why is loss of freedom of movement in eu seen as a big deal

[noseall]

What about those starting out in life?

Do you think it's fair that the younger generations in the UK no longer enjoy the freedoms and life choices that you were entitled to?

And if you do think it's fair, then maybe you could tell us why?

Old gammons and Brexers despise the young. They want them to work longer. Retire later. Pay extortionate rent. Be priced out of the housing market. Have a world economy affected by war. Pay out of their own pocket for their uni education. Receive no gold plated pension. Have no freedom of movement. Have no frictionless trade with Europe. Low job security. Make seasonal work in Europe nigh on impossible for many.

 

[noseall]

You can retire, work and study

Those were the days..

 

[motorbiking]

Those were the days..

. A distant memory for those too daft to figure out how to make it work…. Keep digging holes ey boyo, this time next year you could be a millionaire.. probably not.

 

[motorbiking]

Old gammons and Brexers despise the young. They want them to work longer. Retire later. Pay extortionate rent. Be priced out of the housing market. Have a world economy affected by war. Pay out of their own pocket for their uni education. Receive no gold plated pension. Have no freedom of movement. Have no frictionless trade with Europe. Low job security. Make seasonal work in Europe nigh on impossible for many.

It’s a funny thing.. paying your own way.

 

[noseall]

Keep digging holes ey boyo, this time next year you could be a millionaire.. probably not.

Righto Rodney.

 

[noseall]

It’s a funny thing.. paying your own way.

Agree. Imagine the young demanding what the old duffers were gifted instead of this...

work longer. Retire later. Pay extortionate rent. Be priced out of the housing market. Have a world economy affected by war. Pay out of their own pocket for their uni education. Receive no gold plated pension. Have no freedom of movement. Have no frictionless trade with Europe. Low job security. Make seasonal work in Europe nigh on impossible for many.

The old brexer gammon duffers don't want the young to enjoy the privileges that they were gifted.

 

[King Billy]

If you are going the FIP route. It’s just £36k.
Take off your state pension and that’s £24k.

Greece is £42k
Experts recommend a passive income of £32k to £45k to retire to France.
Spain requires about £36k per year.

The pension pot required doesn't change that much from earlier figures.

To generate an annual income of £18,000 from investments, you would typically need a portfolio between £450,000 and £600,000.

So your options still only apply to about 12% of UK pensioners.

Don't forget you need to prove your medical insurance is applicable.

Non-EU expats typically pay €60–€250+/month for comprehensive private policies to secure visas

 

[King Billy]

You’re getting quite confused aren’t you.

You can retire, work and study. Each has different requirements.

Retire state pension + 2k a month
Work. 45k.
Study. 6k + an acceptance letter.

Hardly a millionaires club.

It isn't that simple:
Retire state pension + 2k a month - They still need a pension pot of nearly £500,000 So post Brexit only applies to 12% of UK retirees.

Work. 45k. - need a definite job offer. So will need to speak the lingo, and have the required skillset. So very specific to the individual.
There was no such restrictions pre Brexit.

Study. 6k + an acceptance letter. plus health insurance and proven accommodation. And must pay international student teaching fees.
Easily available in all students reach.

 

[motorbiking]

Greece is £42k
Experts recommend a passive income of £32k to £45k to retire to France.
Spain requires about £36k per year.

The pension pot required doesn't change that much from earlier figures.

So your options still only apply to about 12% of UK pensioners.

Don't forget you need to prove your medical insurance is applicable.

It isn't that simple:
Retire state pension + 2k a month - They still need a pension pot of nearly £500,000 So post Brexit only applies to 12% of UK retirees.

Work. 45k. - need a definite job offer. So will need to speak the lingo, and have the required skillset. So very specific to the individual.
There was no such restrictions pre Brexit.

Study. 6k + an acceptance letter. plus health insurance and proven accommodation. And must pay international student teaching fees.
Easily available in all students reach.

So you actually need more to live than the minimum requirement. Hardly a barrier then. You are also ignoring what evidence is required not what pension is required.

Brexit isn’t stopping you from retiring in the sun, your failure to plan is.

 

[King Billy]

You might want to check your sums.

You need to show investment income of £24k going back several years. £200k in VWRL with a CAGR of ~12%. Gets you there.

That’s with zero savings

The dividend yield from such a fund is only 1.5 - 2%. So you need a pot of about £1,500,000 to rely on dividends alone.

The growth rate of such a fund is about 10 - 11%. Starting with £200,000. they would have to start about 10 years before retirement, with no withdrawals to reach the required pot to generate £2,000 per month.

 

[King Billy]

Brexit isn’t stopping you from retiring in the sun, your failure to plan is.

The planning to retire abroad would have to start when they're in their 40's.
No such forward planning was required pre Brexit.

 

[motorbiking]

The dividend yield from such a fund is only 1.5 - 2%. So you need a pot of about £1,500,000 to rely on dividends alone.

The growth rate of such a fund is about 10 - 11%. Starting with £200,000. they would have to start about 10 years before retirement, with no withdrawals to reach the required pot to generate £2,000 per month.

You’re just showing this isn’t something you understand. Go back to my post you will see I stated CAGR. Then look at the exam question you need to show income of X from a passive source.

If a stock has grown 80% in 5 years. You pass the exam question with about 200k. Ish

 

[motorbiking]

The planning to retire abroad would have to start when they're in their 40's.
No such forward planning was required pre Brexit.

They simply couldn’t afford to retire anywhere