Cyprus-Forum.com

[Paphitis]

http://www.theguardian.com/uk-news/2015 ... enefits-eu

Yes but that's from the Guardian. They advocate an "open border policy".

they are also very Anti BREXIT and also anti Nigel Farage and all the other nay sayers.

"research by the Guardian has found, based on responses from 23 of the 27 other EU countries." So? It is based on reliable quoted sources.

I'm not questioning the Guardian's reliability.

I question the research they are saying they have done. For instance, they are claiming 30,000 Britons claiming unemployment benefits in Germany and also claim that the number of Germans is far less. That may be true, but what about all the other EU countries?

What are the parameters of this research. Where did they get their data from.

I don't like these kinds of polls because I know how manipulative the media can be, especially when they support a particular narrative.

I once made a comment on the Guardian which I thought was quite valid and reasonable, and I was subject to about 20 posts of abuse. You know the level of intellect when people resort to name calling, and obviously I made a comment that not many Guardian Readers would agree with.

[Tim Drayton]

I am trying to get that answer for you, but in the meantime the following is a point worth pondering:

Try here

http://news.bbc.co.uk/1/shared/spl/hi/i ... europe.stm

Select Europe and then the country you want and it will show how many brits are living in that country and how many are pensioners

so for cyprus for example

total - 59,00 - total inc part time - 65,000 pensioners 11,742

Not so fast.

We will need a proper break down. Such as, these may be those drawing on a State pension. how many are self funded etc?

Those Britz moving to other countries such as Cyprus are more likely to be from the self funded demographic than not.

No, I don't think you are on the right lines there. The state pension is pretty well universal in the UK and everybody who has made a reasonable amount of social security payments over their lifetime (which are compulsory for the employed and self-employed and are automatically made for groups like the unemployed and prisoners) will qualify for one (and even contributions made while working in another EU country count). What is true is that it does not pay much and most prudent people need to make other provision for retirement, and most of them get it in the form of work-based pension schemes. However, they all still draw a small amount in state pension, and thus show up statistically as being pensioners. It is certainly possible that a British citizen could leave the UK at the age of 18, work abroad outside the EU all of their lives without making UK voluntary social security contributions, make their fortune and then retire to Cyrpus without getting a UK state pension. The number of such people will be fairly small, though, even if they exist. The figure for Cyprus is actually surprising and shows that most of the British people living here now are in employment or running businesses.

[Tim Drayton]

http://www.theguardian.com/uk-news/2015 ... enefits-eu

Yes but that's from the Guardian. They advocate an "open border policy".

they are also very Anti BREXIT and also anti Nigel Farage and all the other nay sayers.

"research by the Guardian has found, based on responses from 23 of the 27 other EU countries." So? It is based on reliable quoted sources.

I'm not questioning the Guardian's reliability.

I question the research they are saying they have done. For instance, they are claiming 30,000 Britons claiming unemployment benefits in Germany and also claim that the number of Germans is far less. That may be true, but what about all the other EU countries?

What are the parameters of this research. Where did they get their data from.

I don't like these kinds of polls because I know how manipulative the media can be, especially when they support a particular narrative.

I once made a comment on the Guardian which I thought was quite valid and reasonable, and I was subject to about 20 posts of abuse. You know the level of intellect when people resort to name calling, and obviously I made a comment that not many Guardian Readers would agree with.

True. You must always question the media's motives and check one source against another. Even so, they did state the sources on which their conclusions were based in the article.

[Paphitis]

I am trying to get that answer for you, but in the meantime the following is a point worth pondering:

Try here

http://news.bbc.co.uk/1/shared/spl/hi/i ... europe.stm

Select Europe and then the country you want and it will show how many brits are living in that country and how many are pensioners

so for cyprus for example

total - 59,00 - total inc part time - 65,000 pensioners 11,742

Not so fast.

We will need a proper break down. Such as, these may be those drawing on a State pension. how many are self funded etc?

Those Britz moving to other countries such as Cyprus are more likely to be from the self funded demographic than not.

No, I don't think you are on the right lines there. The state pension is pretty well universal in the UK and everybody who has made a reasonable amount of social security payments over their lifetime (which are compulsory for the employed and self-employed and are automatically made for groups like the unemployed and prisoners) will qualify for one (and even contributions made while working in another EU country count). What is true is that it does not pay much and most prudent people need to make other provision for retirement, and most of them get it in the form of work-based pension schemes. However, they all still draw a small amount in state pension, and thus show up statistically as being pensioners. It is certainly possible that a British citizen could leave the UK at the age of 18, work abroad outside the EU all of their lives without making UK voluntary social security contributions, make their fortune and then retire to Cyrpus without getting a UK state pension. The number of such people will be fairly small, though, even if they exist. The figure for Cyprus is actually surprising and shows that most of the British people living here now are in employment or running businesses.

Yes that number would be quite small.

Isn't the State pension asset tested in the UK?

I've got buckley's chance of getting any pension like ever! But I won't need one either.

[Tim Drayton]

Isn't the State pension asset tested in the UK?

No, it's a universal right as long as you have made the necessary number of contributions over your lifetime.

[Tim Drayton]

An interesting map showing a regional breakdown of pro/anti-EU sentiment:

https://uk.news.yahoo.com/skys-brexit-m ... 21279.html

[RichardB]

I am trying to get that answer for you, but in the meantime the following is a point worth pondering:

Try here

http://news.bbc.co.uk/1/shared/spl/hi/i ... europe.stm

Select Europe and then the country you want and it will show how many brits are living in that country and how many are pensioners

so for cyprus for example

total - 59,00 - total inc part time - 65,000 pensioners 11,742

Not so fast.

We will need a proper break down. Such as, these may be those drawing on a State pension. how many are self funded etc?

Those Britz moving to other countries such as Cyprus are more likely to be from the self funded demographic than not.

No, I don't think you are on the right lines there. The state pension is pretty well universal in the UK and everybody who has made a reasonable amount of social security payments over their lifetime (which are compulsory for the employed and self-employed and are automatically made for groups like the unemployed and prisoners) will qualify for one (and even contributions made while working in another EU country count). What is true is that it does not pay much and most prudent people need to make other provision for retirement, and most of them get it in the form of work-based pension schemes. However, they all still draw a small amount in state pension, and thus show up statistically as being pensioners. It is certainly possible that a British citizen could leave the UK at the age of 18, work abroad outside the EU all of their lives without making UK voluntary social security contributions, make their fortune and then retire to Cyrpus without getting a UK state pension. The number of such people will be fairly small, though, even if they exist. The figure for Cyprus is actually surprising and shows that most of the British people living here now are in employment or running businesses.

Yes that number would be quite small.

Isn't the State pension asset tested in the UK?

I've got buckley's chance of getting any pension like ever! But I won't need one either.

Regarding UK pensions with effect from 2018 there are big changes happening.

From that date couples having both attained the State pension age and having put in the required amount of continuations (35 yrs each ) will get a state pension of £1200 per month.

If I use myself was an example, I have just turned 60 (a very young 60 I should add ) I have just started receiving a works based pension of £450 per month..now if I fast forward a little and say I and my wife were to reach the state pension age of 66 in 2018 (we have both put in the required amount of contributions) we would receive the following

Joint state pension £1200

My works pension £450

Wife's work pension £75

Giving us a joint income of £1725

Convert this to euros gives approx €2050 per month

Also I like many others will have the equity in my home to fall back on when it is sold.

I would say I am typical of many UK pensioners in Cyprus . The equity from my house sale in the UK would either

Enable us to downsize with the outright purchase in Cyprus (and put remainder in the bank) or rent and keep all the equity in the bank.

I am in the lucky situation of not needing to buy or rent.

What I guess I am saying is if you use moi as a typical example of a Brit expat you will see with the income coming in and the back up of money in the bank I can live quiet happily in Cyprus ..

[B25]

Won't you be taxed on that pension??

Unless you have an NT tax code from the UK, it will be taxable? Or if you do, you'll pay 5% here.

Unless I am missing something?

[RichardB]

Won't you be taxed on that pension??

Unless you have an NT tax code from the UK, it will be taxable? Or if you do, you'll pay 5% here.

Unless I am missing something?

Hi B25 This is something I will look into nearer the date, at the moment myself and my yinaika are both allowed to earn 11000 per annum before tax ..The income above is a joint income based on both our contributions so I would think not ..But even if it is taxed at the base rate of 20per cent on income over 11000 per annum it would give an income of around 19000 € per annum..still plenty to live on Being rent free

Edit just checked government website , seem first 25per cent is tax free and rest is taxable at 20per cent on that basis income would be €6000 tax free , €18000 @ 20per cent = €3600 giving income of approx €20000 pa