Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Reply
 
Thread Tools Display Modes
  #101  
Old 25.11.2015, 21:44
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 15,679
Groaned at 253 Times in 214 Posts
Thanked 13,087 Times in 7,364 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
Time to settle now ? Where will SHE take you?
Skiing in France for the winter suits her down to the ground as she skied from the age of 4, Summer in Malta plus a few weeks in the UK will work. The only question is where to go on holiday.
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #102  
Old 25.11.2015, 21:52
Forum Legend
 
Join Date: Sep 2010
Location: Neuchatel
Posts: 21,037
Groaned at 445 Times in 337 Posts
Thanked 23,989 Times in 10,888 Posts
Odile has a reputation beyond reputeOdile has a reputation beyond reputeOdile has a reputation beyond reputeOdile has a reputation beyond reputeOdile has a reputation beyond reputeOdile has a reputation beyond repute
Re: Where to retire?

Switzerland of course
Reply With Quote
  #103  
Old 25.11.2015, 21:54
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 15,679
Groaned at 253 Times in 214 Posts
Thanked 13,087 Times in 7,364 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
Switzerland of course
Well my brother has a Chalet on Verbier, so we will be here for a week or so, skiing is hard work, not really a holiday I had in mind
Reply With Quote
  #104  
Old 25.11.2015, 21:58
Today only's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Europe
Posts: 5,171
Groaned at 630 Times in 409 Posts
Thanked 6,039 Times in 2,895 Posts
Today only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
I have just completed my first year of retirement, I spent my time in 4 countries as follows:-

29 weeks Malta
11 weeks France
10 weeks UK
2 weeks CH

I did 8 days of work.
Why so much work, cut back, you're retired now
Reply With Quote
  #105  
Old 25.11.2015, 23:20
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 12,374
Groaned at 265 Times in 173 Posts
Thanked 14,697 Times in 6,224 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
I have just completed my first year of retirement, I spent my time in 4 countries as follows:-

29 weeks Malta
11 weeks France
10 weeks UK
2 weeks CH

I did 8 days of work.
Do you find the time you need to spend in Malta to be onerous?
Reply With Quote
  #106  
Old 25.11.2015, 23:25
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 15,679
Groaned at 253 Times in 214 Posts
Thanked 13,087 Times in 7,364 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
Why so much work, cut back, you're retired now
Work is definitely getting in the way, it feels like a terrible imposition on ones life.
Quote:
View Post
Do you find the time you need to spend in Malta to be onerous?
No it's great, I could easily drop time in the UK & spend more time in Malta. I don't think anyone would care or notice if I was in Malta less. There are expats who have lived there for years & still don't have residents cards, it's very unlike 'Swiss' as far as rules go.
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #107  
Old 03.10.2016, 22:25
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 12,374
Groaned at 265 Times in 173 Posts
Thanked 14,697 Times in 6,224 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
I would be very careful about moving anywhere far away on retirement. I have seen many do this and end in disaster as they try to cope with starting all over again at an age when you simply no longer want to.
Quote:
View Post
Have you considered:

1) You aren't exactly close to death yet
2) A brave soul may make an honest man of you
2a) Said BS may prefer cooler climes?
2b) Said BS may want to live where he/she grew up?
3) Said BS may agree to spawning with you - and hence:
3a) You may wish to retire near your spawn
3b) You may wish to retire near your grand-spawn

Figuring out where to retire should take a distant back seat to
"What the f*** will my next 25 years be?"
Quote:
View Post
Glad I'm not the only one scratching my head in puzzlement at someone making a "where shall I retire" thread, around 15-20 years before he actually likely retires. Bizzarre.
What you forget is, if you plan to be somewhere for retirement, and it is also a great place to live and work, you can move there immediately and start a life there so that when you retire, you don't need to uproot and move to another country, but should already have your life established there etc.
Reply With Quote
This user would like to thank Phil_MCR for this useful post:
  #108  
Old 03.10.2016, 22:41
Forum Legend
 
Join Date: Mar 2009
Location: Zurich
Posts: 10,394
Groaned at 595 Times in 452 Posts
Thanked 13,935 Times in 5,415 Posts
Richdog has a reputation beyond reputeRichdog has a reputation beyond reputeRichdog has a reputation beyond reputeRichdog has a reputation beyond reputeRichdog has a reputation beyond reputeRichdog has a reputation beyond repute
Re: Where to retire?

Is there a 1 year delay on your submit button?
Reply With Quote
The following 2 users would like to thank Richdog for this useful post:
  #109  
Old 09.10.2016, 19:15
Newbie 1st class
 
Join Date: Oct 2016
Location: Close to Winterthur
Posts: 22
Groaned at 0 Times in 0 Posts
Thanked 24 Times in 8 Posts
Baby Merlin has made some interesting contributions
Re: Where to retire?

It might be prudent to retain a Swiss domicile for tax reasons and spend many months outside of the country in a warmer climate particularly in old age.
Reply With Quote
This user would like to thank Baby Merlin for this useful post:
  #110  
Old 09.10.2016, 20:26
omtatsat's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Timbuktoo/Zürich
Posts: 5,275
Groaned at 713 Times in 391 Posts
Thanked 1,841 Times in 1,217 Posts
omtatsat omtatsat omtatsat omtatsat omtatsat
Re: Where to retire?

Well Montpellier in France is a beautiful city and has a great climate.If you have Swiss nationality then its a good choice I feel. Plus its a short trip to Cap D'Agde where you can lie around naked all day with 20,000 other retirees!
Quote:
View Post
As an expat who has been away from my home country for long enough that I don't really have a place to call home.

Now I am thinking of place where I would like to live and also where I would like to retire.

Anyone else in a similar situation? What are your shortlist countries (ignoring visa considerations etc.)? What are your criteria?

For me, I would like:

- Warm/mild climate
- Ideally a tax system that does not tax foreign income/assets
- Good healthcare
- Low cost of living
- Good food

For me, one Hong Kong may be a possibility, and hits a lot of the requirements except that the climate is hot and humid in the summer months.

Last edited by omtatsat; 09.10.2016 at 20:37.
Reply With Quote
  #111  
Old 09.10.2016, 20:33
robBob's Avatar
Forum Veteran
 
Join Date: Mar 2012
Location: Zurich
Posts: 1,014
Groaned at 22 Times in 13 Posts
Thanked 763 Times in 449 Posts
robBob has earned the respect of manyrobBob has earned the respect of manyrobBob has earned the respect of many
Re: Where to retire?

Quote:
View Post
It might be prudent to retain a Swiss domicile for tax reasons and spend many months outside of the country in a warmer climate particularly in old age.
It may be best to keep no domicile for tax reasons!
Reply With Quote
  #112  
Old 10.10.2016, 15:03
omtatsat's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Timbuktoo/Zürich
Posts: 5,275
Groaned at 713 Times in 391 Posts
Thanked 1,841 Times in 1,217 Posts
omtatsat omtatsat omtatsat omtatsat omtatsat
Re: Where to retire?

I think there are special rules if you leave for more than 6 months or so but not sure about that
Quote:
View Post
It might be prudent to retain a Swiss domicile for tax reasons and spend many months outside of the country in a warmer climate particularly in old age.
Reply With Quote
  #113  
Old 10.10.2016, 15:32
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 15,679
Groaned at 253 Times in 214 Posts
Thanked 13,087 Times in 7,364 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
It might be prudent to retain a Swiss domicile for tax reasons and spend many months outside of the country in a warmer climate particularly in old age.
Moving ones tax domicile to Malta is way better than CH. Your only taxed on INCOME remitted to Malta, not world wide earnings. Zero capital gains, No silly taxes on owning your own house with free healthcare if you have a British passport.

Staff are also very cheap, we had a waiter for every 5 guests at my wedding.
Reply With Quote
  #114  
Old 10.10.2016, 15:33
baboon's Avatar
Forum Legend
 
Join Date: Apr 2007
Location: Rheintal
Posts: 3,011
Groaned at 95 Times in 84 Posts
Thanked 4,060 Times in 1,974 Posts
baboon has a reputation beyond reputebaboon has a reputation beyond reputebaboon has a reputation beyond reputebaboon has a reputation beyond reputebaboon has a reputation beyond reputebaboon has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
... with free healthcare if you have a British passport.
Only until about 2019....
Reply With Quote
  #115  
Old 10.10.2016, 15:35
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 15,679
Groaned at 253 Times in 214 Posts
Thanked 13,087 Times in 7,364 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
Only until about 2019....
No, it's because Malta was a Crown dependent of the UK for 150 years, it's the only foreign country the Queen lived in. No other EU passport qualifies
Reply With Quote
  #116  
Old 10.10.2016, 15:36
omtatsat's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Timbuktoo/Zürich
Posts: 5,275
Groaned at 713 Times in 391 Posts
Thanked 1,841 Times in 1,217 Posts
omtatsat omtatsat omtatsat omtatsat omtatsat
Re: Where to retire?

But Switzerland does not tax on world earnings.At least not for an Australian.
Quote:
View Post
Moving ones tax domicile to Malta is way better than CH. Your only taxed on INCOME remitted to Malta, not world wide earnings. Zero capital gains, No silly taxes on owning your own house with free healthcare if you have a British passport.

Staff are also very cheap, we had a waiter for every 5 guests at my wedding.
Reply With Quote
  #117  
Old 10.10.2016, 15:38
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 15,679
Groaned at 253 Times in 214 Posts
Thanked 13,087 Times in 7,364 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
But Switzerland does not tax on world earnings.At least not for an Australian.
Thats totally untrue, your clearly EVADING tax. If you live in Switzerland your taxable on WORLDWIDE income.
Reply With Quote
  #118  
Old 10.10.2016, 15:43
omtatsat's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Timbuktoo/Zürich
Posts: 5,275
Groaned at 713 Times in 391 Posts
Thanked 1,841 Times in 1,217 Posts
omtatsat omtatsat omtatsat omtatsat omtatsat
Re: Where to retire?

Well read this!

https://www.ato.gov.au/General/Inter...ies_aim_to_do_



Quote:
View Post
Thats totally untrue, your clearly EVADING tax. If you live in Switzerland your taxable on WORLDWIDE income.
Reply With Quote
  #119  
Old 10.10.2016, 15:48
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 15,679
Groaned at 253 Times in 214 Posts
Thanked 13,087 Times in 7,364 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Where to retire?

Your taxable in Switzerland, regardless of any tax treaties, if you live in CH.
You are required to declare worldwide income on a Swiss Tax return, credit will be given if a valid treaty exists. Further tax may or may not be payable.
Reply With Quote
  #120  
Old 10.10.2016, 15:49
omtatsat's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Timbuktoo/Zürich
Posts: 5,275
Groaned at 713 Times in 391 Posts
Thanked 1,841 Times in 1,217 Posts
omtatsat omtatsat omtatsat omtatsat omtatsat
Re: Where to retire?

Yes. Thats what I was saying!!
Quote:
View Post
Your taxable in Switzerland, regardless of any tax treaties, if you live in CH.
You are required to declare worldwide income on a Swiss Tax return, credit will be given if a valid treaty exists. Further tax may or may not be payable.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Peter Spuhler to retire Rob Swiss politics/news 20 04.10.2012 22:50
The only way for anyone to retire now is to become a millionare desperate Finance/banking/taxation 91 01.09.2011 12:52
Retire to Belize Peg A International affairs/politics 1 15.08.2010 14:41
Leuenberger to retire ThomasT Swiss politics/news 9 10.07.2010 07:05
How to retire early? PlantHead Finance/banking/taxation 83 23.02.2010 13:40


All times are GMT +2. The time now is 18:52.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0