Seven in 10 UAE residents reliant on gratuity payment to fund retirement

Pedro Gonçalves
clock • 2 min read

Seven in 10 workers in the UAE depend on their end-of-service gratuity payment to fund their retirement, a survey found. The study from Old Mutual International and Quilter Cheviot shows that while in 2018 around 59% of respondents were relying on gratuity payments to fund their retirement, this has risen to 69% and represents a 10% jump in one year. Despite this increased reliance, on average, workers are expecting to receive just AED 17,000 ($5,445) compared to an expected AED 21,600 ...

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