Peter Ty
English looking for information about Cyprus
Forum posts
36
About me
English
Registration: 16 August 2024
Activity
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to 鈧�20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
@Drambuie Nationwide also let you keep an account.And if Halifax do, then presumably (but not necessarily!) Bank of Scotland would too, since they're part of the same group. Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to 鈧�20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
In addition to all the points made by Toon, also bear in mind:1. If you tell your UK bank (or they find out) that you are Cyprus tax-resident, they may require you to close the account. Some do, some don't; check their terms and conditions! 2. Even ... Read More
Investment and moving to Cyprus by RW60
I am in the process of planning to retire to Cyprus in 3 years time. I have just returned from a fact finding trip and generally feel comfortable with most aspects of the move and besides which I have 3 years to get to fine tune and get to grips ...
There seems to be a lot of confusion about this! All "government" pensions, e.g. civil service, local government, NHS, Armed Forces, etc. will be liable to UK tax, but the State Pension, despite its name, is technically NOT a pension, it's a social ... Read More
Investment and moving to Cyprus by RW60
I am in the process of planning to retire to Cyprus in 3 years time. I have just returned from a fact finding trip and generally feel comfortable with most aspects of the move and besides which I have 3 years to get to fine tune and get to grips ...
@timhuntington As Toon says, if you're resident in Cyprus for more than 183 days per year (as presumably you are since you say that you spend "the majority" of the year in Cyprus) then you should automatically be Cyprus tax-resident.You would still ... Read More
Private Health Insurance by susangoldsworthy5
HI allWe will need to have health insurance, any recommendations please?As always thanking you in advance.
Status Insurance:Offices on Tombs of the Kings Road, opposite Kings Avenue Mall: +357 26 930317or in Peyia: +357 26 041317. Read More
Visa documents. Driving me mad! by susangoldsworthy5
Hi all, hope you don't mind me asking some simple questions on the visa. Just spent the last 90 minutes on the internet trying to find out the documentation needed. I actually know what I need, Criminal check, marriage licence, bank account ect the ...
I think that they'll only accept an ACRO police check document that's less then 6 months old, so don't apply for it too early - but still allow enough time to get it and get it apostilled! Read More
Visa documents. Driving me mad! by susangoldsworthy5
Hi all, hope you don't mind me asking some simple questions on the visa. Just spent the last 90 minutes on the internet trying to find out the documentation needed. I actually know what I need, Criminal check, marriage licence, bank account ect the ...
The reason why all documents have to be apostilled is that, no matter how "official" it may look, you can't expect foreign governments to know the difference between a genuine document and a good fake copy, whereas the apostille mark is ... Read More
Prudential pension in UK by lshill
My husband has a pru pension in the UK. They have told him he has to remove it by August this year. They don鈥檛 provide options but told us we had to pay an IFA to do this at a cost of 2%. Now the IFA is struggling because my husband ...
@lshill Does he mean that he wants to transfer it to an overseas pension? There used to be an option to transfer a UK pension into a QROPS (Qualifying Recognised Overseas Pension Scheme), but that now incurs a 25% charge because the exemption from ... Read More
Passport matter by burdenaly66
I'm fine over for 2 weeks in April, I have 3 months left on my passport when I get back to England, wizz air said ok to fly, but worried about Cyprus end will they except my passport?
It depends on whether that is "3 months left until 10 years from the issue date": that's not always the same as the expiry date!(If you renewed your passport you may have had the unexpired months from the old one added on to the new one, but many ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to 鈧�20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
@Gordon76 Toon is right:You can opt to either:a) Have the first 鈧�19,500 tax-free, and pay 20% on anything over that; ORb) Have 鈧�3,250 tax-free, and pay 5% on anything over that (for income from foreign pensions only).If you do the maths, ... Read More
UK bank Account Moving To Cyprus by Filmcritic
Making plans for future retirement, been searching online and reading different answers as to which UK banks allow you to reside abroad. Just looking for a standard A/C for my pensions to be paid into which i would then transfer to cyprus via my ...
@cydreaming HSBC might try to persuade you to switch to an "Expat" account (based on Jersey) - but I think there's a fairly high minimum income requirement for that account!https://www.expat.hsbc.com/international-banking/products/bank-account Read More
GESY requirements by kevinlewis2323
HelloOK I think I understand the GESY system Please correct me if I am wrong I need to wait until I am 66 and able to draw my uk pension then I can prove a benefit from uk to start the process for GESY.But why is it when I go to doctors or a chemist ...
If you are resident in Cyprus and registered with GESY, you should be able to get a Cyprus EHIC card which entitles you to NHS treatment when you visit the UK (just like a UK visitor to Cyprus can use a UK-issued EHIC or GHIC card in Cyprus). Read More
Investment and moving to Cyprus by RW60
I am in the process of planning to retire to Cyprus in 3 years time. I have just returned from a fact finding trip and generally feel comfortable with most aspects of the move and besides which I have 3 years to get to fine tune and get to grips ...
@whiteeddie As I understand it, if you are no longer tax-resident in the UK then you can keep any existing ISAs, and any dividends or interest or capital gains accruing will continue to be tax free, but you *can't* add any further funds to them, ... Read More
Electric companies by tgcgreens
Looking for recommendations for energy companies please ,just had notification of a connection date , Thankyou
AHK is the EAC. (AHK are their initials in Greek.(螒蟻蠂萎蟼 螚位蔚魏蟿蟻喂蟽渭慰蠉 螝蠉蟺蟻慰蠀.)I think what they may be getting at is that any new ... Read More
Electric companies by tgcgreens
Looking for recommendations for energy companies please ,just had notification of a connection date , Thankyou
EAC (Electricity Authority of Cyprus):https://www.eac.com.cy/EN/Pages/default.aspx Read More