What happens to my tax savings if I change jobs or move to a different country?

If you change jobs or move to a different country, the tax savings you have made through employersponsored plans such as EPF (Employee Provident Fund) and NPS (National Pension System) can be transferred to the new employer or account. This will help you to continue with your tax savings without any interruption.

In case you have invested in other taxsaving instruments like ELSS (EquityLinked Saving Scheme), PPF (Public Provident Fund), and other such instruments, you can continue to hold them until maturity or withdraw them as per the terms and conditions of the investment. However, you may need to notify the relevant financial institution or bank of your change of address or contact details so that they can communicate with you regarding your investment.

If you are moving to a different country, you may also need to consider the tax laws of the new country to determine the tax implications of your investments. It is advisable to consult a tax expert or financial advisor to understand the tax rules of the new country and to make informed decisions regarding your tax savings and investments.