CETV 2.7m to leave or not?

JoeCrystal

Frankly, I reckon that the legislations dealing with such high pension pot values would be increasingly more complex and taxing as times go on. 

Indeed, having enough iron-clad guaranteed income coming in is a key to a stress-free life rather than maximising the fund value.    It is a lovely problem for HectorPascal to consider over although!

ratechaser

Move to Portugal, become tax resident, take it all out in one go and put two fingers up to HMRC. Job done.

How's that for inspiration?

TBC15

ratechaser said:

Move to Portugal, become tax resident, take it all out in one go and put two fingers up to HMRC. Job done.

How's that for inspiration?

I was thinking exactly the same thing myself. Get a nice house out of it and live the dream. It’s what I would do (assuming its feasible).

tacpot12

Bail. It’s time to start enjoying your savings. 

garmeg

ratechaser said:

Move to Portugal, become tax resident, take it all out in one go and put two fingers up to HMRC. Job done.

How's that for inspiration?

Brexit may have killed that escape route.

TBC15

garmeg said:

ratechaser said:

Move to Portugal, become tax resident, take it all out in one go and put two fingers up to HMRC. Job done.

How's that for inspiration?

Brexit may have killed that escape route.

Clocks ticking get in soon.

BritishInvestor

HectorPascal said:

Actually this is for real fellas. I have spoken to St James Place at length (and people like them) but can't live with their fees. Then along comes a lil' ol' pandemic and all the sums in the word suddenly don't add up anymore.
I was just hoping there might be a flash of inspiration out there to, err inspire me.

Out of interest what were SJP quoting for initial and ongoing?

Albermarle

ratechaser said:

Move to Portugal, become tax resident, take it all out in one go and put two fingers up to HMRC. Job done.

How's that for inspiration?

Isn't Cyprus usually the best bet for rich ex pats ? Although maybe Brexit will kill that off as well. 

ratechaser

Albermarle said:

ratechaser said:

Move to Portugal, become tax resident, take it all out in one go and put two fingers up to HMRC. Job done.

How's that for inspiration?

Isn't Cyprus usually the best bet for rich ex pats ? Although maybe Brexit will kill that off as well. 

I think there are a few country options with low entry costs to get residency benefits (in Greece its a mere €250k property investment and your whole family can be covered).

Then there are countries that offer low or zero tax incentives on foreign pension withdrawals.

Then there are countries that have both of the above and I'd actually be happy to live in for a period. That's where Portugal ticks the box for me... Just a personal preference...

Will probably be all change in a few years when my time comes, but hopefully still some options. There are always countries that will offer incentives for inward investment, both for businesses and individuals...