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

[motorbiking]

£20K - £40K annually. That's some minimum wage.
Not available for those on minimum wage any way. How will they keep their job?
So we're looking at mainly retirees with 20K to £40k annual pension.
State pension is currently about £12k. (easily enough to sustain a pensioner in EU)
So a retiree would need an additional private pension of up to £28K annually.
You'd need a pension pot of around £500,000. You don't get that on a minimum wage.

Which is a good thing. We cannot complain about our neighbours net benefiters flooding our shores while sending ours to them.

 

[King Billy]

Which is a good thing. We cannot complain about our neighbours net benefiters flooding our shores while sending ours to them.

EU citizens came to UK to work prior to Brexit. They worked in vital industries. Therefore we benefited from their labour as much as, or more than they benefited from their wages.

I've yet to hear of an EU retiree retiring to UK. Retiring to elsewhere round the would, yes, absolutely.

 

[motorbiking]

EU citizens came to UK to work prior to Brexit. They worked in vital industries. Therefore we benefited from their labour as much as, or more than they benefited from their wages.

I've yet to hear of an EU retiree retiring to UK. Retiring to elsewhere round the would, yes, absolutely.

The general idea is to go somewhere warm, with plenty of space and lower costs/taxes.

Labour’s vision of Britain isn’t quite selling that.

 

[King Billy]

The general idea is to go somewhere warm, with plenty of space and lower costs/taxes.

Labour’s vision of Britain isn’t quite selling that.

Precisely. UK had the need for young workers and the EU were happy to provide them.
EU has the warm, spacious areas with lower costs taxes and UK threw it all away on an idiological fantasy.

 

[motorbiking]

Precisely. UK had the need for young workers and the EU were happy to provide them.
EU has the warm, spacious areas with lower costs taxes and UK threw it all away on an idiological fantasy.

£46k a year gross income is all you need.

 

[King Billy]

£46k a year gross income is all you need.

So based on my earlier analysis of needing a pension pot of about £500,000, the option of retiring abroad now means only 12% of pensioners have that opportunity.

Approximately 12% of UK retirement savers amass pension pots of over £500,000, according to pension wealth research.

Prior to Brexit 100% of pensioners had that opportunity.

 

[kingandy2nd]

Nobody is being ignorant. The fact remains most people can make it work. The idea that someone can just rock up in another country with a few quid/euros in their pocket as an economic migrant is why many wanted out.

Freedom of work, is great, free movement is nuts.

You quoted me when I was talking about FOM and that it was a shame that we have lost the ease of movement we once enjoyed.

You said there were plenty of ways to live, work abroad. Then you tried to make a point about visa.

Clearly visa have more friction than FOM.

I’ve called you out on it.

You’re entitled to your views on the merits, or otherwise, of FOM, but the fact is that FOM offered these opportunities to anyone with an EU passport…and the post Brexit we Brits do not have that.

 

[motorbiking]

So based on my earlier analysis of needing a pension pot of about £500,000, the option of retiring abroad now means only 12% of pensioners have that opportunity.

Prior to Brexit 100% of pensioners had that opportunity.

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

 

[noseall]

You’re entitled to your views on the merits, or otherwise, of FOM, but the fact is that FOM offered these opportunities to anyone with an EU passport…and the post Brexit we Brits do not have that.

Whaaa!
There must be millions of students grossing £46k per year, surely.

 

[motorbiking]

Whaaa!
There must be millions of students grossing £46k per year, surely.

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.

 

[motorbiking]

You’re entitled to your views on the merits, or otherwise, of FOM, but the fact is that FOM offered these opportunities to anyone with an EU passport…and the post Brexit we Brits do not have that.

I was a massive fan of membership until freedom to work became freedom to move.

 

[motorbiking]

So based on my earlier analysis of needing a pension pot of about £500,000, the option of retiring abroad now means only 12% of pensioners have that opportunity.

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

 

[ellal]

To be fair, that’s what I’d expect if someone from the EU wanted to retire to the U.K. Why should someone be allowed to retire to another country if they haven’t got sufficient income or savings, expect to be treated for free under their health service and don't want to comply with their tax and visa system? Of course Brits retiring abroad should comply with those rules. I’d go further and say they had to have a basic knowledge of the language within three years of moving there too.

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?

 

[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..