LONDON MEDICAL & RESEARCH CENTRE
142-146 HARLEY STREET
LONDON W1G 7LD

WHY BUSINESS
WHY INVESTMENT

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Life expectancy is increasing
Pensionable age increasing
Actual value of pension decreasing
Overall tax burden increasing
Cost of living increasing
Increasingly difficult to educate children properly on current pay scales
Increasingly difficult to acquire decent home on current pay scales
There is fun in business & investment

Starting a small business
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When will Bank rate rise?
CEBR
Capital Economics
John Charcol
Q1 2016
Q1 2015
Q1 2014
Deutsche Bank Q4 2013
Item Club Q1 2013
Economic Perspectives
Q4 2012

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ESTABLISHED BUSINESS
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A.

B. OTHER
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UK
Germany
France
China
USA
India
Brazil
Russia
TOP STATUTORY RATES OF
PERSONAL INCOME TAX
0% 20% 40% 60%

MAIN CORPORATION TAX RATES
Russia
UK
China
Germany
India
Brazil
France
USA
0% 10% 20% 30% 40% 50%

Others
15%
Fine Arts
&
Collectibles
10%
Commercial
Property
45%
Equities
15%
Residential
Property 15%

£125,000
(1 ST TIME BUYER)
£250,000
£500,000
£1,000,000
1%
0%
3%
4%
5%

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 LOOK FOR A GAP IN THE OPEN MARKET PLACE
E.G. PORTABLE DEFIBRILLATOR
INTERNATIONAL NURSING HOMES
RETIREMENT ABROAD
SOLAR POWER

Business with little capital requirement:

USA – A pricey but popular retirement destination
Cost/Requirements of entry - EB-5 Immigrant
Investor visa requires £314,000 – £627,000.
Monthly living costs, food drink - £950 pm.
Bottle of wine £6. Meal out for two £25.
Average 2 bed house price - £115,000.
Average return air fare - £340.
Income tax rates – varies between states. No income tax and low property and sales taxes in eight states inc Florida.
Medical cover: £300-£500 pm. Dental £22-32 pm.
Reciprocal state pension: No

IRELAND – No language barrier and simple entry procedure
Cost/Requirements of entry – Nil. EU citizens have right of residence
Monthly living costs, food & drink - £1,500pm for reasonable standard of living. Bottle of wine £7.50.
Meal out for two £45.
Average 2-bed house price - £190,000.
Average return air fare - £40-75.
Income tax rates – Residents pay tax on their world-wide investments including pensions, both state and private.
Healthcare – The EHIC entitles you to free basic healthcare.
Reciprocal state pension: Yes

SPAIN The most popular destination, due to climate and living costs.
Cost/Requirements of entry – Nil. EU citizens have right of residence.
Monthly living costs, food & drink - £1,300pm. Bottle of wine £3.50. Meal out for two £35-40.
Average 2-bed house price £150,000.
Average return air fare - £70.
Income tax rates – Personal allowance of £2,200 – 3,400, above which tax is applied at 24-43%. Tax rates on an annuity 4-5%.
Healthcare - The EHIC entitles you to free basic healthcare
Reciprocal state pension: Yes

MALTA Low tax rates and year-round heat make this a top spot.
Cost/Requirements of entry – Nil. EU citizens have right of residence.
Monthly living costs, food & drink - £600pm. Bottle of wine £4. Meal out for two £30.
Average 2-bed house price - £180,000.
Average return air fare - £40 – 80.
Income tax rates – No tax on pension income from outside Malta. No inheritance, wealth, or annual property taxes.
Healthcare – The EHIC entitles you to free basic healthcare.
Reciprocal state pension: Yes

FRANCE – Most move to France for a better quality of life.
Cost/requirements of entry – Nil. EU citizens have right of residence.
Monthly living costs, food & drink - £1,500pm. Bottle of wine £5. Meal out for two £35.
Average 2-bed house price - £180,000.
Average return air fare – Paris £70, Nice £130.
Income tax rates – State, private or occupational pensions are taxable as are lump sum pension payments in excess of £5,100 (tax free in the UK.
Healthcare – The EHIC entitles you to free basic healthcare
Reciprocal state pension: Yes

Affordable living, low tax and tope weather. On the rise.
Cost/Requirements of entry – Nil. But plenty of red tape.
Monthly living costs, food & drink - £600pm. Bottle of wine £4. Meal out for two £22.
Average 2-bed house price - £120,000.
Average return air fare - £70.
Income tax rates- - pensions received from abroad are tax free.
Healthcare – Reciprocal agreement entitles pensioners to hospital, medical and dental treatment (excludes medicines).
Reciprocal state pension: No

TURKEY – Cheap living costs, dry climate and few entry barriers.
Cost/Requirements of entry – visa on arrival. Evidence of adequate (unspecified) retirement income.
Monthly living costs, food & drink - £1,000pm. Bottle of wine £6. Meal out for two £15-20.
Average 2-bed house price - £60,000 – 100,00 (most retirees rent).
Income tax rates – no tax on pension income.
Inheritance is 1% on the first £67,500, 3% n the next
£148,000.
Healthcare – private medical/dental insurance is necessary.
Reciprocal state pension: No

EGYPT – Affordable property and low tax rates. Good alternative.
Cost/requirements of entry – Foreign property owners can obtain a renewable 5-year residence permit.
Monthly living costs, food & drink - £400pm. Bottle of wine £7.
Meal out for two £18.
Average 2-bed house price - £60,000. Flat £20,000. (most retirees rent).
Average return air fare - £240.
Income tax rates – No capital gains tax, no inheritance tax.
Healthcare – Medical/dental services are cheap but private medical insurance should be taken out.
Reciprocal state pension: No

AUSTRALIA – Expensive but ever popular destination for Brits.
Cost/requirements of entry - £283,000-425,000 and income of £28,000 – 37,000 (by state).
Monthly living costs, food & drink - £2,500. Bottle of wine £5. Meal out for two £20-25.
Average 2-bed house price - £250,000.
Average return air fare - £600-700, city dependent.
Income tax rates – six-month window to transfer pension benefits without incurring any tax.
Healthcare – Reciprocal agreement entitles pensioners to emergency treatment.
Reciprocal state pension: No

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Rock bottom tax and low living costs. Great prospect.
Cost/Requirements of entry – Requires income of £2,000pm and about £70,000 in liquid assets.
Monthly living costs, food & drink - £1,000pm. Bottle of wine £6. Meal out for two £15-20.
Average 2-bed house price - £60,000-100,000 (most retirees rent).
Average return air fare - £500.
Income tax rates – No tax on income from outside Malaysia.
No inheritance nor capital gains tax.
Healthcare – Medical/dental services are cheap but visa immigrants are required to have medical insurance.
Reciprocal state pension: No

Japanese Household wealth, by age group Ytrn, 2008
Population, m
29 & Under (39m)
30-39 (19m)
40-49 (16m)
50-59 (19m)
60-69
70 & Over
0-100
5
200 300 400 500
(16m)
(19m)
30

BUSINESS/INVESTMENT IS A
CLASS A DRUG
BEWARE, KNOW WHEN TO
DRAW THE LINE!

If I have seen further than others
It is because I stood on the shoulder of giants!
Sir Isaac Newton