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the world is your oyster ? Are there pearls you don't know about. ?
Plan to retire or move is up to you. Requires due diligence , thought and scarifices. Tax law and residency law will require advice from specialst.
This does not constitute financial advice - just my opinion and a strategy to consider.
LOVED ONES - Are just flight away , okay you can't hug over Skype.
beloved NHS is a factor but you can Outsource or become a health tourist.
For some it's just a Dream ?
Dare to dream a little different?
Outside your comfort zone?
High net worth of some on PT this a reality now or goal for the near future.
In some ways the exodus has already occured, just ignoring the obvious clues.
DL has predicted higher taxes, this has already been predicted in the aftermath of credit crunch - QE.
Panama ticks some nice boxes. What would be your choice?
For the richest - buy residency
No wonder property118 owner went to Malta.
Wisdom involves an integration of knowledge, experience, and deep understanding that incorporates tolerance for the uncertainties of life as well as its ups and downs.
I nearly emigrated to Australia just after 2008.
Anybody else had the feeling a better life is somewhere else in the world.
Or is it best to make of what exists.?
I'd love to emigrate to Oz or NZ
Unfortunately I can't achieve sufficient points.
So I'm stuck in the UK.
Dad is now a dual national so I could be a permanent visitor just doing the Bali visa renewal system every 3 months.
What is the Bali renewal system? I am guessing you go to Bali then go back to Australia and get a fresh tourist visa? Does it really work? I recall people used to do it in Turkey by going to the nearest Greek island for a day.
This is Part of my Plan B
If the UK tax me so highly and unfairly I will be off
The world is now a village so why not move to another Village
Mr Alexander has done it ?And I fully understand why ?
I adore travel I have a pilots Licence and lovey cars why not use them and leave the UK
My own plan would be to Live somewhere where there is no CGT and sell all my assets I hold in my own name
I would keep my UK Company Its a great way to come back to the UK and claim some Business Travel stay in the best Hotels and then go back home
The BTL is on a short fuse anyway especially in ones own name so why not sell up
I have no intention of flogging a dead horse
The UK needs a lot of cash to support NHS Pensions Welfare and Education and don't forget the National Debt
So I am making my plans now I am 66 in six years time ? this is just about the time when we will have had a new govt in power and
the Time when the screws will be turned by what ever govt we have
I may sound like a Rat who is leaving the Ship I prefer to think I am a wise Business person who is protecting there wealth
The UK today is not the place I used to love
The UK is becoming overcrowded nasty place
If you stay in the UK and earn over 43k a year you will pay more tax than ever before
S24 has shown me how unfair the UK can be
Retrospective Taxation on folks plans who did nothing more than make a better life for themselves and there family's
I have no loyalty after s24 and I am beginning to hate the UK.
Learn Change and Adapt ?????
I share your sentiments.
Have a look at Portugal.
They have this 10 year free tax thing.
Might be worth investigating.
Portugal has much to commend it plus the Portuguese seem to like the Brits.
Just the Brexit thing is awkward as not sure how it will affect things.
But you can achieve real value.
A villa can be so cheap.
The Portuguese want foreign investment so they are making it an attractive proposition.
Apparently the PRS in the two big cities is rapidly changing as LL go for AurBnB forcing out locals who can't afford the ibcreased rents.
This item was on You and Yours recently.
I am just looking at present trying to find the best way
I really don't Like Islands like Malta because your stuck there unless you fly out or go by ship
I would prefer to be on the Mainland of Europe if possible Portugal sounds ok but I am not sure how they tax CGT if I lived there and sold assets in the UK
I am quite sure I am not alone with my views of the UK so opportunity will come
But the income tax exemption might be under the cosh. Grrr.
I think I will become an Ethnic Minority in someone's else's Country
The grass is always greener.
It shouldn't be all about money. A few years ago a number of hedge funds were reported to have made an arrangement with the Swiss tax authority and moved to the country. At least one has relocated back to UK because of quality of life issues.
I agree our Government (of either party) behave like idiots but compared with other countries appear reasonably sane. We have a stable financial and political situation compared with others. Our trade unions aren't burning tyres in the street at the drop of a hat.
I agree the grass is always greener
But the way my business has been treated by the govt just gets me so annoyed
when you have wealth you have choices
I was looking at Criteria to live in Monaco
You need 500k in a Bank before you can live there
and you will have no Tax to pay
The super rich will avoid high taxation and who can blame them
It will all depend on the future for me I don't have to stay here and if I am pushed I will move for a new life.