RE: Pension2 Feb 2023 21:36
I have 1.14 million in my SIPP. I took you 25 percent tax free 18 months ago when reached life time limit 1073,100. I’m 61, I have no intention of paying 55 precent tax at 75.
I’m going to leave, looking at Cyprus (great tax system for expat retirees). Have a place in Spain but taxes to high.
With increase in dividend tax, cut in capital gains tax, pension LTL and Inheritance tax (non in Cvprus) I have decided to leave (once I have sold my business) and take my money to a country that wants people with money to move there.
I believe many people with money (who worked hard, paid tax all their lives) will do the same thing when they reach retirement.