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What countries are best to retire to, with little money


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Old 04-01-2017, 16:27
walterwhite
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Really? Are we not both still in the EU?


The next two up are £13K and £17K, then there's a bunch at £25K.
One is a plot of land and one is 25% ownership.

You can't buy anywhere in Liverpool for £10k or anywhere near £10k.
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Old 04-01-2017, 17:36
jazzyjazzy
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My mum and dad take a villa in Lanzarote for a good few months each year, only coming back for Christmas and New Year. You can pick up a rental for £200 a month during winter. It works out cheaper than them going some places during the summer.
Do you mean a week - my friends pay 600 a month on Costa del Sol plus internet and TV. If not can you tell me where they get it from at that price.
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Old 04-01-2017, 17:51
jazzyjazzy
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What, so you're not contemplating doing this for 12 years??
What a waste of time this thread was - 12 years hence - will they still be here
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Old 04-01-2017, 19:02
tiacat
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What, so you're not contemplating doing this for 12 years??
Yes its called retirement planning, something we should do far in advance where possible

So immigration from the EU to the UK (or vice versa) isn't as completely unrestricted as is made out?

But who checks whether you're intending to settle in another EU country rather than just visit, as border officials don't do so?
Yes, this is true, although we always hear the term freedom of movement, its actually correct to say freedom of labour. The point was that we have freedom of labour and trade. But no one checks what someone's situation is, technically we are supposed to have worker status to be in the UK, ie available and able to work (there are a few exceptions)
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Old 04-01-2017, 19:57
MARTYM8
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Being in the EU gives an EU citizen the right to travel and to work in EU countries... it doesn't give them the right to go and live in another member country and not be able to support themselves. Or not to adhere to the rules relating to residency of a country, eg income thresholds and eligibility to join the country's health system or proof of an adequate health care insurance policy. Whatever the Daily Wail might tell us.
A few EU countries have non contributory benefit systems and free at the point of use healthcare for all - the UK. That is our problem and is why we are so attractive.

Most EU member states have contributory benefit systems and social insurance for health care. Housing benefit and tax credits don't exist in Eastern Europe. If you ain't paid in you get little or nothing out.

So of you retire in the EU you need to pick the right country in terms of healthcare and entitlement. Some also have more generous taxation on pensions - Portugal offers very generous tax incentives to UK retirees with private or public sector final salary pensions others less so.

Under the retirement scheme in Malaysis overseas retirement pension income is income tax exempt - in the UK you might have to pay up to 40 per cent of it in tax.

Tax, healthcare and welfare are important - not just the weather.
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Old 04-01-2017, 21:13
Cassini
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A friend of mine retired to Thailand.
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Old 04-01-2017, 21:57
Toby LaRhone
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I didnt think of eastern Europe because of the language thing. We would love a very cold proper winter so we wouldnt be bothered about the cold as long as we could get around
Why would "the language thing" be any worse there?
12 years is surely enough of a time frame to learn basic conversational speech to at least endear yourself to a new community.
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Old Yesterday, 16:58
MARTYM8
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Why would "the language thing" be any worse there?
12 years is surely enough of a time frame to learn basic conversational speech to at least endear yourself to a new community.
Which language though - Polish, Hungarian, Czech, Serbo Croat etc etc.

Probably better to learn Spanish as its the third most widely spoken language in the world.
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Old Yesterday, 23:04
Toby LaRhone
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Which language though - Polish, Hungarian, Czech, Serbo Croat etc etc.

Probably better to learn Spanish as its the third most widely spoken language in the world.
if you want to retire to a country with a low cost of living but think Spanish is more useful to learn then you've greatly restricted your options.
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Old Yesterday, 23:44
LION8TIGER
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The Canary Islands have a pretty low cost of living.
My mum and dad take a villa in Lanzarote for a good few months each year, only coming back for Christmas and New Year. You can pick up a rental for £200 a month during winter. It works out cheaper than them going some places during the summer.
My brother retired to Fuerteventura a few years ago and loves it. Sun all year round usually, cheap fresh food especially fish. If you like a bottle of wine and/or smoke you have to be careful for your health because they are much much cheaper than in UK.
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Old Yesterday, 23:50
MARTYM8
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if you want to retire to a country with a low cost of living but think Spanish is more useful to learn then you've greatly restricted your options.
Plenty of Caribbean, central and South American nations offer attractive cheap retirement options for UK citizens which allow permanent residency. It's not just Spain. They are also Christian countries with European style cultures too.

And if you visit places like Florida, Texas and California in the US having some Spanish is essential in some areas. Spanish is now the majority language in Miami - and it's reach will only grow as the Hispanic population rises.

It offers far more options than learning one Eastern European language and is also easy to learn too. If you don't like Spain you have an entire continent as an alternative - 21 nations with nearly 500 million people have Spanish as their spoken language excluding the US. if you get bored with Hungary where else can you use Hungarian?
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