Enjoying Retirement
Discussion
mart 63 said:
You have to start the process from the UK, by getting in touch with the Spanish consulate. You have to get your paperwork stamped there, bank statements, pensions and other paperwork. It takes around 3 months. You need to have €32k combined for the 1st year, €82k for the 2nd and 3rd year, €82 for the 4th and 5th year. That is cash in the bank or income from the UK, or combined. After the 5 years you get your TIE. If you are found working in Spain within the 5 years, you get you visa taken off you.
Once you have your paperwork officially stamped, you start the process in Spain, either with a solicitor or a company who specialise in the process. My mate used a local company and they charged €150 each. He said solicitor's wanted around €1500 each. It gets completed within your 90 days in Spain.
Hmm.............I'd originally written the idea off post Brexit but it may now be back on the table. I'm out there most of July so time to start looking at properties again. Many thanksOnce you have your paperwork officially stamped, you start the process in Spain, either with a solicitor or a company who specialise in the process. My mate used a local company and they charged €150 each. He said solicitor's wanted around €1500 each. It gets completed within your 90 days in Spain.
Armitage.Shanks said:
Hmm.............I'd originally written the idea off post Brexit but it may now be back on the table. I'm out there most of July so time to start looking at properties again. Many thanks
From what I can see the Brexit issue was mainly that Brit‘s already in Spain didn‘t want to declare themselves resident and pay taxes. No one really checked on that when we were in the EU, so there were a lot living their technically illegally, but tolerated.Spain will gladly take your taxes if you aren‘t working and can sustain yourself (or if you go down the golden visa route, they‘re fine for you to work - you‘ve more than likely paid over €50k in stamp duty as the price of entry, so are unlikely to be taking work off a „normal“ Spaniard).
skeeterm5 said:
Yesterday we shifted 4 tons of gravel to finish the job of levelling and tidying up an area in front of one of the barns, and it now looks great.
Today I have been taking up the floor in the kitchen as part of the renovation of the house.
Enjoying retirement? Absolutely!!
And keeping yourself fit in the process so all round very rewarding . Today I have been taking up the floor in the kitchen as part of the renovation of the house.
Enjoying retirement? Absolutely!!
Just got home and filled in my daughter application for student loans as she’ll be off in September.
Another part of the jigsaw puzzle completed.
Also EA round today and gone away to come up with a number and a plan.
GT3Manthey said:
And keeping yourself fit in the process so all round very rewarding .
Just got home and filled in my daughter application for student loans as she’ll be off in September.
Another part of the jigsaw puzzle completed.
Also EA round today and gone away to come up with a number and a plan.
Fingers crossed that the EA comes back with something that you can work with.Just got home and filled in my daughter application for student loans as she’ll be off in September.
Another part of the jigsaw puzzle completed.
Also EA round today and gone away to come up with a number and a plan.
My last day was today! 52 and a half, so government meddling aside, I'll be able to access my private pension in a few years.
Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
m_cozzy said:
My last day was today! 52 and a half, so government meddling aside, I'll be able to access my private pension in a few years.
Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
Congrats - actually 52.5 is worth a double congrats - all seems well thought about too. Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
m_cozzy said:
My last day was today! 52 and a half, so government meddling aside, I'll be able to access my private pension in a few years.
Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
Welcome to the club, a whole new life awaits you. If you are anything like me you will find a lot of pleasure in the small things now that you have time to appreciate them.Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
For example, today I collected some logs from a farmer who chops them and stacked them into one of our barns. This is a far more satisfying task than it sounds.
Then a quick stroll down to the pond to find we have our first frogs spawn….very exciting.
Two things that I wouldn’t have had time for when working.
m_cozzy said:
My last day was today! 52 and a half, so government meddling aside, I'll be able to access my private pension in a few years.
Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
Congrats ….make sure you don’t get up for work tomorrow. Ask me how I know how embarrassing that is!Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
m_cozzy said:
My last day was today! 52 and a half, so government meddling aside, I'll be able to access my private pension in a few years.
Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
That’s amazing many congrats to you . Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
Was there a motivation or build up to the early retirement may I ask ?
skeeterm5 said:
Welcome to the club, a whole new life awaits you. If you are anything like me you will find a lot of pleasure in the small things now that you have time to appreciate them.
For example, today I collected some logs from a farmer who chops them and stacked them into one of our barns. This is a far more satisfying task than it sounds.
Then a quick stroll down to the pond to find we have our first frogs spawn….very exciting.
Two things that I wouldn’t have had time for when working.
I guess you get the frogs later up there?For example, today I collected some logs from a farmer who chops them and stacked them into one of our barns. This is a far more satisfying task than it sounds.
Then a quick stroll down to the pond to find we have our first frogs spawn….very exciting.
Two things that I wouldn’t have had time for when working.
Hundereds of the things hopping about at the moment. Sadly, they feel the need to get from lake to nearby river, the otherside of the road. Not busy, but a fair few dont make it! And the heron is having a feast!
m_cozzy said:
My last day was today! 52 and a half, so government meddling aside, I'll be able to access my private pension in a few years.
Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
Congratulations. Good work getting it done already.Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
Cheers all. 55 was the original plan. However the last few years showed me how little money I actually need and how much I value my freetime.
Another 2.5 years would have netted me another 140k or so in the pension, but I'm happy with my current pot.
I did request reduced hours a year ago but that was rejected. I've simply run out of motivation to continue a 40+ hour week career.
Another 2.5 years would have netted me another 140k or so in the pension, but I'm happy with my current pot.
I did request reduced hours a year ago but that was rejected. I've simply run out of motivation to continue a 40+ hour week career.
m_cozzy said:
Cheers all. 55 was the original plan. However the last few years showed me how little money I actually need and how much I value my freetime.
Another 2.5 years would have netted me another 140k or so in the pension, but I'm happy with my current pot.
I did request reduced hours a year ago but that was rejected. I've simply run out of motivation to continue a 40+ hour week career.
All good reasons to call it a day . Another 2.5 years would have netted me another 140k or so in the pension, but I'm happy with my current pot.
I did request reduced hours a year ago but that was rejected. I've simply run out of motivation to continue a 40+ hour week career.
Enjoy and keep us all posted
skeeterm5 said:
Welcome to the club, a whole new life awaits you. If you are anything like me you will find a lot of pleasure in the small things now that you have time to appreciate them.
For example, today I collected some logs from a farmer who chops them and stacked them into one of our barns. This is a far more satisfying task than it sounds.
Then a quick stroll down to the pond to find we have our first frogs spawn….very exciting.
Two things that I wouldn’t have had time for when working.
I salute your log stack - always give me a good feeling to see my log store neat like yours !For example, today I collected some logs from a farmer who chops them and stacked them into one of our barns. This is a far more satisfying task than it sounds.
Then a quick stroll down to the pond to find we have our first frogs spawn….very exciting.
Two things that I wouldn’t have had time for when working.
m_cozzy said:
Cheers all. 55 was the original plan. However the last few years showed me how little money I actually need and how much I value my freetime.
Another 2.5 years would have netted me another 140k or so in the pension, but I'm happy with my current pot.
I did request reduced hours a year ago but that was rejected. I've simply run out of motivation to continue a 40+ hour week career.
Congratulations. Great you've done it so early. Another 2.5 years would have netted me another 140k or so in the pension, but I'm happy with my current pot.
I did request reduced hours a year ago but that was rejected. I've simply run out of motivation to continue a 40+ hour week career.
Vaguely similar idea to me in that I worked out how much more I could put into my pot over 3/5/10 years and decided it wasn't worth it for me. Even at 30% of my wages as I could have ramped it up further given that I was still saving a fair bit each month anyway.
I had to get up early today, which was a shock, but it was worth it to get my shed Ka down for an early MOT ready to sell it if I buy it's replacement soon. Squeaked through with a little fix by the tester who cable tied a handbrake cable, but it's a PASS and I can do something a bit more permeant one day when we're not suffering from 'April showers'.
Just helped my son in law measure up our roof/loft for solar panels which he and his team are installing soon. Using a bit of man maths I reckon we'll be net zero cost for our electricity once installed given the amount we'll be selling back and our relatively low use and the number of panels we're having. Ignoring the initial cost of the installation, but it's come from some 'ringfenced' inheritance funds, so it feels like it hasn't cost anything. In reverse of the PH mantra of 'work harder to earn more' I'm working harder to save more on outgoings to leave me more for the things I'd rather spend on than bills.
Might go and have a look at a car tomorrow since I don't have any MOT repairs to have to worry about to get a pass now. Better than going at the weekend when the garages tend to be busier too.
m_cozzy said:
My last day was today! 52 and a half, so government meddling aside, I'll be able to access my private pension in a few years.
Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
Congratulations and I look forward to what enjoyable fun you can bring to this place.Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
m_cozzy said:
My last day was today! 52 and a half, so government meddling aside, I'll be able to access my private pension in a few years.
Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
Congratulations on your new-found freedom. I wish you all the best for a long and thoroughly enjoyable retirement. I'm about nine months in now and have never been busier with activities which I enjoy rather than those I was obligated to perform.Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
9xxNick said:
m_cozzy said:
My last day was today! 52 and a half, so government meddling aside, I'll be able to access my private pension in a few years.
Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
Congratulations on your new-found freedom. I wish you all the best for a long and thoroughly enjoyable retirement. I'm about nine months in now and have never been busier with activities which I enjoy rather than those I was obligated to perform.Savings and isa will easily tide me over till then.
My day to day outgoings are pretty low so I'm confident my calculations are correct, but I'll happily take a flexible day a week or so doing something, if I decide I need to.
The recent pension changes would have helped as this was the last year I could max my contributions utilizing the previous 3 years old unused, about 58k /year. Regardless it wouldn't have made a difference to my retirement plans.
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