Peter
@Peter Ty
English looking for information about Cyprus
Forum posts
42
About me
English
Speaks English
Registration: 16 August 2024
Activity
Revolut Account by stevebillo1
Can anyone tell me if I can keep my Revolut account that was opened in the UK if I move to Cyprus, I have seen some reports that say I can, and others say I would have to close the UK Rev account and then open a new one in Cyprus?Cheers
@Toon Yes, I was aware that HSBC allow this (although I understand that they might try to persuade you to switch to an "offshore" account - but the income and/or savings requirements for that are quite high!)Nationwide have also informed me that ... Read More
Revolut Account by stevebillo1
Can anyone tell me if I can keep my Revolut account that was opened in the UK if I move to Cyprus, I have seen some reports that say I can, and others say I would have to close the UK Rev account and then open a new one in Cyprus?Cheers
@stevebillo1 Yes, if/when you become tax resident in Cyprus then you should change your account; the European Revolut bank (registered in Lithuania) is a separate legal "entity" from the UK registered bank. Having said that, it is a fact that many ... Read More
Update--Paphos time!! We've started the process to move to Tala by londondoc
We spent some time in Paphos in February this year. In the main, it was fabulous - mesmeric, in fact. As I wrote earlier, unfortunately at the time, we got in to the clutches of an overzealous realtor and that blotted the copybook somewhat. But as ...
@telf Yep, that's a good rate, I'm currently being offered 1.1912 from Wise or 1.1889 from Revolut. Read More
Update--Paphos time!! We've started the process to move to Tala by londondoc
We spent some time in Paphos in February this year. In the main, it was fabulous - mesmeric, in fact. As I wrote earlier, unfortunately at the time, we got in to the clutches of an overzealous realtor and that blotted the copybook somewhat. But as ...
If you don't already, it might be worth subscribing to the Tala community newsletter to keep up with what's on in Tala and Paphos:https://follow.it/mail/newspaper/iIUwQX 鈥� ZMehmtHS8- Read More
Uk and Cyprus tax advisor by Neptune3
Hello.Does anybody have a recommendation for a tax advisor who is knowledgeable about both the UK and Cyprus tax systems?It would be good to have one person who can help us convert from UK to Cyprus tax systems for our pensions and also help on tax ...
@Neptune3 Sam Orgill at ProAct Partnershiphttps://proactpartnership.com/. 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 There is a difference between "habitual" residence (where you normally live) and tax residence, they're not necessarily the same! While you can visit the UK for up to 90 days without becoming resident for immigration purposes, the rules ... 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 ...
@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