FAO people who have emmigrated

mjt · 22 Jun 2010 at 23:11

jas72 said:
i'm paying 13% of my salary (forced) into a public pension fund which I can only dream will pay out... depending on the whims of the MEPs in charge at the time might as well put 350 euro on the lottery each week works out the same cept I don't have a choice.

The private pension schemes over here as in the UK are based on income tax deductions but since I don't pay national income tax they are more or less useless for me....

Why don't you pay income tax?

I don't even get a pension scheme. The joys of being self-employed in Belgium I suppose

britboy4321 · 23 Jun 2010 at 00:30

[FnG]magnolia;16805875 said:
The winking smiley doesn't stop this from being an asinine comment.

Most of the ex-pats I know have kept a public/private pension scheme in the UK, started a public/private scheme here, as well as the normal investments, savings etc. It's no different.

Yes it is, because tonight when they go out for a beer they'll give the £3 to a foreign business, who will probably spend it on foreign goods, rather than a British business, who would probably spend it on British goods.

Simples!

[FnG]magnolia · 23 Jun 2010 at 00:35

britboy4321 said:
Yes it is, because tonight when they go out for a beer they'll give the £3 to a foreign business, who will probably spend it on foreign goods, rather than a British business, who would probably spend it on British goods.

Simples!

Really, that's all you've got? Don't emigrate because that's unpatriotic - British pounds for British business!

Seriously?

bigjonnyauk · 23 Jun 2010 at 00:46

britboy4321 said:
Yes it is, because tonight when they go out for a beer they'll give the £3 to a foreign business, who will probably spend it on foreign goods, rather than a British business, who would probably spend it on British goods.

Simples!

not likely lol my mate is a landlord and is british with mainly britsh customers but when he gets all his stock british comapnies are to expensive and profit margins low

so he gets his stuff from a company in spain which delivers once a week all over the uk

britboy4321 · 23 Jun 2010 at 00:47

[FnG]magnolia;16806981 said:
Really, that's all you've got? Don't emigrate because that's unpatriotic - British pounds for British business!

Seriously?

You said

'Most of the ex-pats I know have kept a public/private pension scheme in the UK, started a public/private scheme here, as well as the normal investments, savings etc. It's no different.'

Just proving you wrong, that's all. Spending your money in Spain is not as good for British business as spending your money within British business. You suggested it is not different. Clearly you are .. ahem .. mistaken. It is clearly different. :/

Rich_L · 23 Jun 2010 at 00:47

401(k) \o/

canman · 23 Jun 2010 at 01:01

britboy4321 said:
You said

'Most of the ex-pats I know have kept a public/private pension scheme in the UK, started a public/private scheme here, as well as the normal investments, savings etc. It's no different.'

Just proving you wrong, that's all. Spending your money in Spain is not as good for British business as spending your money within British business. You suggested it is not different. Clearly you are .. ahem .. mistaken. It is clearly different. :/

many expats spend their money in british estabished business in spain, i.e iceland (the shop) and it is actually packed with spanish people as well.

[FnG]magnolia · 23 Jun 2010 at 01:11

britboy4321 said:
You said

'Most of the ex-pats I know have kept a public/private pension scheme in the UK, started a public/private scheme here, as well as the normal investments, savings etc. It's no different.'

Just proving you wrong, that's all. Spending your money in Spain is not as good for British business as spending your money within British business. You suggested it is not different. Clearly you are .. ahem .. mistaken. It is clearly different. :/

You have a very blinkered and inaccurate world view.

Incidentally, I was talking about saving money, not spending it; the thread is about retirement plans. You did read the thread, right?

britboy4321 · 23 Jun 2010 at 01:20

[FnG]magnolia;16807075 said:
You have a very blinkered and inaccurate world view.

Incidentally, I was talking about saving money, not spending it; the thread is about retirement plans. You did read the thread, right?

If you start a savings investment abroad rather than England, it is likely a larger percentage of that fund will be invested in non-UK companies rather than UK companies.

This will make UK companies struggle more as they have less money to invest and will struggle more to grow.

This will hurt England. As in, me. And the guy who lives next door to me. In fact some UK people will be laid off because the company now does not have enough money to keep them on. So THEY won't have any money to spend on other British businesses, so THOSE British businesses won't have as much money to spend .. ad nauseum ..

In many other countries, especially America and Japan, they try and protect their countries - to support them. In England it seems to be 'screw my country and the greater good, I'm in it for number #1'. Just a pity, that's all .. I'm all up for free markets - but just dragging all the money away from the UK after the UK's opportunities/education made it POSSIBLE to get the money in the first place (and 'abroad' did precisely NOTHING for the money) - well, just doesn't seem like cricket to me ..

[FnG]magnolia · 23 Jun 2010 at 01:28

britboy4321 said:
<snip>This will hurt England. As in, me. </snip>

Ah, I see. Those who emigrate are being selfish because it will hurt you.

No further questions.

DampCat · 23 Jun 2010 at 07:45

Obvious troll is obvious. Time and time again.

drizzy · 23 Jun 2010 at 09:43

britboy4321 said:
If you start a savings investment abroad rather than England, it is likely a larger percentage of that fund will be invested in non-UK companies rather than UK companies.

This will make UK companies struggle more as they have less money to invest and will struggle more to grow.

This will hurt England. As in, me. And the guy who lives next door to me. In fact some UK people will be laid off because the company now does not have enough money to keep them on. So THEY won't have any money to spend on other British businesses, so THOSE British businesses won't have as much money to spend .. ad nauseum ..

Your theory seems to be, more people = more money for me? What about people who immigrate to the UK, more money for you? Wouldn't these people balance out the poms who go abroad and have a pension fund there?

Bloody emmigrants, going there, stealing our wealth (?)

cm1179 · 23 Jun 2010 at 11:14

britboy, i wasn't asking what you are getting at. i wanted to know what expats will do when they are no longer getting an income

regulus · 23 Jun 2010 at 11:38

[FnG]magnolia;16807103 said:
Ah, I see. Those who emigrate are being selfish because it will hurt you.

No further questions.

Yup. We're all required to see out our lives on this muddy little island because it would hurt the factory workers of the grey north.

I wonder if we're being 'unpatriotic' if we spend money whilst on foreign holidays. I mean, coulda spennt on Brritish bizness innit guv?

DampCat · 23 Jun 2010 at 11:53

You have foreign holidays? You should be spending them at Grimbsy and Clacton.

britboy4321 · 23 Jun 2010 at 12:19

drizzy said:
Your theory seems to be, more people = more money for me? What about people who immigrate to the UK, more money for you? Wouldn't these people balance out the poms who go abroad and have a pension fund there?

Bloody emmigrants, going there, stealing our wealth (?)

Indeed immigrants do balance it out somewhat. Normally they get a complete education from abroad or pay for it here (so 100% free to us), then come over and work here for super-duper cheap, paying their taxes and earning money for the country.

And of course we all end up with cheaper goods and a higher standard of life, better services etc.

But don't tell the Daily Mail readers that

apatia77 · 23 Jun 2010 at 12:42

britboy4321 said:
Indeed immigrants do balance it out somewhat. Normally they get a complete education from abroad or pay for it here (so 100% free to us), then come over and work here for super-duper cheap, paying their taxes and earning money for the country.

And of course we all end up with cheaper goods and a higher standard of life, better services etc.

But don't tell the Daily Mail readers that

This is exactly what many people don't see.

cm1179 · 23 Jun 2010 at 13:09

good point. without the immigrants, is it fair to say the uk could kiss goddbye to the state pension?

6thElement · 23 Jun 2010 at 13:45

Work in Walmart as the door greeter old dude.

jas72 · 23 Jun 2010 at 19:56

mjt said:
Why don't you pay income tax?

I don't even get a pension scheme. The joys of being self-employed in Belgium I suppose

I work for the EU my income tax is paid back to EU member states not one single territory.

It starts at 8% and goes up to 40%. (There is no amount which is tax free unlike the UK) However there are no private pension schemes out there that really work for me due to the fact that Belgian pension payments are tax deductable so are created in such a way as to benefit those that pay Belgian taxes.