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As a foreigner you have no right to social security unless you have worked in and paid taxes in Chile. Many foreigners who live and work in Chile opt out of the state pension system and therefore pay less tax on their salaries. This means that they will not receive a pension in Chile when they retire. This is only legally acceptable if the foreigner contributes to a social security system in their own country.
If you are retiring in Chile you can use your pension payments from your home country in order to receive residency.
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Matt Ridgway is an Englishman who has lived in South America for over three years. He worked as a private property consultant in Buenos Aires before recently moving to Chile with his Chilean girlfriend. They both continue to offer real estate and investment advice but now focus on the Central Region of Chile.
For more information about moving to and investing in Chile please read www.pacificfive.co.uk
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