Paphos People

Ok, now I hopefully have your attention, I need advice or recommendation in what direction to take.

I have recently been given early retirement on ill health grounds, but they generously backdated it to 2004 when I left their employ to come here. I am now a bit concerned as to what I should do now with regard to sorting all this out and whether I declare the whole lot, since I opted out of UK tax shortly after I moved here and actually received a rebate - I am unsure at this stage what has been paid in UK since no letter/explanation has been received yet.

Any guidance please for this blonde who hates finance (apart from spending it) in simple plain English please.

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"Your dog is your friend, your partner, your defender. You are his life, his love, his leader. He will be yours, faithful and true until the last beat of his heart. You owe it to him to be worthy of such devotion"

Go to see an accountant would be my advice ,
(a reputable one )

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REACH 1000`s of PAPHOS CUSTOMERS EVERY DAY FOR A FRACTION OF WHAT THE OTHERS CHARGE
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Whilst the optimist and the pessimist argued that the whisky glass was either half full
or half empty ? .
I drank it .....
The opportunist..

Recommendations on one that deals with pensions?

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"Your dog is your friend, your partner, your defender. You are his life, his love, his leader. He will be yours, faithful and true until the last beat of his heart. You owe it to him to be worthy of such devotion"

Just give it to me... simple your problem solved.

If you opted out of the UK system then you will have opted into the Cyprus system, therefore I would suggest that it should be declared as income. Not doing this may come back and bite you later.

Paphosfan Simon may come along soon, otherwise you can pm him.

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Straight talking, no Gimmicks.

Live your dreams.

Tanny give over, I am busy spending it - you got no chance, even Steve has begged me to stop spending No seriously, since I don't have a thing written down at the moment, suppose it won't hurt to wait until after my Thailand visit, I wouldn't like to get one over on the Cypriot system.

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"Your dog is your friend, your partner, your defender. You are his life, his love, his leader. He will be yours, faithful and true until the last beat of his heart. You owe it to him to be worthy of such devotion"

Trish, I would wait a while. I'm sure your Pension Company will write to you soon and give you all the details, of whats been paid to you, and stoppages if any. .........

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Molly

Treat others as you want to be treated

Depends what you are talking about.
Is it a lump sum from your pension?
If you have opted to take up to 25% from a private pension at retirement age, this is tax free. Your monthly pension is then based on the remainder.
Alternativly this MIGHT be your entire 'monthly' pension backdated till 2004!! There isn't enough information and I agree with Molly, wait a month and see if any paperwork come through. If not contact your pension company and ask for a breakdown.

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Dave
Moira And Dave

“I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.”

Dave, dont say that she WILL have a breakdown!!!! a nervous one..

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Straight talking, no Gimmicks.

Live your dreams.

No chance of a breakdown Tanny, too busy with finding things to buy.

It isn't the lump sum, already had that, this is monthly pension since July 2004. I had better keep all the paperwork up to date then when it is received.

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"Your dog is your friend, your partner, your defender. You are his life, his love, his leader. He will be yours, faithful and true until the last beat of his heart. You owe it to him to be worthy of such devotion"

Hi Candy
Call me before you go to an accountant.
There is not a charge to discuss you financial situation and give you options.

regards
Paphian4761

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White & Georgiou
Expatriate Services

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