Financials

Claiming your pension in Cyprus

24th November 2011 - 04:57
Claiming your pension while living in Cyprus is a straightforward matter. How you claim your pension depends on several factors, a key one being where you are living when you retire. The below outline and web-links should help as an initial guide. Moving to Cyprus while already claiming a UK pension If you are living in the UK, already in receipt of your state pension and planning to relocate to Cyprus you will still be able to receive your payments abroad. Your first  more...

Tax planning for a move to Cyprus

12th October 2011 - 03:10
There is no doubt about it; living in Cyprus brings amazing tax advantages. Did you know that if you reside or stay in Cyprus for 183 days a year, you will be considered tax resident? What’s more, unlike the UK where you are taxed after earning £6,745, you are entitled to earn up to €19,500 before you owe a penny to the Inland Revenue Department. For most people, that is a huge saving. And that’s not all. VAT is only 15 per cent. And if you fancy a beer,  more...

The Cost of Living in Cyprus

31st August 2011 - 03:47
Many expats living in Cyprus complain about the cost of living now – and a lot of these complaints are due to poor performance of the pound and bad exchange rates. A huge number of expats living there are retirees, and almost all have found their incomes dramatically reduced. A good currency company can be of enormous assistance in getting better exchange rates that your high street bank, so if this affects you perhaps you should check  more...

Financing a property in Cyprus

21st July 2011 - 04:22
You’ve found your dream home in Cyprus. But how are you going to finance it? Before you even step on the plane, you should have a very clear picture of exactly what you can spend and how you are going to purchase your dream home. Over the years Ben and Jenny Hudson travelled extensively abroad. However, it was while holidaying at a neighbour’s home overseas that it occurred to them to actually build their own home in Cyprus. “I had retired, and we  more...

Using a currency company to pay for your property in Cyprus

8th June 2011 - 04:06
The old adage states that ‘there’s no such thing as a free lunch.’ But is this always true – I think not. Because of the Internet and changing marketing practices there’s a treasure trove of valuable information available and most of it is free! Now, I don’t dispute the fact that there’s quite a bit of drivel, however, if you’re interested in gaining a greater understanding about almost anything, the Internet provides an incredible starting  more...