Notice that in accordance with Peruvian labour laws, the country does not offer any benefits for unemployment.
Compensation for Time of Service (CTS) pretends to protect the existence of the employee after the termination of employment. This amount is accumulated over time from the first day of work. To ensure that compensation is available, the employer must secure the CTS twice a year (May 15 and November) in a bank account that can be chosen by the employee. For each completed calendar month, 1/12 of the salary must be deposited in the selected bank account. Therefore, at the end of the year, the entire deposit should be approximately equal to one monthly salary.
To benefit from CTS, the employee must have been in the company for at least one full month.
Update 7/05/2019
Keep more of your money when transferring funds overseas!
If you want to move money abroad, from Peru or to Peru for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Why Fexco
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Main characteristics
Fexco will help you to keep your overseas money transfer costs to a minimum.
| Margin | 0.6% |
|---|---|
| Regulator | FCA |
| Fee | £10 < £5K or Free > £5k |
| Mini | £1K |
| Ccy | All (130 currencies, incl ‘exotics’) |
| Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
Get an online quote today
When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.