Could living abroad be achieved financially?

Friend told me today her sisters state pension has dropped dramatically in Spain due to Brexit , seems she is really struggling , she’s lived out there for years .

If she were that dependent upon exchange rates maybe it wasn’t such a good idea?

The exchange rate has fluctuated for years.

2013/14 was very similar to what it is today, the difference being pence on a state pension.

If you compare today’s rate with the recent highest(2015/16)
The difference on say £100 is about 26 Euros(£18).

I dunno Tpin my friends who live in Spain say they are €400 euros worse off on their (joint )pensions .
I can’t think what people will do if they come back to the uk if they cant survive in Spain .

I was questioning living abroad when dependent upon a State Pension…not PPs.

If you are so dependent upon exchange rates to sustain a basic standard of living it’s a bit of a gamble.

Hi

Living abroad is much better than living here in the UK, Uncle Joe says so.

Just move to a Communist Country.

Better housing, pensions, healthcare and everything else.:lol::lol:

That’s why he’s still here :slight_smile:

I have lived in America the last two decades and had great adventures, but you have to remember England is a mature country which provides housing, benefits, health care. Nothing like that here, I’m disabled now but fortunately can still work, but if I wanted to claim benefits here I would have to hire a lawyer.

Honestly I think emigrating is for when we are young and looking for interesting experiences!

Oh dear! You’ve done it now!

Britain! The Scots, Welsh and Northern Irish will be after your blood! :shock: :lol:

My friends say they are now 700 euros down a month but they love spain and will never leave anyway its much cheaper to live there,

Wait until they require medical treatment, No National Health Service abroad

There is…Spain for instance…Brits have enjoyed a fantastic health service that they don’t pay for out of their own pocket…the UK picks up the bill.

Judging by the number of Pommie pensioners living in Thailand then it is definitely possible. They seem to outnumber every other western resident. (no stats just observational/anecdotal evidence)

The short answer is yes. It is quite easy.
The longer answer is: Where ? What kind of life-style do you need ?
I have done it and quite cheaply. Let’s say you have a pension of $900 USD /month or 770 Euros then you can easily move abroad, permanently.
As to where is more difficult to answer. If you need to live on the French or Italian Riviera then you darn sure better be packing a fat wallet. But if you like the idea of living in Central America (Costa Rica for example) or in S.E Asia (Thailand or The Philippines) then you not only can afford it, you can live extremely well. I, personally, have lived in The Philippines for 7years and in Mexico for 6 years. Large apartments go for about $160 USD/mo in The Philippines and $200 USD/mo in Mexico. The cost of food in both places is quite cheap. Full cable with wifi also very, very cheap about another $20/mo. Water bills in both places is practically free. The wild card is the cost of electricity. In The Philippines, where will almost certainly need air conditioning monthly bills are about $100 USD. Mexico where you may or may not need A/C will run you about $15 USD/mo without A/C.
There are hundreds of thousands of expats living in The Philippines, mostly Brits, Aussies and Yanks, almost all of them over 65 yrs old.
If you are a single man, foot loose and fancy free, you will have to beat off beautiful women with a stick. Seriously. I know many old farts who have 25 year old GF’s. Other expats prefer to “play the field”. As a general rule, you provide her with: a nice place to live, food and oh, say $10-20/mo for clothes. And in return she will make your horny little fantasies come true, PROVIDED you treat her with kindness and respect. Caution if you are a jerk who gets his jollies by mistreating her then be aware, she WILL pay you back in spades and you will be lucky to escape with a plane ticket home and the clothes on your back. My STRONG
advice, be a gentleman.

Oh, I almost forgot. You will need about $3,000 USD seed money to set up your apt as furnished units are rare, plus expect to have a water heater installed (quite cheap) as that is considered a luxury in the P.I.

Oh the romance…and here was I thinking it was dead…when all along Thailand has it in abundance:lol:

The day I have to pay for it is the day I buy a velvet glove

I used to live in the Far East and I saw many times the most unproposing foreign men with young filipino /Thai girls .
The attraction for the girls is all in the pants , the pants pocket that is ,the one that holds the wallet .
They need a way out of the dreadful poverty of the Thailand /Phillipines
These men tend to be losers in many ways and when they take on a Filipino bride they take on the entire family and Filipino families can be extensive .
Thailand is the same .
Although there are happy partnerships the man is often estranged and isolated from his former friends and relatives .
Both countries are dangerous life is cheap there .
As Bakerman says you certainly don’t want to get on the wrong side of your new family
Having said that they are both warm and colourful countries .
If that is what you want .

I have to say that that is exactly the image I have of the Far East. Not for me, I’m sure.

Would be interested to know how she is getting her pension paid as there are ways if you are able, to get a better rate .

I knew two pommie pensioners who had to return to the UK a few years ago when the Aussie dollar became worth $US1.10 (currently around $US0.79).

They just could not live on the UK pension in this country with the Aussie dollar value so high. Unfortunately they could not get a permanent resident visa so would never be able to claim from our social security.

Things are better for such people now but the pound has also gone down as our dollar went back to a more historically average value so our dollar is still worth about 60p.

Ok all you BRITISH ex Pats , if you are still getting your pension from the U k , how are you getting it paid to you?

Pensioners who live in Australia Canada don’t I understand get the increases as do hose living in Europe .