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What countries are best to retire to, with little money |
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#51 |
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Join Date: May 2012
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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. You can't buy anywhere in Liverpool for £10k or anywhere near £10k. |
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#52 |
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Join Date: Jul 2003
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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.
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#53 |
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Join Date: Jul 2003
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What, so you're not contemplating doing this for 12 years??
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#54 |
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Join Date: Jan 2011
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What, so you're not contemplating doing this for 12 years??
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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? |
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#55 |
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Join Date: Jun 2006
Posts: 40,276
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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.
![]() 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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#56 |
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Join Date: Apr 2005
Posts: 1,727
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A friend of mine retired to Thailand.
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#57 |
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Join Date: Mar 2013
Posts: 9,197
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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
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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#58 |
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Join Date: Jun 2006
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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. Probably better to learn Spanish as its the third most widely spoken language in the world. |
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#59 |
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Join Date: Mar 2013
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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. |
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#60 |
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Join Date: May 2005
Posts: 7,975
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The Canary Islands have a pretty low cost of living.
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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.
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#61 |
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Join Date: Jun 2006
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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.
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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