As the UK faces growing political and economic uncertainty, many British retirees are asking the same question: Could my pension be next in line for higher taxes? With talk of pensions being included in inheritance tax — potentially facing up to 40% — it’s no surprise that more Britons are exploring life (and financial relief) abroad.
Cyprus Tax
I moved to Cyprus because of the weather. Yes, there were other reasons that influenced my decision but in the back of my head, the idea of enjoying life without extreme, harsh winters gave me a great feeling. No longer scraping the snow off of the windscreens of my vehicles and jumping the battery that would not turn the engine over in the below zero temperatures. Since being here ( this is my third...