Retirement & Benefits Guide · BermudaRetirement & Benefits Guide in Bermuda
Retirement visas, pensions, and healthcare for retirees
Retirement Visa Program
No dedicated retirement or passive income visa exists for Bermuda. Expats can pursue work permits, residency through employment, or property investment (minimum ~BMD 2.5M for non-Bermudians), but no retiree-specific program with age/income thresholds.
Pension System
Mandatory contributory social insurance (CPF, defined benefit) plus occupational pensions (DB/DC) with 5% employee + 5% employer contributions. Normal retirement at 65 (early from 55); no lump sums except 25% at retirement; sustainable but contributory only.
Pension Adequacy
Full contributory pension ~BMD 1,064/month; partial pensions 50-90% based on contribution weeks (25-50 years required). Noncontributory old-age pension ~BMD 488/month income-tested; supplementary private pensions needed for adequacy.
Healthcare Access
High-quality private healthcare system with world-class hospitals; no universal public system for expats. Retirees need comprehensive private insurance (~BMD 5,000-10,000/year); government pensions cover GEHI for public employees/dependents.
Cost of Living
Retiree Community
Senior Benefits
Tax Benefits for Retirees
No income tax, capital gains tax, or inheritance tax; territorial taxation system. Foreign pensions and worldwide investment income tax-free for residents.
More Insights for your Move to Bermuda
Comprehensive guides and data-driven analysis.
Budget & Expenses
Is your lifestyle affordable? From grocery prices to utility bills, see how costs compare to your home.
Read guidePolitics & Governance
Understand the political system, stability indicators, and democratic institutions that shape daily life.
Read guideEmergency Services
Emergency numbers, hospital systems, response times, and what to do in a crisis abroad.
Read guide