India-UK Social Security Agreement: DCC limits double contributions; five-year rule explained
Reported by Times of India Business, not nibnow. We are not the publisher of this story, only the source is.
The agreement will stop workers and employers from having to pay social security taxes to both India and the UK, reducing costs for cross‑border employees and supporting trade ties.
Historically, the two countries did not have a bilateral social security agreement as against the other European countries with whom India has a Social Security Agreement (SSA) i.e. Belgium, Germany, France, Switzerland, the Netherlands, Denmark, Finland, Luxembourg, Portugal and Sweden. Against this backdrop, social security became an important part of the broader India-UK economic trade discussions.
A bilateral social security agreement coordinates pension and insurance contributions between two countries, preventing double contributions and clarifying which system covers workers who move between them.
- •Implementation of the double contribution cap (DCC) under the agreement
- •How the five‑year rule will be applied to expatriate workers
- •Any further bilateral talks that expand the agreement to other employee benefits