DEWS In A minute

Simple information on Dubai's new and mandatory employee workplace savings plan.

Dubai International Finance Centre (DIFC) is replacing its end-of-service gratuity regime with a funded workplace savings scheme. Employees will be automatically enrolled into the mandatory DIFC Employee Workplace Savings (DEWS) Plan unless their employer elects to adopt an alternative, qualifying scheme. 

Here’s what you need to know before choosing the best option for you and your workforce: 

1. No time to lose – Detailed DEWS rules were published in November 2019. Employees must now be enrolled in DEWS, or in an alternative qualifying scheme, on or before 1 February 2020. In future, employers will have a 30-day window each December to opt out of the mandatory scheme and into an acceptable alternative.