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"in France that possibility doesn't exist"

Well, let's say you cannot be employed for more than a certain amount in a year without forfeiting your rights to pension.

But when I put my flat to rent, one of the candidates was a 60+ consultant. He had created a company (of which he was the sole shareholder and employee), that did not pay him much any salary, only dividends...
His pension alone was more than the salary of any of the other candidates (and more than the combined salaries of most couples)...

I don't like that. He's working full time, he should not get a full pension. So, the flat did not go to him, but to a couple of more limited resources. I figured that they would find it harder to find one.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Wed Jul 15th, 2009 at 08:12:36 AM EST
[ Parent ]
In Denmark, we have a handy little rule to cover precisely that kind of situation: If your company has only yourself as employee, your dividends count as income.

Of course, the distinction between dividends and other income is silly to begin with...

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Jul 16th, 2009 at 10:55:32 AM EST
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