imposed deposit. After a period of time sufficient to show that you paid everything, you're supposed to receive it along with any other outstanding monies, i.e. final pay, etc. Not to be confused with the Provident Fund money, which comes separately.
In my case I received 100% of my retention and PF, a few weeks after I left.
b777boy,
when you say they "kept your retention money", do you mean they made claims against it or just never sent it at all? Just curious as I haven't heard too much of that happening. Of all the wonderful EK departments I ever dealt with, EOS was probably the most efficient. But then, they're getting the most practice these days.
AMEX,
Can't speak to the mortgage specifically, but a small point about keeping accounts with a UAE bank after one leaves: they will probably start charging your account a monthly service charge that was waived while one was an EK employee. Probably not a huge amount, but irritating and of course no one will mention it...perhaps one could convince a bank manager to continue waiving it, who knows.
Leaving will make you wonder why you waited so long...
In my case I received 100% of my retention and PF, a few weeks after I left.
b777boy,
when you say they "kept your retention money", do you mean they made claims against it or just never sent it at all? Just curious as I haven't heard too much of that happening. Of all the wonderful EK departments I ever dealt with, EOS was probably the most efficient. But then, they're getting the most practice these days.
AMEX,
Can't speak to the mortgage specifically, but a small point about keeping accounts with a UAE bank after one leaves: they will probably start charging your account a monthly service charge that was waived while one was an EK employee. Probably not a huge amount, but irritating and of course no one will mention it...perhaps one could convince a bank manager to continue waiving it, who knows.
Leaving will make you wonder why you waited so long...
Guest
Posts: n/a
Re leaving money in a dubai bank.... When I left, I kept my NBD account open and asked about that. Was told they would start to levy a monthly charge if there was no activity on the account in 6 months time.
And yes... My opinion is as many others here have stated: The out processing was so much different than normal EK office workers simply saying, "No" to you... for no good reason I might add! They were efficient, friendly and seemed to genuinely want to help and give you the answers to your questions.
Gee, imagine that. What a concept!
K
And yes... My opinion is as many others here have stated: The out processing was so much different than normal EK office workers simply saying, "No" to you... for no good reason I might add! They were efficient, friendly and seemed to genuinely want to help and give you the answers to your questions.
Gee, imagine that. What a concept!
K
Folks
I left 18 months ago, will no hassles.
Re keeping your bank account open, that will work until the bank asks you for a copy of your new residents visa, as I have just been asked for; needless to say I cannot produce one, and I guess my account will just lapse.
Regarding repatriation tickets when you resign, they are for your family and yourself, similar as to when you joined, unless any kids have appeared since!
Good Luck ...........
I left 18 months ago, will no hassles.
Re keeping your bank account open, that will work until the bank asks you for a copy of your new residents visa, as I have just been asked for; needless to say I cannot produce one, and I guess my account will just lapse.
Regarding repatriation tickets when you resign, they are for your family and yourself, similar as to when you joined, unless any kids have appeared since!
Good Luck ...........
Join Date: Apr 2014
Location: Sky
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why leave company ID? I kept it and enjoy cheap hotels, staff parking at airports and so on
Does EU equal QLD? clear to land would not live anywhere else 
Join Date: Jul 2014
Location: here
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If you fill in the online Good Conduct Certificate
Do you select in or out of country Well Im in now but soon to be out?
Then it asks Request Certificate Required By? Airside Security UK?
Thoughts Suggestions...
Do you select in or out of country Well Im in now but soon to be out?
Then it asks Request Certificate Required By? Airside Security UK?
Thoughts Suggestions...
Join Date: Dec 2015
Location: Dubai
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besides the 4000 they didn't transfer the last 2 months of my provident fund neither, they told me I will get it with the retention money, I left 4 months ago and didn't get anything
Join Date: Oct 2015
Location: Midlands
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Something fishy is going on here. They can't retain your provident - it's in the Isle of Man protected by their laws.
I left last October and got everything back as promised within the time frame. What's going on? Are they really that broke?
I left last October and got everything back as promised within the time frame. What's going on? Are they really that broke?
Join Date: Feb 2008
Location: S E Asia
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Provident scheme retained money
Took 12 weeks to get my retained Provident Scheme funds after leaving, and I believe from others that that was a fairly typical time frame at the time. (I'd sent a reminder email to my leaving coordinator after about 9 weeks and she assured me the payment had been approved, but the processing would take another couple of weeks). Two months is probably not unusual.
7B
7B
Join Date: Feb 2008
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JNPS,
I'd elected to remain in the Provident Scheme at that stage as a Deferred Member, so there was no transfer of my entire holdings. The only money transferred to me along with the usual with-held amount was the final two months contributions. Because of the delay, I took the funds in USD, and it was not transferred to my home country, UK.
Just as an aside, one of my buddies who left at the same time was warned by his accountant to ensure that his Provident Scheme funds arrived back in UK prior to his physical arrival in the country in order to avoid any possible tax liability on the money. Obviously I don't know whether other countries rules are different.
7B
I'd elected to remain in the Provident Scheme at that stage as a Deferred Member, so there was no transfer of my entire holdings. The only money transferred to me along with the usual with-held amount was the final two months contributions. Because of the delay, I took the funds in USD, and it was not transferred to my home country, UK.
Just as an aside, one of my buddies who left at the same time was warned by his accountant to ensure that his Provident Scheme funds arrived back in UK prior to his physical arrival in the country in order to avoid any possible tax liability on the money. Obviously I don't know whether other countries rules are different.
7B
Last edited by 777boyo; 12th Sep 2016 at 06:21. Reason: Addition
Join Date: Aug 2004
Location: Here today, gone tomorrow.
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777b
Thanks, the taxation issue is the reason I asked, as it applies to us. (Canada). So the plan is to take it in dirhams, deposit in NBD account, electronic transfer same day if possible. 1 business day later, funds should be in Canada. We leave when funds are confirmed in Canada, hopefully 2 days after last day at EK.
That's the plan for now.
Thanks, the taxation issue is the reason I asked, as it applies to us. (Canada). So the plan is to take it in dirhams, deposit in NBD account, electronic transfer same day if possible. 1 business day later, funds should be in Canada. We leave when funds are confirmed in Canada, hopefully 2 days after last day at EK.
That's the plan for now.