Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #121  
Old 10.10.2016, 15:50
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 17,368
Groaned at 297 Times in 245 Posts
Thanked 16,296 Times in 9,050 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
Yes. Thats what I was saying!!
Your tax on Swiss income is likely to be higher than it would be if you did not have foreign (already taxed) earnings.

You were saying something completely different.
Reply With Quote
  #122  
Old 10.10.2016, 15:52
omtatsat's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Timbuktoo
Posts: 9,540
Groaned at 1,848 Times in 1,001 Posts
Thanked 4,365 Times in 2,780 Posts
omtatsat is considered unworthyomtatsat is considered unworthyomtatsat is considered unworthyomtatsat is considered unworthy
Re: Where to retire?

Yes right. You go into a higher tax category
Quote:
View Post
Your tax on Swiss income is likely to be higher than it would be if you did not have foreign (already taxed) earnings.

You were saying something completely different.
Reply With Quote
  #123  
Old 12.08.2019, 20:20
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 13,379
Groaned at 269 Times in 175 Posts
Thanked 16,150 Times in 6,868 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
Malta is very interesting for EU citizens, you only need 14,000 euros capital or income of 84.95 euro a week to become 'self sufficient'.
Your only taxed on income earned or remitted to Malta if your 'non Dom' capital gains can be remitted free of tax.

No annual property tax, however Property in Malta does attract capital gains on a sale.

Your Swiss pension fund can be used to buy a principle residence in Malta.

Non EU's have to pay a min Tax of 20k, rent min 10k & have rather more capital.

It's EU, part of Schengen with good hospitals & English is an official language

The weather is better than the Isle of Man, another place for born again tax haters.
Just revisiting this and wondered if post-Brexit you would be subject to those minimum taxes or whether there was some exemption?
Reply With Quote
This user would like to thank Phil_MCR for this useful post:
  #124  
Old 12.08.2019, 22:11
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 17,368
Groaned at 297 Times in 245 Posts
Thanked 16,296 Times in 9,050 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
Just revisiting this and wondered if post-Brexit you would be subject to those minimum taxes or whether there was some exemption?
They made a change last year for Non Doms, if your worldwide income in over €35,000 (Couple or single) you have a min Malta liability of €5k otherwise worldwide taxation. My income is way below but my wife has a business in the UK so I just withdrew £30k from my UK pension & remitted it to Malta.

If there is a no deal Brits will get a 10 year residents permit rater than EU 5 year permit.

Min capital requirements remain 14k/21k single / couple.
Reply With Quote
The following 2 users would like to thank fatmanfilms for this useful post:
  #125  
Old 12.08.2019, 22:22
omtatsat's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Timbuktoo
Posts: 9,540
Groaned at 1,848 Times in 1,001 Posts
Thanked 4,365 Times in 2,780 Posts
omtatsat is considered unworthyomtatsat is considered unworthyomtatsat is considered unworthyomtatsat is considered unworthy
Re: Where to retire?

Southern France . Montpellier area.
Reply With Quote
  #126  
Old 12.08.2019, 22:30
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 17,368
Groaned at 297 Times in 245 Posts
Thanked 16,296 Times in 9,050 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
Southern France . Montpellier area.
French taxes & social charges are very high.
Reply With Quote
  #127  
Old 12.08.2019, 22:58
Treverus's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Luxembourg
Posts: 11,545
Groaned at 288 Times in 245 Posts
Thanked 21,585 Times in 7,865 Posts
Treverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
Just revisiting this and wondered if post-Brexit you would be subject to those minimum taxes or whether there was some exemption?
Why? Did you scrap the plan to retire in HK?
Reply With Quote
  #128  
Old 12.08.2019, 23:46
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 13,379
Groaned at 269 Times in 175 Posts
Thanked 16,150 Times in 6,868 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
Why? Did you scrap the plan to retire in HK?
I rule out HK from the get-go due to climate. I'm really looking only at Europe now. Switzerland would be easiest apart from it is probably too expensive due to high housing costs, taxes and AHV.
Reply With Quote
  #129  
Old 13.08.2019, 08:53
omtatsat's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Timbuktoo
Posts: 9,540
Groaned at 1,848 Times in 1,001 Posts
Thanked 4,365 Times in 2,780 Posts
omtatsat is considered unworthyomtatsat is considered unworthyomtatsat is considered unworthyomtatsat is considered unworthy
Re: Where to retire?

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.
Well Australia still seems to be " the lucky country" in view of its " isolation"and offers many possibilities for working and for retirement.
Reply With Quote
  #130  
Old 13.08.2019, 09:11
Jdr Jdr is offline
Junior Member
 
Join Date: Feb 2016
Location: Koblenz AG
Posts: 61
Groaned at 0 Times in 0 Posts
Thanked 76 Times in 41 Posts
Jdr is considered knowledgeableJdr is considered knowledgeableJdr is considered knowledgeable
Re: Where to retire?

Quote:
View Post
I'm really looking only at Europe now.

Germany. Low costs, cheap housing, no wealth tax. Low tax, IF you take your pension as a lump sum in CH, and only afterwards go to Germany.
Reply With Quote
The following 3 users would like to thank Jdr for this useful post:
  #131  
Old 13.08.2019, 10:02
Forum Legend
 
Join Date: Sep 2006
Location: SZ
Posts: 10,011
Groaned at 25 Times in 24 Posts
Thanked 22,527 Times in 7,181 Posts
meloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond repute
Re: Where to retire?

Looking ahead to November 2020, with retirement not far behind, I think I need a Plan B.

So is there anywhere in Europe an American might have a hope of gaining a visa/permit as a retiree? (Or semi-retiree, as OH likely will likely to do a bit of consulting.)

Bonus points for somewhere my functional German or atrocious French might be useful.

Any ideas?

Or should I just bite the bullet now, buy that farm in Vermont with a private potable water supply, get to stocking the cellar with canned goods, and hope to ride out the Apocalypse/my sunshine years off the grid?
Reply With Quote
This user would like to thank meloncollie for this useful post:
  #132  
Old 13.08.2019, 10:06
Forum Legend
 
Join Date: Mar 2009
Location: Zurich
Posts: 11,872
Groaned at 764 Times in 542 Posts
Thanked 16,126 Times in 6,344 Posts
Chuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
Looking ahead to November 2020, with retirement not far behind, I think I need a Plan B.

So is there anywhere in Europe an American might have a hope of gaining a visa/permit as a retiree? (Or semi-retiree, as OH likely will likely to do a bit of consulting.)

Bonus points for somewhere my functional German or atrocious French might be useful.

Any ideas?
This is a tough one, but... Germany or France?

EDIT - https://moneywise.com/a/best-countries-to-retire-on-1m

Last edited by Chuff; 13.08.2019 at 11:30.
Reply With Quote
The following 2 users would like to thank Chuff for this useful post:
  #133  
Old 13.08.2019, 10:07
omtatsat's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Timbuktoo
Posts: 9,540
Groaned at 1,848 Times in 1,001 Posts
Thanked 4,365 Times in 2,780 Posts
omtatsat is considered unworthyomtatsat is considered unworthyomtatsat is considered unworthyomtatsat is considered unworthy
Re: Where to retire?

Well Tessin is very attractive. Buy an old rustic broken house for a couple of hundred thousand
Reply With Quote
This user would like to thank omtatsat for this useful post:
  #134  
Old 13.08.2019, 10:31
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 13,379
Groaned at 269 Times in 175 Posts
Thanked 16,150 Times in 6,868 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
Looking ahead to November 2020, with retirement not far behind, I think I need a Plan B.

So is there anywhere in Europe an American might have a hope of gaining a visa/permit as a retiree? (Or semi-retiree, as OH likely will likely to do a bit of consulting.)

Bonus points for somewhere my functional German or atrocious French might be useful.

Any ideas?

Or should I just bite the bullet now, buy that farm in Vermont with a private potable water supply, get to stocking the cellar with canned goods, and hope to ride out the Apocalypse/my sunshine years off the grid?
Did you look at Portugal? It's a common retirement destination and I know of one US family retiring there. Language is something to deal with though. I'm sure you can get to atrocious Portuguese quickly
Reply With Quote
The following 5 users would like to thank Phil_MCR for this useful post:
  #135  
Old 13.08.2019, 11:38
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 17,368
Groaned at 297 Times in 245 Posts
Thanked 16,296 Times in 9,050 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
Did you look at Portugal? It's a common retirement destination and I know of one US family retiring there. Language is something to deal with though. I'm sure you can get to atrocious Portuguese quickly
I was in Quinta do Lago last week, English spoken everywhere, looks like the UK as they spend a fortune watering the grass. If you have lots of pension income it's the place of choice providing the pension iss not a lump sum. CGT on investments rules Portugal out for me.
Reply With Quote
The following 2 users would like to thank fatmanfilms for this useful post:
  #136  
Old 13.08.2019, 13:58
Treverus's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Luxembourg
Posts: 11,545
Groaned at 288 Times in 245 Posts
Thanked 21,585 Times in 7,865 Posts
Treverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
Did you look at Portugal? It's a common retirement destination and I know of one US family retiring there. Language is something to deal with though. I'm sure you can get to atrocious Portuguese quickly
I was about to suggest Portugal. Would be my top pick for a cheap retirement place in the EU right now. I know some people who moved to Montenegro as you can get a house at the seaside cheap as chips… but I wonder about healthcare and infrastructure.
Reply With Quote
This user would like to thank Treverus for this useful post:
  #137  
Old 13.08.2019, 14:12
Forum Legend
 
Join Date: Sep 2006
Location: SZ
Posts: 10,011
Groaned at 25 Times in 24 Posts
Thanked 22,527 Times in 7,181 Posts
meloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond repute
Re: Where to retire?

Quote:
View Post
This is a tough one, but... Germany or France?
I'd love to retire to Germany. I'd probably be met at the border by my rescue colleagues with a dozen or so homeless collies in tow, no worries about how to fill my days. However, if I have understood German immigration options correctly, it's quite difficult for a non-EU person to move as a retiree.


I was surprised to see Scotland included in this list, as I had remembered that the UK retired person of independent means visa was done away with some years ago. A quick check of the uk.gov site confirms.

Too bad, I could see myself sitting out my latter years in the Scottish mists. (My knowledge of Scotland comprising solely of Masterpiece Theater and tourist brochures gathered for trips never taken. )

Maybe in retirement I'll finally be able to at least take that holiday.

Interesting list - thanks.
Reply With Quote
  #138  
Old 13.08.2019, 15:54
Dack Rambo's Avatar
Forum Legend
 
Join Date: Mar 2010
Location: Switzerland
Posts: 2,783
Groaned at 187 Times in 114 Posts
Thanked 1,772 Times in 869 Posts
Dack Rambo has an excellent reputationDack Rambo has an excellent reputationDack Rambo has an excellent reputationDack Rambo has an excellent reputation
Re: Where to retire?

Quote:
View Post
Germany. Low costs, cheap housing, no wealth tax. Low tax, IF you take your pension as a lump sum in CH, and only afterwards go to Germany.

If you take your pension second pillar as a lump sum, move to Germany and continue working there, how much tax do you have to pay on your second pillar cash?
Reply With Quote
  #139  
Old 13.08.2019, 16:55
3Wishes's Avatar
Moderately Amused
 
Join Date: Jul 2010
Location: Bern area
Posts: 9,733
Groaned at 66 Times in 63 Posts
Thanked 15,529 Times in 7,113 Posts
3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute
Re: Where to retire?

meloncollie, I know you don't like when I beat a topic to death but seriously - get your red passport. If the gal from Iraq can appeal and get it with 204 Uhs in her interview, you and your muttley crew will be fine. This will open so many more retirement options to you.
Reply With Quote
The following 5 users would like to thank 3Wishes for this useful post:
  #140  
Old 13.08.2019, 16:59
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 17,368
Groaned at 297 Times in 245 Posts
Thanked 16,296 Times in 9,050 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
If you take your pension second pillar as a lump sum, move to Germany and continue working there, how much tax do you have to pay on your second pillar cash?
That will depend on the canton that you live in, when you cash in the pension. Not like taking the pension after leaving.
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 01:47.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0