The Consequences of Brexit [Part 6] READ FIRST POST BEFORE COMMENTING

[nightrider 13]

44 minutes ago, L00b said:

Your place of residence dictates your tax liability.  

 

That 25% is an exit tax, a form of capital control. It’s illegal in the EU between EU member states under the principle of FoM of capitals. Otherwise perfectly legal.

 

I didn’t look into the implementation specifics: we  took our U.K. private pensions and exfiltrated them into QROPs outside of the U.K. last year, so not a concern for us anymore.

 

Hope for best, plan for worst, as usual 😉

According to the FT its a tax if you transfer the pension overseas:

https://www.ft.com/content/276e26e4-0594-11e7-aa5b-6bb07f5c8e12

 

So as cyclone says then it appears to be the case if you keep it as a UK pension paid into a UK bank account there would be no tax. Then you just need to make a monthly transfer to your foreign account if you prefer (which can be done free of charge nowadays via various companies). So the only worry would be exchange rates.

 

Of course the country you live in may class the pension as income and require you to pay their income tax rate on it. But thats also the case if you live in the UK anyway isn't it?

 

[woodview 10]

1 hour ago, I1L2T3 said:

The best that could be hoped for is a nominal say. Norway and Switzerland do have some input but in the end the needs of Malta and Cyprus count for more.

 

Corbyn clearly knows his plan will be rejected out of hand by the Tories. He also knows that most of it would be accepted by the EU27.

 

He’s boxing May into a corner

I think he knows that 

Really? His plan is to carry on paying membership, still have FoM and still comply with EU based rules. He can say we've 'left' , but does he really think that fools anybody? I don't think it will. We'll see.

Time they got someone else in charge. I'd have more faith if they just said they were a Remain party like Lib Dems at least it would be honest. Problem is the nuisance of northern Labour Leave supporters.

[Top Cats Hat 10]

7 hours ago, Baron99 said:

Maybe you'd like to provide us all with the source for the £80 billion figure when apparently it's nowhere near the figure you've claimed? 

You are absolutely right.

 

That figure is over 6 months old and based on a figure of £500 million per week which has increased in recent months as 'no deal planning' has escalated.

 

The figure is probably closer to £100 billion now!

[Shunter 0]

Even after everything that Tusk has said, surely there's not much hope or faith in a renegotiation with the EU. He was pretty strong in labelling people as stupid and originally from satans lair. How will it be possible for his statements not to be forgotten so easily?

[L00b 441]

1 hour ago, nightrider said:

Three have said they won't reintroduce roaming charges I believe.  Not sure about other companies.

Why don't you ask your MP? 

 

Because after the draft SI gets fast-tracked as law under emergency legislative powers of the Executive (thanks Brexit), all you'll be left with is the word of mobile operators. Which have both PR departments, and shareholders. I'll let you conclude which has the most influence.

1 hour ago, nightrider said:

According to the FT its a tax if you transfer the pension overseas:

https://www.ft.com/content/276e26e4-0594-11e7-aa5b-6bb07f5c8e12

 

So as cyclone says then it appears to be the case if you keep it as a UK pension paid into a UK bank account there would be no tax. Then you just need to make a monthly transfer to your foreign account if you prefer (which can be done free of charge nowadays via various companies). So the only worry would be exchange rates.

 

Of course the country you live in may class the pension as income and require you to pay their income tax rate on it. But thats also the case if you live in the UK anyway isn't it?

 

Thanks for the link...but the obvious issue with your line of thought, is that those "free transfer services" between the UK and EU27 banks, based on passporting  rights, end on 29 March 2019. So it'll cost Brit retirees in the EU, current and future, any which way. That's before we look at the FOREX, of course.

Edited February 7, 2019 by L00b

[L00b 441]

24 minutes ago, Shunter said:

Even after everything that Tusk has said, surely there's not much hope or faith in a renegotiation with the EU. He was pretty strong in labelling people as stupid and originally from satans lair. How will it be possible for his statements not to be forgotten so easily?

So long as the UK camps on Theresa's red lines, there never was any such hope. And the EU has been telling it to the UK loud and clear for months. It's not the EU's fault that Brit politicians are all afflicted with a terminal case of selective hearing.

 

As for Tusk's statements, rarely has there been a better example of "truth hurts". Good, you all badly needed to hear it. But have you all understood it yet?

Edited February 7, 2019 by L00b

[Top Cats Hat 10]

28 minutes ago, Shunter said:

He was pretty strong in labelling people as stupid 

Do you not agree that this is a fair description of those who orchestrated this mess without the first idea how it would pan out?

 

 

 

 

 

 

 

 

[geared 312]

21 minutes ago, L00b said:

As for Tusk's statements, rarely has there been a better example of "truth hurts". Good, you all badly needed to hear it. But have you all understood it yet?

It doesn't seem like it, more a case of "Well we voted for it so thats what we will get"

[retep 68]

O dear, not going too well in the EU is it, Microleon doesn't seem pleased,

 

France recalls Rome ambassador after worst verbal onslaught 'since the war'

 

https://www.theguardian.com/world/2019/feb/07/france-italy-ambassador-macron-di-maio-salvini-second-world-war

 

[Top Cats Hat 10]

11 minutes ago, retep said:

O dear, not going too well in the EU is it, Microleon doesn't seem pleased,

 

France recalls Rome ambassador after worst verbal onslaught 'since the war'

 

https://www.theguardian.com/world/2019/feb/07/france-italy-ambassador-macron-di-maio-salvini-second-world-war

 

What has that got to do with the EU?

[retep 68]

4 minutes ago, Top Cats Hat said:

What has that got to do with the EU?

You may not know this, but they are both members, one of them led by a little member.

[SnailyBoy 10]

7 minutes ago, retep said:

You may not know this, but they are both members, one of them led by a little member.

https://en.wikipedia.org/wiki/Correlation_does_not_imply_causation

 

Hope that helps