no idea. I'll find out, they were pointed to it by a couple of my dads old collegues who had been doing it for ages.
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retirement planning for contractors...
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I'm considering moving to Cyprus on retirement as mainly, I like it and have friends there and secondly, current tax on pensions is something like 5% over €3400 pa or something close to that...Older and ...well, just older!!Comment
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Originally posted by Mehmeh View PostIt's all about moving abroad in retirement! My folks are out of the country for the 181+ days and don't pay tax on their pensions.
If you go to some countries you are stuck with the state pension you got when you left the UK and the amount is never increased.
Originally posted by Mehmeh View PostI'm not investing anything into traditional pensions anymore (have a few grand in an old company one). My retirement will be between a few buy2lets and traditional investments, I should hopefully be retired way before company pensions allow to be payed out (it's 55 right?).
The state pension retirement age is going up to 66 then 67, 68, 69 and probably up to 72. So don't be surprised if this age goes up as well!
Originally posted by Mehmeh View PostStep 1: Retire
Step 2: Flog house and move abroad.
Step 3: Live like a king in a cheap place.
Unfortunately the value of the pound decreased and food costs around the world increased.
Originally posted by Mehmeh View PostAlternative:
All my investments F*** up and I'm sweeping the streets in east london at 70.
Could be worse!
Though those working in B&Q and Tescos looked the most miserable."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by Mehmeh View PostAlternative:
All my investments F*** up and I'm sweeping the streets in east london at 70.Comment
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