One significant advantage of their move is the taxation and benefits system in Luxembourg. They pay approximately 28% of their income in taxes, a bit lower than in India. Despite the seemingly high rate, the range of services provided makes it worthwhile. Neha explained that 3% of their income goes towards government-sponsored health insurance, which covers most medical needs, excluding dental care. Additionally, a 2% contribution to an unemployment fund ensures that if either loses their job, they receive 80% of their last salary for up to two years.

“This system means we don’t need to set up a separate emergency fund, as we’re well covered for major issues like medical emergencies and job loss,” Neha stated.

The couple also enjoys the financial perks of living in Luxembourg. They purchased a Mercedes Benz A-class for about €43,000, a fraction of the ₹55 lakh it would cost in Bengaluru. Prateek highlighted the affordability of luxury cars in Luxembourg compared to India, attributing this to favorable currency exchange rates and lower local prices.

Traveling across Europe is another advantage they appreciate. Earning and spending in the same currency allows them to travel more affordably within the continent. “The proximity of countries and the ease of driving around make European holidays more accessible,” Prateek explained.

While the couple could have earned more elsewhere, their choice to live in Luxembourg has been driven by the desire for a better lifestyle and financial security. As they continue to invest in Indian stocks and enjoy their new life, their story serves as a testament to the value of life quality over mere financial gains.