tag:blogger.com,1999:blog-2875915890415125655.post439899846082752453..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: Post financial independence, post Brexit, what nextRetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger49125tag:blogger.com,1999:blog-2875915890415125655.post-842649369379070072016-11-08T11:32:32.453+00:002016-11-08T11:32:32.453+00:00Hi RIT,
Interesting developments for sure over th...Hi RIT,<br /><br />Interesting developments for sure over the last few months for both the country and your plans!<br /><br />The oak framed home does look lovely but if you have no other ties to the UK I'd scarper and chill in the med.<br /><br />Thanks for the link btw. I try to put a positive spin on most things on my blog but hopefully it doesn't come across as over selling the FI theFIREstarter.co.ukhttps://www.blogger.com/profile/11161550795321520113noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-32757758165315385962016-11-05T14:23:30.546+00:002016-11-05T14:23:30.546+00:00island fever is effectively treated by buying a bo...island fever is effectively treated by buying a boat. The Med suddenly becomes your garden to complement your house of character which may not have plenty of outdoor space attached. Worked for me!Fireblade909noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-35451862572542835922016-10-15T18:49:03.495+01:002016-10-15T18:49:03.495+01:00Also 43, English and in a broadly similar position...Also 43, English and in a broadly similar position... The question is what to do with the days now? I guess that is my main concern/focus now. Congratulations RIT and thanks for sharing your journey!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-43702417312770465392016-10-15T18:45:04.198+01:002016-10-15T18:45:04.198+01:00I wonder if there aren't some implications of ...I wonder if there aren't some implications of Brexit that you're not taking into account? The risk is not all about currency exchange; actually I'd say the political risks are much greater. As an EU citizen currently, whenever you're in another EU state you benefit from the EU's 'non-discrimation' provisions, which mean that (except in a few very narrow and specific Tyronoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-53542376843619236792016-10-11T11:54:48.000+01:002016-10-11T11:54:48.000+01:00You could buy a van and a surf board - accomodatio...You could buy a van and a surf board - accomodation and pasttime sorted in one smooth movement?The Rhinohttp://www.thenewrhino.comnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-65611672689661404272016-10-10T22:22:15.858+01:002016-10-10T22:22:15.858+01:00I don't mind repeating but you are an inspirat...I don't mind repeating but you are an inspiration RIT! Best of luck on whatever path you decide. Elefnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-37834960029661213982016-10-10T20:01:32.218+01:002016-10-10T20:01:32.218+01:00@ThirdIncome and Federico
Re home in UK and abroa...@ThirdIncome and Federico<br /><br />Re home in UK and abroad.<br /><br />Mixed thoughts here. I really don't want to be a BTL landlord. I have some ethical problems with the whole BTL thing in the UK but it's probably just me. I can't help but feel that in a country that is so restrictive on planning permission that if I BTL a home I'm then depriving a family just like me who RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-69297728512288891402016-10-10T19:57:15.761+01:002016-10-10T19:57:15.761+01:00You are spot on its a mindset - but as I havent ye...You are spot on its a mindset - but as I havent yet got to FI I wondered what difference it did make and how I would feel. Would I really cope or want to get up at 6am if I didnt need to? What would I fill my time doing etc. I guess I have quite a long wait before I have to worry about that yet though :)Anonymoushttps://www.blogger.com/profile/14850307464658730152noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-19810619820299435362016-10-10T19:55:38.799+01:002016-10-10T19:55:38.799+01:00Hi RIT,
The thinking on where its locked is that w...Hi RIT,<br />The thinking on where its locked is that with a lot in the Pension wrapper and I cant access it until I am past my preferred retirement age, hence the thinking. <br />I have the bulk in house and pension and so not easy to get at. <br />Cheers,<br /><br />London RobAnonymoushttps://www.blogger.com/profile/14850307464658730152noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-40118949067341547072016-10-10T19:53:53.101+01:002016-10-10T19:53:53.101+01:00Too right ermine and I can't wait.Too right ermine and I can't wait.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-31576581444234606922016-10-10T19:52:31.000+01:002016-10-10T19:52:31.000+01:00Firstly, many congratulations on FI. So that'...Firstly, many congratulations on FI. So that's 2 UK FI'ees at age 43 (at least).<br /><br />Once FIRE'd I plan to not rush and allow at least 6 months decompression before rushing into anything. During that time (plus afterwards) I want to get back outdoors and really step up my fitness level as a first major priority - cycling, hiking and swimming (if the Med on the swimming). RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-37500790707361126542016-10-10T19:44:07.861+01:002016-10-10T19:44:07.861+01:00My understanding of the tax situation but please D...My understanding of the tax situation but please DYOR.<br /><br />Cyprus:<br />- Pension. You have a choice. You can be taxed at 0% on first EUR19,500, then next band is 20%, then 25%, 30% and 35%. Alternatively, you can pay a flat 5% for pension amounts above EUR3,420.<br />- Dividends and Interest. Provided you're not of Cypriot domicile then for first 17 years of residency neither are RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-25687072182391359832016-10-10T18:42:37.167+01:002016-10-10T18:42:37.167+01:00I think the Portuguese tax break for new residents...I think the Portuguese tax break for new residents is 10 years only, whereas Cyprus is kind to retirees on an ongoing basis. I think there may also be no tax on foreign dividends, and possibly capital gains, but am unsure. Does anyone here know the definitive position?Mark Bishophttps://www.blogger.com/profile/06446924775948855423noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-50454210642206775472016-10-10T13:33:44.348+01:002016-10-10T13:33:44.348+01:00Have you considered buying a house in UK AND a sma...Have you considered buying a house in UK AND a small one in, say, Greece? (for obvious reasons property is cheap there, and there are beautiful islands). <br /><br />One advantage of FIRE is that you don't have to live in the same place all year round (although kids may constrain you for a few years). Winter in Greece, summer in UK? Added benefit: you can rent the Greece property during the Federiconoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-39711728184823973252016-10-10T13:32:14.915+01:002016-10-10T13:32:14.915+01:00Could you build the house in the UK, move to Cypru...Could you build the house in the UK, move to Cyprus and rent there? Would you earn more rent from the UK house than you would pay in Cyrpus? Then if you're not enjoying it as much as you thought you can move back. Likewise, if you're loving it on the continent you could sell up in a year or so and make the move permanent. Which might be a way to hedge your bets.<br /><br />On an absoluteThirdIncomehttps://www.blogger.com/profile/13758594399544813704noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-10884971918119920632016-10-10T10:06:39.414+01:002016-10-10T10:06:39.414+01:00> One thing I've always struggled with in t...> One thing I've always struggled with in the UK is the long winters though. Waking up in the dark, driving to work in the dark, working all day indoors under artificial light and then driving home in the dark.<br /><br />But you'll have gotten rid of work with FI? I love the dark time of the year, the crispness of the frosts, the far greater creativity of the winter months. The perioderminehttp://simple-living-in-suffolk.co.uknoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-66951046036942013932016-10-10T00:15:10.673+01:002016-10-10T00:15:10.673+01:00Its tax treatment of foreign pensions.Its tax treatment of foreign pensions.deariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-31243853218653393952016-10-09T18:56:18.342+01:002016-10-09T18:56:18.342+01:00RIT, its been so interesting to read your story ov...RIT, its been so interesting to read your story over the years, and I am thrilled that you are now FI. I have just made it too (aged 43), and the big questions I have been working through are where we will live? and what to do with my time?. I can't see myself working for the man ever again, but I also have too much drive and energy to walk a dog and tend the garden for 30+ years. I am Jamnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-60994748896794318242016-10-09T16:52:59.219+01:002016-10-09T16:52:59.219+01:00No problem weenie. Always enjoy your posts.
It&#...No problem weenie. Always enjoy your posts.<br /><br />It'll be interesting to see how the Brexit story plays out over the coming months. At this point I'm not saying I'm on the 'one more year' road as I always intended to FIRE mid next year. It's just that FI snuck up on me :-)RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-52864069529404424622016-10-09T16:49:59.414+01:002016-10-09T16:49:59.414+01:00We wouldn't buy from a developer as we want re...We wouldn't buy from a developer as we want resale with title deeds to avoid any risk around that famous Cypriot palaver. <br /><br />The one's that we liked are all still for sale. Some of them were Brits who would have been happy for us to make the sale in £'s which would have been useful.<br /><br />I won't waste any more of the agents or my time at this point. This trip was RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-7672345471150512172016-10-09T16:44:43.316+01:002016-10-09T16:44:43.316+01:00"...your loyalties should now be entirely to ..."...your loyalties should now be entirely to yourself and your family." In all honesty that's actually been my approach since day 1. It's a great place for value add/contribution level = earnings level which has suited me given my plans. On of my pillars was Savings = Earnings - Spending and it's enabled me to live that. There are plenty of places out there where RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-20389198738947224812016-10-09T16:34:19.103+01:002016-10-09T16:34:19.103+01:00I suppose you want a distressed UK seller looking ...I suppose you want a distressed UK seller looking to return home, rather than a Cypriot developer or European hoping to sell to people who could already be Euro based.<br /><br />Have any of the houses you were interested in sold since you were in Cyprus? <br /><br />You could always ask the agents if they have any UK sellers and what lower prices they might accept. Wandering Starnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-35447157126128414322016-10-09T16:26:37.235+01:002016-10-09T16:26:37.235+01:00Thanks for the link to my blog, RIT.
As someone w...Thanks for the link to my blog, RIT.<br /><br />As someone who has no plans to live permanently abroad, I'd go for the UK house as main residence. As diy has mentioned, if you want the lovely weather, you will have the time and the funds to travel over there whenever you want (during the dark winter months?).<br /><br />With possible uncertainty looming due to Brexit (hard/soft/whatever), I weeniehttps://www.blogger.com/profile/01602950445306813601noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-23530186907331085222016-10-09T16:22:14.596+01:002016-10-09T16:22:14.596+01:00I'm interested in your continuing to work. It...I'm interested in your continuing to work. It seems to me that if your employer is a hire 'em and fire 'em outfit, you owe them no loyalty whatever, save subject to law. Naturally you will have to answer to your own conscience, and there may be a boss, or colleagues, to whom you feel a personal debt of gratitude and whom you'd rather not leave in the lurch, but otherwise your deariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-82925757656092299772016-10-09T09:33:05.774+01:002016-10-09T09:33:05.774+01:00Very good point about buying more home than one ne...Very good point about buying more home than one needs. I call them McMansions and see/saw plenty of it out there. For me some of my criteria is quality, location, how much will it cost to heat/cool (so size, construction and insulation levels) and how difficult will it be to keep it clean/maintained. This naturally drives me towards only enough home. <br /><br />In Cyprus we were typically RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.com