Originally Posted by hrothgar (Post 5852801)

As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!

Originally Posted by hrothgar (Post 5852801)

As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!

Originally Posted by Mitzyboy (Post 5852936)

I started a thread on this in Siesta time, and got very little input. Not only pension r/ex implications, but investments on stocks / shares down also.

Originally Posted by hrothgar (Post 5852801)

As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!

Originally Posted by rugbymatt (Post 5852943)

Except the excellent advice I offered.

Originally Posted by hrothgar (Post 5852801)

As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!

Originally Posted by Same Difference (Post 5852964)

Bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbullseye! :lol:
__________________

Originally Posted by rugbymatt (Post 5852973)

He is gonna get upset you know.

Originally Posted by malagaman (Post 5852966)

That must be one hell of a pension you're on if a difference of 8 cents drop in the euro makes a 3000 euro defecit!!!
I don't know what a pension you're on but let's take a round figure of £1000 per month. At 1.40 euros per pound you would get 1400 euros, at 1.32 euros you would get 1320 euros a difference of 80 euros or am I missing something? apologies if I am

Originally Posted by Same Difference (Post 5852977)

Nah, he`s a mod........mods are as hard as steel ;)

Originally Posted by rugbymatt (Post 5852984)

I think he is ignoring us.................he should know better than that, no one can ignore us!

Originally Posted by Same Difference (Post 5852994)

Dont forget he is older than us, it may take him a while to think of a witty reply :lol:

Originally Posted by rugbymatt (Post 5853002)

That's true.............and he looks suspiciously like the second guy on my Crimestoppers link!

Originally Posted by Same Difference (Post 5853012)

I did notice the likeness ;)...........Oh dear Im a newbie, Im going to get into trouble I can see!

Originally Posted by rugbymatt (Post 5853026)

That's OK, you fit in nicely, but I am a little worried that Mitzy is keeping so quiet.

Originally Posted by Same Difference (Post 5853035)

He has probably gone for a lie down!

Originally Posted by rugbymatt (Post 5853056)

Bless.



So are you feeling the pinch?

Originally Posted by Same Difference (Post 5853068)

Only with my jeans being too tight :blink:

You?

Originally Posted by rugbymatt (Post 5853073)

only if I do my flies up without due care and attention.

Originally Posted by Same Difference (Post 5853090)

Sounds like that would be more than a pinch..........more like agony :eek:

Originally Posted by rugbymatt (Post 5853111)

I think we are in trouble you know.

Originally Posted by Same Difference (Post 5853116)

Me too :blink:

But I blame you completely, because before I became a member I used to watch you hijack lots of threads..........now you have got me involved in your naughty ways :blink:

Originally Posted by gazz (Post 5853149)

i think you,ve pinched this thread!:rofl:

Originally Posted by GCM (Post 5853667)

The impact of this is HUGE.

It means for Brits looking to buy property, suddenly property prices are much much higher. Of course this will reduce sales and so many people I know are reliant on the property market.

Unless you are making your living in euros then every time you transfer your pounds you receive less and less.

The pound is according to most experts due to fall further. As pointed out this will have a major effect on pensioners.

Mark

Originally Posted by Mitzyboy (Post 5852978)

I think its fairly obvious that the OP has made a mistake and probably means €3000 a year ;):)

Originally Posted by Mitzyboy (Post 5853977)

The r/ex is actually getting better for people transferring to Spain from the UK, nit by much, but it is in an upward direction

Yours sincerely
Mr Optomist

Originally Posted by jo-ann (Post 5854631)

We are around 100 euros a month less on our state pensions which is a big drop when prices here are rising all of the time. I dare'nt look at the shares, all investments are in a downward spiral at the moment and it doesn't look set to improve.:thumbdown:

Originally Posted by hrothgar (Post 5857253)

Now I've taken tax into consideration it looks slightly better, as less income means less tax. So it means I'll be 200 euros worse off - not 300.

Originally Posted by hrothgar (Post 5857170)

How is your tax taken off - monthly or annually?

Originally Posted by jo-ann (Post 5857712)

We are taxed here in spain annually, and pay very little as we are not earning that much.