Retirement...when, how old and how much??

[DenisLawBackHeel74]

You can still apply for residency there but have to jump through a few hoops to do so and prove you have a certain amount of funds in the bank. I think Spain is doing a lot of lobbying to change that rule but the EU isn't keen.

This.

Spain and Portugal have the best golden visa programs and you can meet the financial commitment by purchasing property valued over €400/€500k Euros….

 

[halfmist]

Another important thing about being retired which some have mentioned is health.
As we get older for one reason or another things begin to stop functioning.
A lot of things can be controlled by medication/operations change of lifestyle etc but I have found with my ailments I am just glad I am no longer working.
There is nothing worse than doing a high pressure job whether on a employed or self employed basis if your feeling shit and constantly needing to take time off, or on medication which affects your ability to do the job.
Retirement definitely takes those pressures away

 

[paulchapo]

This.

Spain and Portugal have the best golden visa programs and you can meet the financial commitment by purchasing property valued over €400/€500k Euros….

Yes Greece do the same.

 

[Mr Kobayashi]

Spot on, it's bloody hard running a small business these days. The corporation tax hike will put an end to tens of thousands of small buiness aspirations. Those that don't run a small business think it's allsweetness and light. Far from it.

There is very little financial incentive to start a small buiness these days and an awful lot of hassle and hoops to jump through that wernt there 30 years ago.

Whilst I wouldn't dispute any of that, most small businesses don't pay corporation tax do they?

 

[Churchlawtonblue]

Most small businesses don't pay corporation tax do they?

Not sure where you get that idea from?? There is no 0% rate.

The lowest rate is 19% up to 50k and between 50k and 250k its going to rise to 26.5% from the current 19%.

 

[Blue Maverick]

Another important thing about being retired which some have mentioned is health.
As we get older for one reason or another things begin to stop functioning.
A lot of things can be controlled by medication/operations change of lifestyle etc but I have found with my ailments I am just glad I am no longer working.
There is nothing worse than doing a high pressure job whether on a employed or self employed basis if your feeling shit and constantly needing to take time off, or on medication which affects your ability to do the job.
Retirement definitely takes those pressures away

My dad retired at 60 took redundancy/retirement, he’s was great for about 6 years then things started to go wrong health wise, the last 12 years have been shit for him, heart, type two diabetes and ailments that go with that, replacement knee, he’s a shell of himself it’s awful too watch, diagnosed with early Parkinson’s about 3 year as ago as well. So if he’d worked until 67 he basically wouldn’t have enjoyed those first 6/7 years he got off and would’ve gone from an office to his chair at home, it’s so sad and something that will drI’ve me to do more in my retirement before I reach state pension age and the slippery slope to pill popping and shitting myself!

 

[remember arthur mann]

Get the fook out as soon as possible.

 

[Mr Kobayashi]

Not sure where you get that idea from?? There is no 0% rate.

The lowest rate is 19% up to 50k and between 50k and 250k its going to rise to 26.5% from the current 19%.

I didn't say they pay nothing, but if they are sole traders or members of a partnership they pay income tax just like everyone else so they won't have be directly affected by corporation tax

59% of businesses are sole traders.

 

[Churchlawtonblue]

I didn't say they pay nothing, but if they are sole traders or members of a partnership they pay income tax just like everyone else so they won't have be directly affected by corporation tax

59% of businesses are sole traders.

OK, but clearlt if you are a Ltd company and employ even one person you do, which is what I was talking about. And that applies to most small businesses I suspect, which comes back to what I was saying, its much harder in my experience to run a small business than it was 20 odd years ago. This government are dreadful when it comes to supporting S and M business. They are only interested in helping big business.

 

[Xhavenjoe]

At my age its more like the fucking National Truss

Could be worse.
Could be Liz Truss