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Savings and Investments thread
Comments
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All change:
Name Level Variance % Variance Arsenetatters 9525 27.3 0.29% @TelMc32 9450 102.3 1.07% Friend or Defoe 9657 104.7 1.10% IdleHans 9434 118.3 1.24% Addick Addict 9424 128.3 1.34% Diebythesword 9400 152.3 1.59% cafcpolo 9395 157.3 1.65% StrikerFirmani 9365 187.3 1.96% Jints 9750 197.7 2.07% Thread Killer 9761 208.7 2.18% WHAddick 9335 217.3 2.27% meldrew66 9301 251.3 2.63% Hornchurch 9275 277.3 2.90% Housty 9254 298.3 3.12% blackpool72 9245 307.3 3.22% TheGhostofTomHovi 9236 316.3 3.31% CharltonKerry 9234 318.3 3.33% Covered End 9220 332.3 3.48% Carter 9212 340.3 3.56% Jamescafc 9200 352.3 3.69% Addickinedi 9176 376.3 3.94% RalphMilne 9168 384.3 4.02% valleynick66 9165 387.3 4.05% guinnessaddick 9152 400.3 4.19% thecat 9136 416.3 4.36% fat man on a moped 9116 436.3 4.57% wwaddick 9104 448.3 4.69% golfaddick 9101 451.3 4.72% WishIdStayedInThe Pub 9101 451.3 4.72% Jon_CAFC_ 9088 464.3 4.86% BalladMan 9058 494.3 5.17% Huskaris 9025 527.3 5.52% Solidgone 9021 531.3 5.56% Rob7Lee 9000 552.3 5.78% Bangkokaddick 8998 554.3 5.80% Pedro45 8925 627.3 6.57% LargeAddick 8884 668.3 7.00% Redman 8876 676.3 7.08% holyjo 8810 742.3 7.77% PragueAddick 8725 827.3 8.66% CAFCWest 8621 931.3 9.75% Fortune 82nd Minute 8571 981.3 10.27% HardyAddick 8548 1004.3 10.51% bobmunro 8452 1100.3 11.52% Lenglover 8301 1251.3 13.10% Siv_In_Norfolk 7400 2152.3 22.53% Er_Be_Ab_Pl_Wo_Wo_Ch 6500 3052.3 31.95% 1 -
Fingers crossed on those NVIDIA numbers!!!0
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Looks like us futures are pricing in good news.Huskaris said:Fingers crossed on those NVIDIA numbers!!!0 -
My wife and I met with an IFA yesterday at our house, as we are swithering as to whether or not to start using one again. In recent years we have been managing our own investments with input from a family member who used to head up global equities for a big firm. However, we are now at a stage where we need to think more about things like our risk profile and inheritance tax planning.Rob7Lee said:
And it won’t be the rich leaving, that’ll never happen 🧐Huskaris said:
It’s all a myth by right wing think tanks who have infiltrated the ONS!golfaddick said:
Handy that the ONS has just found £20bn hidden down the back of sofa. Probably along with the 115,000 expats that they didnt know had left last year either.valleynick66 said:
One assumes the so called ‘pitch rolling’ (awful phrase) of recent days means that won’t happen.golfaddick said:
The UK stockmarket wont collapse directly because of the Budget.....but might collapse if the Bond markets dont take favourably to it.redman said:
one of the things markets hate more than anything is uncertainty. Seems unlikely they will collapse anymore because of her budget unless she real pulls out something even more stupid than the many things already floated.paulsturgess said:Is everyone convinced the markets are going to collapse over the next couple of weeks? Is it possible that the measures might not be as extreme as feared and the market reacts well to it?!
on the markets I don’t see them free falling after the budget unless our accounts clerk does something more silly than expected. But we’ve ridden one hell of a wave, my gut feel (and that’s all it is) makes me think a correction to one degree is coming.
At the end of the meeting we asked if the IFA was seeing trends in how some of his clients were reacting to UK budget rumours. He mentioned that a couple of his clients have recently left for warmer climes. Another is in the process of offshoring his company and wouldn’t be surprised if the next step would be for his family to relocate. He also mentioned two brothers with dual citizenship with their family having moved to the UK when they were children. The brothers had set up a very successful business worth tens of millions and they were in the process of moving back to their original home country.
The IFA’s view was that he didn’t think any of these people would have made the decision to leave, or others considering leaving, if the government simply opted for higher income tax rates at the higher end of earnings. The concept of progressive income taxation is well understood. Those running companies also probably wouldn’t have a big problem if there was some increase in corporation tax. They would just suck it up. However, the speculation regarding wealth taxes, increased inheritance tax whether via rate changes or freezing of allowances, higher capital gains taxes, potential exit taxes for leavers etc were leading to many of his wealthier clients to at least consider the pros and cons of upping sticks.
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All very true and sensible stuff. Without getting into massive detail about my personal financial circumstances, and there are a lot of if's and buts and unknowns which could swing things a lot, but on a pure financial aspect and in broad numbers:robinofottershaw said:
My wife and I met with an IFA yesterday at our house, as we are swithering as to whether or not to start using one again. In recent years we have been managing our own investments with input from a family member who used to head up global equities for a big firm. However, we are now at a stage where we need to think more about things like our risk profile and inheritance tax planning.Rob7Lee said:
And it won’t be the rich leaving, that’ll never happen 🧐Huskaris said:
It’s all a myth by right wing think tanks who have infiltrated the ONS!golfaddick said:
Handy that the ONS has just found £20bn hidden down the back of sofa. Probably along with the 115,000 expats that they didnt know had left last year either.valleynick66 said:
One assumes the so called ‘pitch rolling’ (awful phrase) of recent days means that won’t happen.golfaddick said:
The UK stockmarket wont collapse directly because of the Budget.....but might collapse if the Bond markets dont take favourably to it.redman said:
one of the things markets hate more than anything is uncertainty. Seems unlikely they will collapse anymore because of her budget unless she real pulls out something even more stupid than the many things already floated.paulsturgess said:Is everyone convinced the markets are going to collapse over the next couple of weeks? Is it possible that the measures might not be as extreme as feared and the market reacts well to it?!
on the markets I don’t see them free falling after the budget unless our accounts clerk does something more silly than expected. But we’ve ridden one hell of a wave, my gut feel (and that’s all it is) makes me think a correction to one degree is coming.
At the end of the meeting we asked if the IFA was seeing trends in how some of his clients were reacting to UK budget rumours. He mentioned that a couple of his clients have recently left for warmer climes. Another is in the process of offshoring his company and wouldn’t be surprised if the next step would be for his family to relocate. He also mentioned two brothers with dual citizenship with their family having moved to the UK when they were children. The brothers had set up a very successful business worth tens of millions and they were in the process of moving back to their original home country.
The IFA’s view was that he didn’t think any of these people would have made the decision to leave, or others considering leaving, if the government simply opted for higher income tax rates at the higher end of earnings. The concept of progressive income taxation is well understood. Those running companies also probably wouldn’t have a big problem if there was some increase in corporation tax. They would just suck it up. However, the speculation regarding wealth taxes, increased inheritance tax whether via rate changes or freezing of allowances, higher capital gains taxes, potential exit taxes for leavers etc were leading to many of his wealthier clients to at least consider the pros and cons of upping sticks.
Staying in the UK as resident/tax resident from 60 v's elsewhere (i'm assuming I live to 85 my wife 90) and based on what we currently know (i.e. no future tax/budgetary changes allowed for) in very round numbers:
1. Guernsey, a difference (or saving) of around £1-1.25m
2. Cyprus, a difference (or saving) of around £750-1m
3. Lanzarote, a difference (or saving) of around £850k - 1.1m
4. IoM, a difference (or saving) of around £750k - 1m
Of course there are many reasons that can go up or down (aged lived to, health/care costs) and a large part would be inheritance tax. But the I haven't included the fact that moving to any of those 4 I would take out at least £600k from my UK home (difference between selling UK home and funding one abroad). I could of course trade down if we remain in the UK or move to a considerably cheaper area to do so.
If it wasn't for the fact we have children (all be it grown up), I'd have retired a couple of years ago and already be gone.
Now whilst I appreciate how lucky in many respects I have been to have the jobs and therefore salaries I have, i'm not a double digit Millionaire, I don't own my own company etc etc, for those type of people it's a hard sell to not go!
I do have an idea/alternative if we decide to stay in the UK and will speak to our resident IFA it that becomes likely!1 -
I sold all my stocks and ISAs a couple of weeks ago as I need some cash. Looks like my timing might have been good for once!2
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Curious by the saving you reference to Cyprus as an example - most of the £750k is your 'equity' from selling up I assume and your children saving on IHT?Rob7Lee said:
All very true and sensible stuff. Without getting into massive detail about my personal financial circumstances, and there are a lot of if's and buts and unknowns which could swing things a lot, but on a pure financial aspect and in broad numbers:robinofottershaw said:
My wife and I met with an IFA yesterday at our house, as we are swithering as to whether or not to start using one again. In recent years we have been managing our own investments with input from a family member who used to head up global equities for a big firm. However, we are now at a stage where we need to think more about things like our risk profile and inheritance tax planning.Rob7Lee said:
And it won’t be the rich leaving, that’ll never happen 🧐Huskaris said:
It’s all a myth by right wing think tanks who have infiltrated the ONS!golfaddick said:
Handy that the ONS has just found £20bn hidden down the back of sofa. Probably along with the 115,000 expats that they didnt know had left last year either.valleynick66 said:
One assumes the so called ‘pitch rolling’ (awful phrase) of recent days means that won’t happen.golfaddick said:
The UK stockmarket wont collapse directly because of the Budget.....but might collapse if the Bond markets dont take favourably to it.redman said:
one of the things markets hate more than anything is uncertainty. Seems unlikely they will collapse anymore because of her budget unless she real pulls out something even more stupid than the many things already floated.paulsturgess said:Is everyone convinced the markets are going to collapse over the next couple of weeks? Is it possible that the measures might not be as extreme as feared and the market reacts well to it?!
on the markets I don’t see them free falling after the budget unless our accounts clerk does something more silly than expected. But we’ve ridden one hell of a wave, my gut feel (and that’s all it is) makes me think a correction to one degree is coming.
At the end of the meeting we asked if the IFA was seeing trends in how some of his clients were reacting to UK budget rumours. He mentioned that a couple of his clients have recently left for warmer climes. Another is in the process of offshoring his company and wouldn’t be surprised if the next step would be for his family to relocate. He also mentioned two brothers with dual citizenship with their family having moved to the UK when they were children. The brothers had set up a very successful business worth tens of millions and they were in the process of moving back to their original home country.
The IFA’s view was that he didn’t think any of these people would have made the decision to leave, or others considering leaving, if the government simply opted for higher income tax rates at the higher end of earnings. The concept of progressive income taxation is well understood. Those running companies also probably wouldn’t have a big problem if there was some increase in corporation tax. They would just suck it up. However, the speculation regarding wealth taxes, increased inheritance tax whether via rate changes or freezing of allowances, higher capital gains taxes, potential exit taxes for leavers etc were leading to many of his wealthier clients to at least consider the pros and cons of upping sticks.
Staying in the UK as resident/tax resident from 60 v's elsewhere (i'm assuming I live to 85 my wife 90) and based on what we currently know (i.e. no future tax/budgetary changes allowed for) in very round numbers:
1. Guernsey, a difference (or saving) of around £1-1.25m
2. Cyprus, a difference (or saving) of around £750-1m
3. Lanzarote, a difference (or saving) of around £850k - 1.1m
4. IoM, a difference (or saving) of around £750k - 1m
Of course there are many reasons that can go up or down (aged lived to, health/care costs) and a large part would be inheritance tax. But the I haven't included the fact that moving to any of those 4 I would take out at least £600k from my UK home (difference between selling UK home and funding one abroad). I could of course trade down if we remain in the UK or move to a considerably cheaper area to do so.
If it wasn't for the fact we have children (all be it grown up), I'd have retired a couple of years ago and already be gone.
Now whilst I appreciate how lucky in many respects I have been to have the jobs and therefore salaries I have, i'm not a double digit Millionaire, I don't own my own company etc etc, for those type of people it's a hard sell to not go!
I do have an idea/alternative if we decide to stay in the UK and will speak to our resident IFA it that becomes likely!
I guess what I am really asking is what else is cheaper about Cyrus (as the example) as id guess day to day is comparable spend but maybe also allowing for not having an NHS ?
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Not included anything from the difference between selling and buying, that would be additional.valleynick66 said:
Curious by the saving you reference to Cyprus as an example - most of the £750k is your 'equity' from selling up I assume and your children saving on IHT?Rob7Lee said:
All very true and sensible stuff. Without getting into massive detail about my personal financial circumstances, and there are a lot of if's and buts and unknowns which could swing things a lot, but on a pure financial aspect and in broad numbers:robinofottershaw said:
My wife and I met with an IFA yesterday at our house, as we are swithering as to whether or not to start using one again. In recent years we have been managing our own investments with input from a family member who used to head up global equities for a big firm. However, we are now at a stage where we need to think more about things like our risk profile and inheritance tax planning.Rob7Lee said:
And it won’t be the rich leaving, that’ll never happen 🧐Huskaris said:
It’s all a myth by right wing think tanks who have infiltrated the ONS!golfaddick said:
Handy that the ONS has just found £20bn hidden down the back of sofa. Probably along with the 115,000 expats that they didnt know had left last year either.valleynick66 said:
One assumes the so called ‘pitch rolling’ (awful phrase) of recent days means that won’t happen.golfaddick said:
The UK stockmarket wont collapse directly because of the Budget.....but might collapse if the Bond markets dont take favourably to it.redman said:
one of the things markets hate more than anything is uncertainty. Seems unlikely they will collapse anymore because of her budget unless she real pulls out something even more stupid than the many things already floated.paulsturgess said:Is everyone convinced the markets are going to collapse over the next couple of weeks? Is it possible that the measures might not be as extreme as feared and the market reacts well to it?!
on the markets I don’t see them free falling after the budget unless our accounts clerk does something more silly than expected. But we’ve ridden one hell of a wave, my gut feel (and that’s all it is) makes me think a correction to one degree is coming.
At the end of the meeting we asked if the IFA was seeing trends in how some of his clients were reacting to UK budget rumours. He mentioned that a couple of his clients have recently left for warmer climes. Another is in the process of offshoring his company and wouldn’t be surprised if the next step would be for his family to relocate. He also mentioned two brothers with dual citizenship with their family having moved to the UK when they were children. The brothers had set up a very successful business worth tens of millions and they were in the process of moving back to their original home country.
The IFA’s view was that he didn’t think any of these people would have made the decision to leave, or others considering leaving, if the government simply opted for higher income tax rates at the higher end of earnings. The concept of progressive income taxation is well understood. Those running companies also probably wouldn’t have a big problem if there was some increase in corporation tax. They would just suck it up. However, the speculation regarding wealth taxes, increased inheritance tax whether via rate changes or freezing of allowances, higher capital gains taxes, potential exit taxes for leavers etc were leading to many of his wealthier clients to at least consider the pros and cons of upping sticks.
Staying in the UK as resident/tax resident from 60 v's elsewhere (i'm assuming I live to 85 my wife 90) and based on what we currently know (i.e. no future tax/budgetary changes allowed for) in very round numbers:
1. Guernsey, a difference (or saving) of around £1-1.25m
2. Cyprus, a difference (or saving) of around £750-1m
3. Lanzarote, a difference (or saving) of around £850k - 1.1m
4. IoM, a difference (or saving) of around £750k - 1m
Of course there are many reasons that can go up or down (aged lived to, health/care costs) and a large part would be inheritance tax. But the I haven't included the fact that moving to any of those 4 I would take out at least £600k from my UK home (difference between selling UK home and funding one abroad). I could of course trade down if we remain in the UK or move to a considerably cheaper area to do so.
If it wasn't for the fact we have children (all be it grown up), I'd have retired a couple of years ago and already be gone.
Now whilst I appreciate how lucky in many respects I have been to have the jobs and therefore salaries I have, i'm not a double digit Millionaire, I don't own my own company etc etc, for those type of people it's a hard sell to not go!
I do have an idea/alternative if we decide to stay in the UK and will speak to our resident IFA it that becomes likely!
I guess what I am really asking is what else is cheaper about Cyrus (as the example) as id guess day to day is comparable spend but maybe also allowing for not having an NHS ?
income tax would be lower overall (they cap out at 35%) but yes a large proportion would be no IHT1 -
If Nvidia doesn't deliver what the markets want to hear, then all market, including the UK, will go south, even if the NASDAQ takes the biggest ht. That's basically how it works nowadays. The UK budget is a sideshow in this context, especially for the FTSE100. The evidence for that is that it's been at all time highs all the way back from May despite the country supposedly going to the dogs and beyond.
I'm certainly glad I de-teched my SIPP and took some profits from other funds, and stuffed themt into money market funds in the last few weeks. I don't want to play a game where one company dictates the course of every major stock market in the world. This is insane, and it cannot continue much longer.1 -
Friends live in Cyprus. From what little they use it as they are in fairly good health the medical care is very good. If you need a scan for example you can get it within a day or two and costs about €10. Their rubbish is collected a couple of times a week, their water rates are about €150 per year, minimal council tax and electricity is cheaper. And the sun shines ten months of the year. If it wasn’t for the fact my elderly parents live with us now we’d probably move there, or at least abroad. Food is cheaper too, unless you want say Heinz baked beans, especially fruit, veg, salads etc.valleynick66 said:
Curious by the saving you reference to Cyprus as an example - most of the £750k is your 'equity' from selling up I assume and your children saving on IHT?Rob7Lee said:
All very true and sensible stuff. Without getting into massive detail about my personal financial circumstances, and there are a lot of if's and buts and unknowns which could swing things a lot, but on a pure financial aspect and in broad numbers:robinofottershaw said:
My wife and I met with an IFA yesterday at our house, as we are swithering as to whether or not to start using one again. In recent years we have been managing our own investments with input from a family member who used to head up global equities for a big firm. However, we are now at a stage where we need to think more about things like our risk profile and inheritance tax planning.Rob7Lee said:
And it won’t be the rich leaving, that’ll never happen 🧐Huskaris said:
It’s all a myth by right wing think tanks who have infiltrated the ONS!golfaddick said:
Handy that the ONS has just found £20bn hidden down the back of sofa. Probably along with the 115,000 expats that they didnt know had left last year either.valleynick66 said:
One assumes the so called ‘pitch rolling’ (awful phrase) of recent days means that won’t happen.golfaddick said:
The UK stockmarket wont collapse directly because of the Budget.....but might collapse if the Bond markets dont take favourably to it.redman said:
one of the things markets hate more than anything is uncertainty. Seems unlikely they will collapse anymore because of her budget unless she real pulls out something even more stupid than the many things already floated.paulsturgess said:Is everyone convinced the markets are going to collapse over the next couple of weeks? Is it possible that the measures might not be as extreme as feared and the market reacts well to it?!
on the markets I don’t see them free falling after the budget unless our accounts clerk does something more silly than expected. But we’ve ridden one hell of a wave, my gut feel (and that’s all it is) makes me think a correction to one degree is coming.
At the end of the meeting we asked if the IFA was seeing trends in how some of his clients were reacting to UK budget rumours. He mentioned that a couple of his clients have recently left for warmer climes. Another is in the process of offshoring his company and wouldn’t be surprised if the next step would be for his family to relocate. He also mentioned two brothers with dual citizenship with their family having moved to the UK when they were children. The brothers had set up a very successful business worth tens of millions and they were in the process of moving back to their original home country.
The IFA’s view was that he didn’t think any of these people would have made the decision to leave, or others considering leaving, if the government simply opted for higher income tax rates at the higher end of earnings. The concept of progressive income taxation is well understood. Those running companies also probably wouldn’t have a big problem if there was some increase in corporation tax. They would just suck it up. However, the speculation regarding wealth taxes, increased inheritance tax whether via rate changes or freezing of allowances, higher capital gains taxes, potential exit taxes for leavers etc were leading to many of his wealthier clients to at least consider the pros and cons of upping sticks.
Staying in the UK as resident/tax resident from 60 v's elsewhere (i'm assuming I live to 85 my wife 90) and based on what we currently know (i.e. no future tax/budgetary changes allowed for) in very round numbers:
1. Guernsey, a difference (or saving) of around £1-1.25m
2. Cyprus, a difference (or saving) of around £750-1m
3. Lanzarote, a difference (or saving) of around £850k - 1.1m
4. IoM, a difference (or saving) of around £750k - 1m
Of course there are many reasons that can go up or down (aged lived to, health/care costs) and a large part would be inheritance tax. But the I haven't included the fact that moving to any of those 4 I would take out at least £600k from my UK home (difference between selling UK home and funding one abroad). I could of course trade down if we remain in the UK or move to a considerably cheaper area to do so.
If it wasn't for the fact we have children (all be it grown up), I'd have retired a couple of years ago and already be gone.
Now whilst I appreciate how lucky in many respects I have been to have the jobs and therefore salaries I have, i'm not a double digit Millionaire, I don't own my own company etc etc, for those type of people it's a hard sell to not go!
I do have an idea/alternative if we decide to stay in the UK and will speak to our resident IFA it that becomes likely!
I guess what I am really asking is what else is cheaper about Cyrus (as the example) as id guess day to day is comparable spend but maybe also allowing for not having an NHS ?3 -
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The one time we hired a Villa rather than hotel I was shocked at how cheap the supermarket shop was (and pre cost of living crisis). But then were an island so costs to import are more…… oh hold on…….LargeAddick said:
Friends live in Cyprus. From what little they use it as they are in fairly good health the medical care is very good. If you need a scan for example you can get it within a day or two and costs about €10. Their rubbish is collected a couple of times a week, their water rates are about €150 per year, minimal council tax and electricity is cheaper. And the sun shines ten months of the year. If it wasn’t for the fact my elderly parents live with us now we’d probably move there, or at least abroad. Food is cheaper too, unless you want say Heinz baked beans, especially fruit, veg, salads etc.valleynick66 said:
Curious by the saving you reference to Cyprus as an example - most of the £750k is your 'equity' from selling up I assume and your children saving on IHT?Rob7Lee said:
All very true and sensible stuff. Without getting into massive detail about my personal financial circumstances, and there are a lot of if's and buts and unknowns which could swing things a lot, but on a pure financial aspect and in broad numbers:robinofottershaw said:
My wife and I met with an IFA yesterday at our house, as we are swithering as to whether or not to start using one again. In recent years we have been managing our own investments with input from a family member who used to head up global equities for a big firm. However, we are now at a stage where we need to think more about things like our risk profile and inheritance tax planning.Rob7Lee said:
And it won’t be the rich leaving, that’ll never happen 🧐Huskaris said:
It’s all a myth by right wing think tanks who have infiltrated the ONS!golfaddick said:
Handy that the ONS has just found £20bn hidden down the back of sofa. Probably along with the 115,000 expats that they didnt know had left last year either.valleynick66 said:
One assumes the so called ‘pitch rolling’ (awful phrase) of recent days means that won’t happen.golfaddick said:
The UK stockmarket wont collapse directly because of the Budget.....but might collapse if the Bond markets dont take favourably to it.redman said:
one of the things markets hate more than anything is uncertainty. Seems unlikely they will collapse anymore because of her budget unless she real pulls out something even more stupid than the many things already floated.paulsturgess said:Is everyone convinced the markets are going to collapse over the next couple of weeks? Is it possible that the measures might not be as extreme as feared and the market reacts well to it?!
on the markets I don’t see them free falling after the budget unless our accounts clerk does something more silly than expected. But we’ve ridden one hell of a wave, my gut feel (and that’s all it is) makes me think a correction to one degree is coming.
At the end of the meeting we asked if the IFA was seeing trends in how some of his clients were reacting to UK budget rumours. He mentioned that a couple of his clients have recently left for warmer climes. Another is in the process of offshoring his company and wouldn’t be surprised if the next step would be for his family to relocate. He also mentioned two brothers with dual citizenship with their family having moved to the UK when they were children. The brothers had set up a very successful business worth tens of millions and they were in the process of moving back to their original home country.
The IFA’s view was that he didn’t think any of these people would have made the decision to leave, or others considering leaving, if the government simply opted for higher income tax rates at the higher end of earnings. The concept of progressive income taxation is well understood. Those running companies also probably wouldn’t have a big problem if there was some increase in corporation tax. They would just suck it up. However, the speculation regarding wealth taxes, increased inheritance tax whether via rate changes or freezing of allowances, higher capital gains taxes, potential exit taxes for leavers etc were leading to many of his wealthier clients to at least consider the pros and cons of upping sticks.
Staying in the UK as resident/tax resident from 60 v's elsewhere (i'm assuming I live to 85 my wife 90) and based on what we currently know (i.e. no future tax/budgetary changes allowed for) in very round numbers:
1. Guernsey, a difference (or saving) of around £1-1.25m
2. Cyprus, a difference (or saving) of around £750-1m
3. Lanzarote, a difference (or saving) of around £850k - 1.1m
4. IoM, a difference (or saving) of around £750k - 1m
Of course there are many reasons that can go up or down (aged lived to, health/care costs) and a large part would be inheritance tax. But the I haven't included the fact that moving to any of those 4 I would take out at least £600k from my UK home (difference between selling UK home and funding one abroad). I could of course trade down if we remain in the UK or move to a considerably cheaper area to do so.
If it wasn't for the fact we have children (all be it grown up), I'd have retired a couple of years ago and already be gone.
Now whilst I appreciate how lucky in many respects I have been to have the jobs and therefore salaries I have, i'm not a double digit Millionaire, I don't own my own company etc etc, for those type of people it's a hard sell to not go!
I do have an idea/alternative if we decide to stay in the UK and will speak to our resident IFA it that becomes likely!
I guess what I am really asking is what else is cheaper about Cyrus (as the example) as id guess day to day is comparable spend but maybe also allowing for not having an NHS ?0 -
I don't know if it was because we were in tourist areas but the few times that we have visited Cyprus (Paphos area), in the last couple of years, we haven't found the supermarkets cheap at all. The meat, fish, vegetables and fruit were particularly expensive.
It certainly doesn't compare favourably with Spain, from where we have recently returned after 2 months.1 -
The tourist areas are more expensive, whilst should still be cheaper than UK. Much like restaurants, a lot in the tourist areas aren't the cheapest, but away from that very cheap. Meals out, again away from tourist areas you can have a decent meal (pre drinks) for under 15 euro's.superclive98 said:I don't know if it was because we were in tourist areas but the few times that we have visited Cyprus (Paphos area), in the last couple of years, we haven't found the supermarkets cheap at all. The meat, fish, vegetables and fruit were particularly expensive.
It certainly doesn't compare favourably with Spain, from where we have recently returned after 2 months.1 -
Each to their own.
My family, friends and interests are far more important to me than money.
PS I’m on a luxury cruise which is superb and I couldn’t fault but the presumably rich passengers are the most miserable bunch of people.
Perhaps money doesn’t make you happy?8 -
Nvidia results better than expected.
You can put away your tin hats & crack open the champers 🍾. Expect markets to open higher tomorrow.4 -
If you have a choice between being bearish or bullish, it always pays to be bullish!1
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The other way of looking at it is that AI will be one of the biggest drivers of productivity improvement in the future. Nvidia is key to that.PragueAddick said:If Nvidia doesn't deliver what the markets want to hear, then all market, including the UK, will go south, even if the NASDAQ takes the biggest ht. That's basically how it works nowadays. The UK budget is a sideshow in this context, especially for the FTSE100. The evidence for that is that it's been at all time highs all the way back from May despite the country supposedly going to the dogs and beyond.
I'm certainly glad I de-teched my SIPP and took some profits from other funds, and stuffed themt into money market funds in the last few weeks. I don't want to play a game where one company dictates the course of every major stock market in the world. This is insane, and it cannot continue much longer.2 -
Money helps, but as the old saying goes, you can't buy happiness.Covered End said:Each to their own.
My family, friends and interests are far more important to me than money.
PS I’m on a luxury cruise which is superb and I couldn’t fault but the presumably rich passengers are the most miserable bunch of people.
Perhaps money doesn’t make you happy?
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In itself that statement is a reasonable position to hold. The issue is the valuations, and how they get pushed to the levels they are at. ( American retail investors). Here’s a brilliant, and very non-judgemental article by Tim Harford which sums up what I worry about. Link should work for you and 2 more. Some of the comments below it are equally rewardiing, especially the guy who points out why young people are driven to trade as they do.Huskaris said:
The other way of looking at it is that AI will be one of the biggest drivers of productivity improvement in the future. Nvidia is key to that.PragueAddick said:If Nvidia doesn't deliver what the markets want to hear, then all market, including the UK, will go south, even if the NASDAQ takes the biggest ht. That's basically how it works nowadays. The UK budget is a sideshow in this context, especially for the FTSE100. The evidence for that is that it's been at all time highs all the way back from May despite the country supposedly going to the dogs and beyond.
I'm certainly glad I de-teched my SIPP and took some profits from other funds, and stuffed themt into money market funds in the last few weeks. I don't want to play a game where one company dictates the course of every major stock market in the world. This is insane, and it cannot continue much longer.
https://on.ft.com/4pFrZo7Don’t trade where you tweet
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More money doesn't equal more happiness, but not having enough money equals unhappiness.6
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Sponsored links:
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May seem funny coming from someone who effectively left 32 years ago, but I so agree with these sentiments. Moving away is always a very personal decision, so general advice is always a very limited help. the one thing I would say is, I believe you have more chance of being happy if you moved in the first place for positive reasons; i.e. you actively want to live in the place you’re going to, rather than because you are fed up with Britain. And I honestly don’t think that better weather alone will be enough of a positive reason.Covered End said:Each to their own.
My family, friends and interests are far more important to me than money.
PS I’m on a luxury cruise which is superb and I couldn’t fault but the presumably rich passengers are the most miserable bunch of people.
Perhaps money doesn’t make you happy?But it’s such a complex topic I wonder whether it actually deserves a threat of its own?1 -
I’m not sure @Covered End intends emigrating permanently to a cruise ship, but perhaps you meant to quote @Rob7Lee instead 😉PragueAddick said:
May seem funny coming from someone who effectively left 32 years ago, but I so agree with these sentiments. Moving away is always a very personal decision, so general advice is always a very limited help. the one thing I would say is, I believe you have more chance of being happy if you moved in the first place for positive reasons; i.e. you actively want to live in the place you’re going to, rather than because you are fed up with Britain. And I honestly don’t think that better weather alone will be enough of a positive reason.Covered End said:Each to their own.
My family, friends and interests are far more important to me than money.
PS I’m on a luxury cruise which is superb and I couldn’t fault but the presumably rich passengers are the most miserable bunch of people.
Perhaps money doesn’t make you happy?But it’s such a complex topic I wonder whether it actually deserves a threat of its own?2 -
I concur with this. Have lived overseas for 10+ years and whilst day to day family life is much better in Asia, there are many things about living in the UK that you just cannot replace - family, Charlton, Twickenham, Lords, music, pubs, countryside…..I could go on!Covered End said:Each to their own.
My family, friends and interests are far more important to me than money.
PS I’m on a luxury cruise which is superb and I couldn’t fault but the presumably rich passengers are the most miserable bunch of people.
Perhaps money doesn’t make you happy?1 -
Agree with all of that. A new thread (threat?!) may be worthwhile.PragueAddick said:
May seem funny coming from someone who effectively left 32 years ago, but I so agree with these sentiments. Moving away is always a very personal decision, so general advice is always a very limited help. the one thing I would say is, I believe you have more chance of being happy if you moved in the first place for positive reasons; i.e. you actively want to live in the place you’re going to, rather than because you are fed up with Britain. And I honestly don’t think that better weather alone will be enough of a positive reason.Covered End said:Each to their own.
My family, friends and interests are far more important to me than money.
PS I’m on a luxury cruise which is superb and I couldn’t fault but the presumably rich passengers are the most miserable bunch of people.
Perhaps money doesn’t make you happy?But it’s such a complex topic I wonder whether it actually deserves a threat of its own?
It's just one of the options we are considering for retirement (possibly me more than Mrs R7L!). I also have the option of trying out somewhere new for my last couple of years at work. Like I've said if I didn't have children we would by now almost certainly have already gone, whilst maybe not permanently I would have transferred my work place.
The third alternative to staying in the UK or not will be a place abroad to spend the dark and cold winters. If I were a betting man thats I suspect where my wife will land and it'll be Cyprus 1st choice, Lanzarote 2nd, especially if there's a hint of Grandchildren before then which will be her nemesis!1 -
Have you looked into Spain or Portugal by any chance?Rob7Lee said:
All very true and sensible stuff. Without getting into massive detail about my personal financial circumstances, and there are a lot of if's and buts and unknowns which could swing things a lot, but on a pure financial aspect and in broad numbers:robinofottershaw said:
My wife and I met with an IFA yesterday at our house, as we are swithering as to whether or not to start using one again. In recent years we have been managing our own investments with input from a family member who used to head up global equities for a big firm. However, we are now at a stage where we need to think more about things like our risk profile and inheritance tax planning.Rob7Lee said:
And it won’t be the rich leaving, that’ll never happen 🧐Huskaris said:
It’s all a myth by right wing think tanks who have infiltrated the ONS!golfaddick said:
Handy that the ONS has just found £20bn hidden down the back of sofa. Probably along with the 115,000 expats that they didnt know had left last year either.valleynick66 said:
One assumes the so called ‘pitch rolling’ (awful phrase) of recent days means that won’t happen.golfaddick said:
The UK stockmarket wont collapse directly because of the Budget.....but might collapse if the Bond markets dont take favourably to it.redman said:
one of the things markets hate more than anything is uncertainty. Seems unlikely they will collapse anymore because of her budget unless she real pulls out something even more stupid than the many things already floated.paulsturgess said:Is everyone convinced the markets are going to collapse over the next couple of weeks? Is it possible that the measures might not be as extreme as feared and the market reacts well to it?!
on the markets I don’t see them free falling after the budget unless our accounts clerk does something more silly than expected. But we’ve ridden one hell of a wave, my gut feel (and that’s all it is) makes me think a correction to one degree is coming.
At the end of the meeting we asked if the IFA was seeing trends in how some of his clients were reacting to UK budget rumours. He mentioned that a couple of his clients have recently left for warmer climes. Another is in the process of offshoring his company and wouldn’t be surprised if the next step would be for his family to relocate. He also mentioned two brothers with dual citizenship with their family having moved to the UK when they were children. The brothers had set up a very successful business worth tens of millions and they were in the process of moving back to their original home country.
The IFA’s view was that he didn’t think any of these people would have made the decision to leave, or others considering leaving, if the government simply opted for higher income tax rates at the higher end of earnings. The concept of progressive income taxation is well understood. Those running companies also probably wouldn’t have a big problem if there was some increase in corporation tax. They would just suck it up. However, the speculation regarding wealth taxes, increased inheritance tax whether via rate changes or freezing of allowances, higher capital gains taxes, potential exit taxes for leavers etc were leading to many of his wealthier clients to at least consider the pros and cons of upping sticks.
Staying in the UK as resident/tax resident from 60 v's elsewhere (i'm assuming I live to 85 my wife 90) and based on what we currently know (i.e. no future tax/budgetary changes allowed for) in very round numbers:
1. Guernsey, a difference (or saving) of around £1-1.25m
2. Cyprus, a difference (or saving) of around £750-1m
3. Lanzarote, a difference (or saving) of around £850k - 1.1m
4. IoM, a difference (or saving) of around £750k - 1m
Of course there are many reasons that can go up or down (aged lived to, health/care costs) and a large part would be inheritance tax. But the I haven't included the fact that moving to any of those 4 I would take out at least £600k from my UK home (difference between selling UK home and funding one abroad). I could of course trade down if we remain in the UK or move to a considerably cheaper area to do so.
If it wasn't for the fact we have children (all be it grown up), I'd have retired a couple of years ago and already be gone.
Now whilst I appreciate how lucky in many respects I have been to have the jobs and therefore salaries I have, i'm not a double digit Millionaire, I don't own my own company etc etc, for those type of people it's a hard sell to not go!
I do have an idea/alternative if we decide to stay in the UK and will speak to our resident IFA it that becomes likely!I’m hoping to retire in a few years when the kids finish school and Portugal, especially, is a very popular destination with many of the British expats I work with who move back to Europe.1 -
Yes to both, and both are broadly the same to get residency. As a destination and somewhere to live I've always preferred Cyprus (and Lanzarote) over Spain or Portugal. Had some great golf holidays in both through, spent a bit of time in Sotogrande as my mate has a place there, nice, but hugely expensive.jamescafc said:
Have you looked into Spain or Portugal by any chance?Rob7Lee said:
All very true and sensible stuff. Without getting into massive detail about my personal financial circumstances, and there are a lot of if's and buts and unknowns which could swing things a lot, but on a pure financial aspect and in broad numbers:robinofottershaw said:
My wife and I met with an IFA yesterday at our house, as we are swithering as to whether or not to start using one again. In recent years we have been managing our own investments with input from a family member who used to head up global equities for a big firm. However, we are now at a stage where we need to think more about things like our risk profile and inheritance tax planning.Rob7Lee said:
And it won’t be the rich leaving, that’ll never happen 🧐Huskaris said:
It’s all a myth by right wing think tanks who have infiltrated the ONS!golfaddick said:
Handy that the ONS has just found £20bn hidden down the back of sofa. Probably along with the 115,000 expats that they didnt know had left last year either.valleynick66 said:
One assumes the so called ‘pitch rolling’ (awful phrase) of recent days means that won’t happen.golfaddick said:
The UK stockmarket wont collapse directly because of the Budget.....but might collapse if the Bond markets dont take favourably to it.redman said:
one of the things markets hate more than anything is uncertainty. Seems unlikely they will collapse anymore because of her budget unless she real pulls out something even more stupid than the many things already floated.paulsturgess said:Is everyone convinced the markets are going to collapse over the next couple of weeks? Is it possible that the measures might not be as extreme as feared and the market reacts well to it?!
on the markets I don’t see them free falling after the budget unless our accounts clerk does something more silly than expected. But we’ve ridden one hell of a wave, my gut feel (and that’s all it is) makes me think a correction to one degree is coming.
At the end of the meeting we asked if the IFA was seeing trends in how some of his clients were reacting to UK budget rumours. He mentioned that a couple of his clients have recently left for warmer climes. Another is in the process of offshoring his company and wouldn’t be surprised if the next step would be for his family to relocate. He also mentioned two brothers with dual citizenship with their family having moved to the UK when they were children. The brothers had set up a very successful business worth tens of millions and they were in the process of moving back to their original home country.
The IFA’s view was that he didn’t think any of these people would have made the decision to leave, or others considering leaving, if the government simply opted for higher income tax rates at the higher end of earnings. The concept of progressive income taxation is well understood. Those running companies also probably wouldn’t have a big problem if there was some increase in corporation tax. They would just suck it up. However, the speculation regarding wealth taxes, increased inheritance tax whether via rate changes or freezing of allowances, higher capital gains taxes, potential exit taxes for leavers etc were leading to many of his wealthier clients to at least consider the pros and cons of upping sticks.
Staying in the UK as resident/tax resident from 60 v's elsewhere (i'm assuming I live to 85 my wife 90) and based on what we currently know (i.e. no future tax/budgetary changes allowed for) in very round numbers:
1. Guernsey, a difference (or saving) of around £1-1.25m
2. Cyprus, a difference (or saving) of around £750-1m
3. Lanzarote, a difference (or saving) of around £850k - 1.1m
4. IoM, a difference (or saving) of around £750k - 1m
Of course there are many reasons that can go up or down (aged lived to, health/care costs) and a large part would be inheritance tax. But the I haven't included the fact that moving to any of those 4 I would take out at least £600k from my UK home (difference between selling UK home and funding one abroad). I could of course trade down if we remain in the UK or move to a considerably cheaper area to do so.
If it wasn't for the fact we have children (all be it grown up), I'd have retired a couple of years ago and already be gone.
Now whilst I appreciate how lucky in many respects I have been to have the jobs and therefore salaries I have, i'm not a double digit Millionaire, I don't own my own company etc etc, for those type of people it's a hard sell to not go!
I do have an idea/alternative if we decide to stay in the UK and will speak to our resident IFA it that becomes likely!I’m hoping to retire in a few years when the kids finish school and Portugal, especially, is a very popular destination with many of the British expats I work with who move back to Europe.0 -
I guess it depends how frequently you plan on travelling back too. The quicker and more frequent flights from Spain and Portugal mean if you want to dive back and forth for big Charlton games!! or visit family etc. lanzarote and Cyprus (IMO) just start to become a bit too far/ annoying for frequent short tripsRob7Lee said:
Yes to both, and both are broadly the same to get residency. As a destination and somewhere to live I've always preferred Cyprus (and Lanzarote) over Spain or Portugal. Had some great golf holidays in both through, spent a bit of time in Sotogrande as my mate has a place there, nice, but hugely expensive.jamescafc said:
Have you looked into Spain or Portugal by any chance?Rob7Lee said:
All very true and sensible stuff. Without getting into massive detail about my personal financial circumstances, and there are a lot of if's and buts and unknowns which could swing things a lot, but on a pure financial aspect and in broad numbers:robinofottershaw said:
My wife and I met with an IFA yesterday at our house, as we are swithering as to whether or not to start using one again. In recent years we have been managing our own investments with input from a family member who used to head up global equities for a big firm. However, we are now at a stage where we need to think more about things like our risk profile and inheritance tax planning.Rob7Lee said:
And it won’t be the rich leaving, that’ll never happen 🧐Huskaris said:
It’s all a myth by right wing think tanks who have infiltrated the ONS!golfaddick said:
Handy that the ONS has just found £20bn hidden down the back of sofa. Probably along with the 115,000 expats that they didnt know had left last year either.valleynick66 said:
One assumes the so called ‘pitch rolling’ (awful phrase) of recent days means that won’t happen.golfaddick said:
The UK stockmarket wont collapse directly because of the Budget.....but might collapse if the Bond markets dont take favourably to it.redman said:
one of the things markets hate more than anything is uncertainty. Seems unlikely they will collapse anymore because of her budget unless she real pulls out something even more stupid than the many things already floated.paulsturgess said:Is everyone convinced the markets are going to collapse over the next couple of weeks? Is it possible that the measures might not be as extreme as feared and the market reacts well to it?!
on the markets I don’t see them free falling after the budget unless our accounts clerk does something more silly than expected. But we’ve ridden one hell of a wave, my gut feel (and that’s all it is) makes me think a correction to one degree is coming.
At the end of the meeting we asked if the IFA was seeing trends in how some of his clients were reacting to UK budget rumours. He mentioned that a couple of his clients have recently left for warmer climes. Another is in the process of offshoring his company and wouldn’t be surprised if the next step would be for his family to relocate. He also mentioned two brothers with dual citizenship with their family having moved to the UK when they were children. The brothers had set up a very successful business worth tens of millions and they were in the process of moving back to their original home country.
The IFA’s view was that he didn’t think any of these people would have made the decision to leave, or others considering leaving, if the government simply opted for higher income tax rates at the higher end of earnings. The concept of progressive income taxation is well understood. Those running companies also probably wouldn’t have a big problem if there was some increase in corporation tax. They would just suck it up. However, the speculation regarding wealth taxes, increased inheritance tax whether via rate changes or freezing of allowances, higher capital gains taxes, potential exit taxes for leavers etc were leading to many of his wealthier clients to at least consider the pros and cons of upping sticks.
Staying in the UK as resident/tax resident from 60 v's elsewhere (i'm assuming I live to 85 my wife 90) and based on what we currently know (i.e. no future tax/budgetary changes allowed for) in very round numbers:
1. Guernsey, a difference (or saving) of around £1-1.25m
2. Cyprus, a difference (or saving) of around £750-1m
3. Lanzarote, a difference (or saving) of around £850k - 1.1m
4. IoM, a difference (or saving) of around £750k - 1m
Of course there are many reasons that can go up or down (aged lived to, health/care costs) and a large part would be inheritance tax. But the I haven't included the fact that moving to any of those 4 I would take out at least £600k from my UK home (difference between selling UK home and funding one abroad). I could of course trade down if we remain in the UK or move to a considerably cheaper area to do so.
If it wasn't for the fact we have children (all be it grown up), I'd have retired a couple of years ago and already be gone.
Now whilst I appreciate how lucky in many respects I have been to have the jobs and therefore salaries I have, i'm not a double digit Millionaire, I don't own my own company etc etc, for those type of people it's a hard sell to not go!
I do have an idea/alternative if we decide to stay in the UK and will speak to our resident IFA it that becomes likely!I’m hoping to retire in a few years when the kids finish school and Portugal, especially, is a very popular destination with many of the British expats I work with who move back to Europe.1 -
I have a mate who’s lived in Vienna for a few years (previously in Tottenham!). His wife Austrian. Talks about how much better the quality of life is, which is primarily the more objective societal things… but hard to replace the cultural / social stuff. I’ve spent a lot of time in Switzerland last couple of years. Beautiful mountains, beaches by the lake, hot summers, scenery, everything clean as fuck, low crime, salaries high people on average quite well off, healthcare chalk and cheese with the complete shambles here - but it is dull as anything, everything closes early, very little soul. Could not live there!jamescafc said:
I concur with this. Have lived overseas for 10+ years and whilst day to day family life is much better in Asia, there are many things about living in the UK that you just cannot replace - family, Charlton, Twickenham, Lords, music, pubs, countryside…..I could go on!Covered End said:Each to their own.
My family, friends and interests are far more important to me than money.
PS I’m on a luxury cruise which is superb and I couldn’t fault but the presumably rich passengers are the most miserable bunch of people.
Perhaps money doesn’t make you happy?
1 -
I wouldn't see 2-3 extra hours on a flight a problem, if it were every week maybe, but not a few times a year, say.paulsturgess said:
I guess it depends how frequently you plan on travelling back too. The quicker and more frequent flights from Spain and Portugal mean if you want to dive back and forth for big Charlton games!! or visit family etc. lanzarote and Cyprus (IMO) just start to become a bit too far/ annoying for frequent short tripsRob7Lee said:
Yes to both, and both are broadly the same to get residency. As a destination and somewhere to live I've always preferred Cyprus (and Lanzarote) over Spain or Portugal. Had some great golf holidays in both through, spent a bit of time in Sotogrande as my mate has a place there, nice, but hugely expensive.jamescafc said:
Have you looked into Spain or Portugal by any chance?Rob7Lee said:
All very true and sensible stuff. Without getting into massive detail about my personal financial circumstances, and there are a lot of if's and buts and unknowns which could swing things a lot, but on a pure financial aspect and in broad numbers:robinofottershaw said:
My wife and I met with an IFA yesterday at our house, as we are swithering as to whether or not to start using one again. In recent years we have been managing our own investments with input from a family member who used to head up global equities for a big firm. However, we are now at a stage where we need to think more about things like our risk profile and inheritance tax planning.Rob7Lee said:
And it won’t be the rich leaving, that’ll never happen 🧐Huskaris said:
It’s all a myth by right wing think tanks who have infiltrated the ONS!golfaddick said:
Handy that the ONS has just found £20bn hidden down the back of sofa. Probably along with the 115,000 expats that they didnt know had left last year either.valleynick66 said:
One assumes the so called ‘pitch rolling’ (awful phrase) of recent days means that won’t happen.golfaddick said:
The UK stockmarket wont collapse directly because of the Budget.....but might collapse if the Bond markets dont take favourably to it.redman said:
one of the things markets hate more than anything is uncertainty. Seems unlikely they will collapse anymore because of her budget unless she real pulls out something even more stupid than the many things already floated.paulsturgess said:Is everyone convinced the markets are going to collapse over the next couple of weeks? Is it possible that the measures might not be as extreme as feared and the market reacts well to it?!
on the markets I don’t see them free falling after the budget unless our accounts clerk does something more silly than expected. But we’ve ridden one hell of a wave, my gut feel (and that’s all it is) makes me think a correction to one degree is coming.
At the end of the meeting we asked if the IFA was seeing trends in how some of his clients were reacting to UK budget rumours. He mentioned that a couple of his clients have recently left for warmer climes. Another is in the process of offshoring his company and wouldn’t be surprised if the next step would be for his family to relocate. He also mentioned two brothers with dual citizenship with their family having moved to the UK when they were children. The brothers had set up a very successful business worth tens of millions and they were in the process of moving back to their original home country.
The IFA’s view was that he didn’t think any of these people would have made the decision to leave, or others considering leaving, if the government simply opted for higher income tax rates at the higher end of earnings. The concept of progressive income taxation is well understood. Those running companies also probably wouldn’t have a big problem if there was some increase in corporation tax. They would just suck it up. However, the speculation regarding wealth taxes, increased inheritance tax whether via rate changes or freezing of allowances, higher capital gains taxes, potential exit taxes for leavers etc were leading to many of his wealthier clients to at least consider the pros and cons of upping sticks.
Staying in the UK as resident/tax resident from 60 v's elsewhere (i'm assuming I live to 85 my wife 90) and based on what we currently know (i.e. no future tax/budgetary changes allowed for) in very round numbers:
1. Guernsey, a difference (or saving) of around £1-1.25m
2. Cyprus, a difference (or saving) of around £750-1m
3. Lanzarote, a difference (or saving) of around £850k - 1.1m
4. IoM, a difference (or saving) of around £750k - 1m
Of course there are many reasons that can go up or down (aged lived to, health/care costs) and a large part would be inheritance tax. But the I haven't included the fact that moving to any of those 4 I would take out at least £600k from my UK home (difference between selling UK home and funding one abroad). I could of course trade down if we remain in the UK or move to a considerably cheaper area to do so.
If it wasn't for the fact we have children (all be it grown up), I'd have retired a couple of years ago and already be gone.
Now whilst I appreciate how lucky in many respects I have been to have the jobs and therefore salaries I have, i'm not a double digit Millionaire, I don't own my own company etc etc, for those type of people it's a hard sell to not go!
I do have an idea/alternative if we decide to stay in the UK and will speak to our resident IFA it that becomes likely!I’m hoping to retire in a few years when the kids finish school and Portugal, especially, is a very popular destination with many of the British expats I work with who move back to Europe.0 -
Rob7Lee said:
Agree with all of that. A new thread (threat?!) may be worthwhile.PragueAddick said:
May seem funny coming from someone who effectively left 32 years ago, but I so agree with these sentiments. Moving away is always a very personal decision, so general advice is always a very limited help. the one thing I would say is, I believe you have more chance of being happy if you moved in the first place for positive reasons; i.e. you actively want to live in the place you’re going to, rather than because you are fed up with Britain. And I honestly don’t think that better weather alone will be enough of a positive reason.Covered End said:Each to their own.
My family, friends and interests are far more important to me than money.
PS I’m on a luxury cruise which is superb and I couldn’t fault but the presumably rich passengers are the most miserable bunch of people.
Perhaps money doesn’t make you happy?But it’s such a complex topic I wonder whether it actually deserves a threat of its own?
It's just one of the options we are considering for retirement (possibly me more than Mrs R7L!). I also have the option of trying out somewhere new for my last couple of years at work. Like I've said if I didn't have children we would by now almost certainly have already gone, whilst maybe not permanently I would have transferred my work place.
The third alternative to staying in the UK or not will be a place abroad to spend the dark and cold winters. If I were a betting man thats I suspect where my wife will land and it'll be Cyprus 1st choice, Lanzarote 2nd, especially if there's a hint of Grandchildren before then which will be her nemesis!Similar to you - I'd be off but Mrs M would take some convincing to leave family (that said our current crop of grandchildren will be in Malta from April). Big tax changes and we may think differently.We've also thought about buying a holiday home abroad but fear it would become a chore to frequently go back to the same place, plus maintenance, ongoing costs and tying up capital that wouldn't necessarily be easy to realise. We just wouldn't use it enough. An alternative that we are seriously considering is medium term rental. For example - rent a villa in the Canaries for January and February, maybe a villa in the Algarve for May with some golf, summer in the UK and perhaps a villa in Spain for September/October (again with some golf). No ongoing commitment, and a variety of locations each year - and if we want to do something differently one year (or indeed nothing at all) then we can.Let's see what Rachel in accounts says first!1
