DENISE WALTERS

Yes hopefully your right , U S are making the right noises lets hope the banks hear them as well

encodeme

At least he is there to clean up some of his own mess.
Under his stewardship of the economy there won't be any more boom and busts.
Also turkeys won't be eaten at christmas
I bet laughing boy is pleased he is no longer Prime Minister.

poshnbucks

The only thing Phillip warms up is his old chap.....He has been at it for years....I say..No hottie for me old girl bring me a nice 18 year old filly to warm the sheets what what

me me

Not exactly known for his fidelity to her Maj.

snikpoh

Perhaps this should be a separate thread but WHY do people leave their pension in UK and then complain about exchange rates? Why not transfer the pension here in one go and then never have to worry about exchange rates again?

fionamw

Yes, people do get them.... (and arguably might need them given the temperatures hereabouts some of the time during the winter period)

DENISE WALTERS

Some of us havnt moved completely, as yet so pensions would still be in UK. I suppose it would make sence if living there permanently. It used to be advantageous to leave it in UK when Pound was strong

DebsyW

Pound not strong.
May I ask? --When Is the move classed as `complete?` I know some split between countries within the seasons but I refer to those who say `I live in Spain.` Some on here have been in Spain almost 5 years and more. The exchange rate that we enjoyed as tourists and expats as pensioneres is no longer, worryingly. I only ask for future reference if necessary. I`m still in UK and unfortunately retirement for me is way off.

Just an edit - I assume it was because of the exchange rate. I didn`t know that you could transfer your pension over to be honest, but that is because we hadn`t looked into it as a move is a long way fro imminent.

big wheels

Quoted from the link.

He said: "It's ludicrous that people on the Costa del Sol are getting Winter Fuel payments.

'These benefits are meant to help hard-up pensioners in Britain get through the winter,

Hear Hear

Putting my head on the block here,but.........

If people are so desperate about whether they get an extra £200-£300 per year. It begs the question as to whether they could afford to move to another country in the first place.

poshnbucks

If you are in receipt of a government pension it will always remain in the UK and can not be transfered. People with private pensions can move them where they like.

jdr

As far as I know it is possible to have them paid into a Spanish bank if you wanted to.

snikpoh

Yes, but my point was that with private pensions, they can be transferred as a whole under the 'QROPS' scheme.

I know some pensions can't be moved (teachers, government etc.) but the rest can and I think this should be considered in the current climate.

EsuriJohn

I used to believethat too. However I have since found that there are at least two countries Australia and Cyprus where you can export a Government pension untaxed and then take advantage of the overseas tax regime.

This is particularly advantageous for Cypus resident pensioners where you can choose a flat 5% tax rate. Ok the fund has not moved because it is not funded but the effect is the same save for the exchange rate problems.

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poshnbucks

You can have them paid into your Spanish account but you cannot move them to Spain lock stock and barrel having left the UK for 5 years for tax purposes under the 'QROPS' scheme. It is a shame because I am sure I read somewhere that Government pensions in Spain are tax free but I probably half read the thing as usual. I did read last night on the Australian forum that plod could move their pension.We are only dealing with Spain/UK here until rugbymatt arrives

rugbymatt

10 million a year eh?

Hmm.....


Well, it ain't a bad idea is it?