If you are thinking of leaving the UK or have left, I’d love to hear your comments and stories. Where are you going or planning to go? Have you left already and what is your experience in another country?
In UK taxes are hitting 55% to 70% directly and indirectly no matter what we do to change our life. Just imagine you work hard you have someone taking away 60% plus away without adding anything to your life
There was an online calculator I found about 15 years ago which, taking into account the stealth taxes, showed over 80% of your income would end up in the governments pocket. And on top of 80% going to the government, year on year the money in our pocket is worth far less. _Quantative easing is just another stealth tax._
@@fredmercury1314 wow that doesn’t surprise me at all. According to national statistics report says that large majority of UK citizens don’t have £5K savings in their bank accounts for emergency. Unfortunately UK is poor country of western world
That doesn't apply to the rich. They have many ways to dodge taxes that the rest do not. If they dont pay their share they should be stripped of their assets & deported to Afghanistan.
I came across your channel through this video- case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've builta six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 10Ok to test the waters now that large cap stocks are at a discount
I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Martha Ann Hammerton, has been an amazing experience.
Same here!! Though I started with as low as $7,000 AUD actually because it was my first time and it was Successful., She is a great personality in Australia 🇦🇺
My window cleaner used to say: You shoot yourself in the foot, if you save any money in the UK.When I had to sign on, following a redundancy. I got quizzed about savings. Those who'd spent theirs at the pub every weekend, were sat there laughing at me.
There is a certain amount of truth in that. By having a little bit of savings you often disqualify yourself for benefits. Where is the person who has nothing gets everything from the state. That’s why a lot of our time window cleaners would only accept cash!
Oh my God. 'Stop talking the country down' Are you kidding? Today, it was announced that the debt to GDP ratio hit 100% again for the UK. Also, the country is experiencing the highest tax take since 1962. Where is all this tax and borrowing going? I'll tell you. Socialism and big government. There is zero insentive for anyone to excel in this regime. Why would you when there are more government hands ready to rip any financial gain you make out of your hands. Get real.
I’m not talk in the country down. I’m just delivering the facts as they are. I love this country, but this government is taking us down the wrong road as previous socialist governments have done so in the past. The UK is still a good place to start a business and build a career, but we do have our problems On the other hand, so do many other countries in Europe. It can’t be that bad if so many people want to come here?
I think about a million of normal people with low levels of money will leave as well ! Probably more I want out of this expensive country it’s a horrible place to live.
Which country are you in now? Frankly, the country will not suffer if people with no money leave the UK, but they will suffer if billions flow out of the country and high earners leave. High earners pay the most taxes. We can afford to lose manual workers, and even a few nurses or doctors, but if a country loses wealth, makers and business, men and women that employ people that is a problem. Businesses create the world that pays for the hospitals, schools, defence, and so on.
@@charleskellymoneytipspodca9121 They don't pay tax, hence why they are leaving, so that they can continue avoid paying. And before you say it, I hate Labour and the grifting free gear Keir.
@@charleskellymoneytipspodca9121 You cannot aford to loose any doctors , just look at state of nhs is in. There is no more great britian there is united emirate of britain. It is dump. We pay alot more for a lot less. Filthy streets, nothing is maintained anymore this whole country is barely standing on its feet. The ship is sinking. Britain is an illusion.
I’m Georgian in Lindon since 2014, crushed by Covid and almost finished off by tax rates. can always move to high growth developing Georgia but I trust UK and esp London will turn around sooner than later 😢
Thank you for coming and glad to hear it. Georgia is one of those countries that is often mentioned by people like Andrew Henderson, as a good place to relocate if you have money or a business. I’m not sure about the employment opportunities there. A lot of migrants, see the UK has a place to earn money rather than a place where they can get the same quality of life. They can get at home. That’s understandable.
Let me tell you why UK has no future 1. heavily relying on finance / entertainment while manufacturing capability shrinking to nil! 2. Brexit making UK way less competitive against other EU nations when trading 3. British talented adults leaving this crappy hole as they have better future elsewhere with more pay and better life (thanks to the salary stagnation since 2008, wiped out the future of one generation who born in the 80s to the 2000s); more lower skilled workers / illegal immigrants moving in leads to low productivity / not contributing enough 4. Investment going elsewhere due to Brexit but also thanks to the old British laws and regulations, leads to further reduction in productivities 5. Misfunctioning government doesn't have a long term plan setting out a clear course where the country should be heading to The rich only goes where it is safe for their wealth and with it, more investment, opportunities to where they go leads to prosperity.
I have lived in Singapore for 5 years now, people work non-stop and the longer and harder the work, the more pride they take in it, so UK is on a slippery slope right now, thanks to idiotic governments promoting laziness, aimlessness, dependency on state, uselessness. Look at the value of the pound to gold or the Chinese currency and now they are getting rid of people who create wealth, UK might soon be finished
@@blackola7559 you are right. People in Asia work much harder and longer hours. Service is better too. Pound and dollar has fallen in value against gold.
Multi millionaire here. Leaving next year to Malaysia. Reduce expenses. Excellent infrastructure, healthcare, international schools. Uk is unfortunately going towards 1 path only, downhill
I have been to Malaysia a few times, and it’s an excellent country. You can get residency there if you invest or buy a property There have been some corruption scandals. I don’t know about the banking system, but you could also keep your money in banks in Singapore which are very save the world has become a much smaller place and people are becoming more mobile.
That’s true. I guess people look at Asia all the developing world. There are European countries with lower tax rates such as Ireland. It depends on your profession and where you can find work or if you want to start a business somewhere Existing businesses are looking to relocate to lower tax regimes, such as, Ireland, Croatia, Hungary, or Dubai You need to make your own decisions based on your personal circumstances and needs.
Sunak and Boris have contributed a lot to this country. Certainly far more than most people? They also pay a lot of tax. Sunak’s wife volunteered to pay tax on NON UK income after envious left wing media pressure. Do you think the UK will benefit from wealthy people and entrepreneurs leaving the UK?
@@charleskellymoneytipspodca9121 its not the contribution, its the net contribution. Boris was involved with Ukraine continuing its hopeless war against Russia when Russia was open to the idea of negotiating for peace. This was at the early stages of the war. How many Ukrainian lives were lost. With the continuing war and supplying of arms to the front by Sunak during his administration which could now end in a possibility of nuclear war?? This is my opinion....and these people and their administration are completely mad and can only cause more misery if they are around.
When I grew up in the UK in the 1950's, people were so proud of being British, ever since I left for Australia in the early 1980's the UK has gone to the dogs, while Australia keeps on getting better, except for our dumb socialist politicians.
I’m looking to move in the next few years. I have already started the ball rolling so to speak. I will be moving to the Channel Islands or the Isle of Man as they are crown dependencies and are separate to the UK.
@@charleskellymoneytipspodca9121Dubai. We run several remote businesses (first one we started 15yrs ago) so we can live anywhere. Been working since I was 14. I'm in my 60s now. Had a really humiliating and degrading experience with the local council recently and theres no medical care for under the NHS so it's time for me go. The old UK will always be in my heart though.
I am between the UK and Dubai - UK is ‘home’ but that home is becoming a distant memory now, because what was home is ceasing to exist unfortunately. The UK isn’t what is used to be anymore, politically, socially etc … quality of like, wokism etc, not the UK that I grew up in. Time to leave and build memories elsewhere.
@@PsychicPisces that’s sad, but true nowadays.Interesting that you live in Dubai where there is no real long-term security of residency? I guess it’s because of work?
@@charleskellymoneytipspodca9121 I set up my own company here and got a residence visa. The inability to get citizenship here doesn’t bother me, you can apply for a golden visa here which lasts 10 years. Nothing in life is permanent, we will all die one day, and citizenship isn’t really a priority, as long as one can live and work, and have a good quality of life. Being a British citizen draws in more advantages outside the UK, at the moment, then it does being in the UK.
I am one of the Multi Millionaires that will leave and live in another country. The UK is done for as it is getting harder to create profitable investments here and oen assets that will be taxed heavily.
I was a young entrepreneur in software. The transition from a good work attitude of young employees to an exploitative mindset occurred in the early 1990s. The Blair govt exacerbated a developing situation by making it exceedingly difficult to fire incompetent staff. It takes 2 years to train software staff to a reasonable standard and to ascertain whether they are good enough. The productivity ratio from good: bad can be as high as 3:1 and the 'rights' given to employees meant that a significant number of low productivity / quality of work personnel were not weeded out. This was a great burden that demotivated everyone as the dead wood had to be carried. I got fed up and dold the business and swore never to put myself through it sgain. Result... One less successful hi-tech entrepreneur and many less high-value trained UK personnel. Every one of our trained staff ( even the worst ) achieved excellent positions in the industry due to the demanding environment that we created. No more.
The difference between good and bad is many, many times higher than 3:1, I would go so far as to say the difference can range from highly effective to terminaly disastrous.
Question. What happens when the Labour Party don’t get the taxes from the millionaires, billionaires once they have left the UK ? Plan B maybe ? Only problem there’s no plan B
I have had a bid accepted for a property in IOM today. I want to be in easy reach of the UK for family reasons and there are daily cheap flights to multiple UK towns. The top rate of income tax is 20%, capital gains is 0% and inheritance tax is 0% which is a way better deal than the UK is now and who knows what it will become in future.
@@charleskellymoneytipspodca9121 I will sell up everything in the UK as I don't want a continued relationship with HMRC. I already have foreign brokerage accounts. It's looks like Cornwall but with a very low crime rate.
Yes, taxes, laws & red tape are far too onerous in the UK, especially when what you get back from the State is so second rate and you see wasters sponging off the State. It certainly disincentivised me when I was thinking of starting a business, and later when thinking whether to continue work until official retirement age. When I went to HK & China the contrast couldn't be starker, with low taxes, no spongers, and a can-do attitude. It's only surprising that any businesses or rich people still base themselves in the UK. For now. It seems another disastrous 1970s style period is coming our way.
Switzerland is a beautiful place but you need to a lot of money to go there on an investor Visa. Not sure about Work Permits or entry requirements. The Swiss have a very high standard of living
@@charleskellymoneytipspodca9121 absolutely disgusting if they do this. It will be big signalling to outside world that UK is collapsing and economically destroyed. Majority of countries attract inward investment but UK is pushing outward investment or financial wealth
My Project is now on absolute hold, as the UK is not actually open to new tech although it says it is. l am looking to try and leave the UK too, which l am not happy about at all, l thought this was the place to be
Good luck with your move. I should say that there are investors who do invest in new tech in the UK, particularly in London. I’ve been to quite a few meetings were start up businesses pitch to investors and have raised millions. Even businesses from Europe, come to London to raise capital
Once I could see that the conservatives wouldn’t be re-elected a couple of years ago, I started looking around. The rhetoric from Labour was high taxes, anti landlords, anti business. Someone suggested Bulgaria, which I hadn’t thought of, but apart from Spain ( tax free period), Dubai ( low tax), there is the far East. Future considerations - Paying for health care isn’t a consideration, pensions aren’t great in the U.K. and will degrade. I pay a lot of tax and if it’s fair, I’m happy to do it. But it’s not fair and the money they receive is being squandered. Where to and when are the questions I’m asking myself now
@@charleskellymoneytipspodca9121 Thanks Charles, I’ll look for his site. I’ve heard about Serbia but will look at Italy and Croatia . Have not heard good things about Italy though.
I dont think RUclips likes us discussing about leaving the uk as it keeps deleting my posts. Im moving to Dubai. I run several laptop remote businesses so can live anywhere really.
It’s great that you can work from anywhere, and why not be somewhere in the Sun with low taxes. Not sure why your posts have been deleted as there are quite a few channels devoted to helping people relocate and leave countries like the UK? Could it be something you said within the post they don’t like? These kind of restrictions are computer-generated, so it could’ve been a particular word or phrase
@@charleskellymoneytipspodca9121 There was nothing in my posts (tried several times) that would have warranted a removal. Just simple replies. Never mind. Less is more lol
I have a recruitment business and all of my staff are employed offshore. As soon as my old dog passes, I'm leaving the UK (Portugal is top of the list at present)
I have heard Portugal isn't as good as it used to be and people are now leaving. I have been watching Henderson and other videos and it seems there are now better places to go in Europe, but to each his own.
let’s see what you say in a few years time. The last government had to cope with world events outside of their control, and they hadn’t quite cleaned up the mess left by the Gordon Brown government, and all the bailouts we had to do to keep the country afloat Labour will destroy all of the good work
Thanks for your comment. I think you still can build a business here, or make money, and there are many career opportunities, which is why people are migrating here. But things will get harder for the middle classes and higher taxpayers
Two years ago I told you that we are in a structural crisis of the market economy (not a recession) that will last for 8 years. The industry has been reducing steadily with 0.5% a month since the autumn of 2021. At the end the standard of living will have reduced two and a half times. Read Mikhail Khazin.
Wr left for IOM last year. Great tax regime, beautiful island, no frume, good schools,and co.munity wjo speak same language/cultural outlook. Boring fordome, but you can live there 6 mo ths and then go elsewhere. many wealthy hrre go to London/other capitals for.a bling fix!!!!
YES!!! that's exactly her name (Mrs Elizabeth Regina Nelsen) so many people have recommended highly about her and I'm just starting with her from Brisbane Australia🇦🇺
After I raised up to $255k trading with her I bought a new House and a car here in the states 🇺🇲🇺🇲 also paid for my son's surgery (Oscar). Glory to God shalom.
I’m a high net worth individual and I’ve done the living abroad thing pretty extensively. There are emotional costs to living abroad that millionaires (and the Swiss bank) don’t generally consider but ought to; things like culture shock (it never subsides), the discomfort of never being completely 100% at peace with the environment, never being ‘one of them’, constantly being overcharged because you’re a foreigner etc etc It all adds up. Glad to be back here, as many of these millionaires will be too once they’ve seen what I have.
@@charleskellymoneytipspodca9121 Thank you. Much of ‘the cost’ is a subconscious ‘burden’ which is difficult to articulate…. It’s similar to the sensation one gets on the first night in a new hotel on holiday I guess… bad mood until one acclimatises.. however far more protracted; without end. Great memories. Though glad it’s over. Best wishes
When it's budget has doubled relative to GDP since the 1990s, and average service levels have got worse, it's difficult not to conclude it's broken on some level. The ONS reports zero productivity growth in public services since the 1990s, whilst the private sector has improved by about 27%. It appears successive govts. have just thrown more & more money at it, without any reform to make the spending effective.
I don’t know about that particular case, but he still makes good videos. I’m not recommending this guy for his services. If you want to use someone like that, then you have to do your due diligence. I’m not using his service by the way. I do think he makes informative and intelligent videos
I’ve been there before, and it’s a great country. Great employment opportunities, if you have the right skills to fit in with their immigration system. Many nurses and doctors are live in the UK to work in Australia where they can earn more. The cost of living and housing is not cheap though.
This productivity argument is absolute rubbish. British people are hard working generally. Its the outsourcing of manufacturing because of the cost of doing it here that lowers our productivity and thats a choice because of regulations and energy costs mainly
I’m afraid you just don’t get it. Read my earlier reply and the title of this episode. We also try to keep comments civil here so refrain from using insults.
Thanks Charles for the report. We have had 27 years of bad Government from 8 PM's all WEF Davos members starting with Blair with a Globalist outlook and open boarders view. They and the majority of their fellow MP's share a similar view of a multi cultural society and seem to care nothing of British culture, history, citizens, or quality of life of ordinary working people. As a residential Landlord hit by Section 24 and earning £0 for the last 2years living off savings and still paying TAX, Two tier Kier and this Labour Government is the icing on the cake. I am working towards the exit door and plan to leave the UK within the next 3 years and only plan to come back for holidays to see family and freinds.
@@charleskellymoneytipspodca9121 I am not sure at the moment. I have property in Spain and have heard it is a better place to go than Portugal now, but I also like South East Asia. Thailand, Vietnam, Philippines, Malaysia etc and may well become a nomad for several years. I have always liked the idea of travelling and seeing the world so this could be the perfect opportunity whilst I still have my health.
It’s sad that the governments keep messing things up for business. It takes away the incentive to go out and create wealth and jobs. Good luck with your travels!
Thanks for your comment. Yes, a few millionaires leaving will not bring the country down, but it’s a general trend that I’m worried about. There are also less millionaires being made here, according to the UBS report. It’s the overall net loss of millionaires and billionaires that is worrying because they pay the most tax
@@charleskellymoneytipspodca9121 not really. We have many also coming. Buying prime real estate in London from China, US, middle east etc and getting citizenship. Many are global citizens with UK citizenship so plonk their assets here.
I’m sorry, but that’s simply not true. Millionaires and the highflyers pay the most tax in the UK. In my experience, they also do a lot of work for charity and help others. Low wage earners, hardly pay any tax and also qualify for benefits.
@@fumanchu9701 which part of my statement is misleading? You state yourself that they do pay the most tax. High earners pay up to 45p in the pound in tax low earners, pay zero tax on the first £12,750 per annum.
@@charleskellymoneytipspodca9121 if a billionaire pays 1% tax then they would have paid more than most people. But I’m sure you’re smart enough to know that 1% isn’t a proportionate amount.
@@fumanchu9701even if that one billionaire paid 10% it will not go very far the nhs budget runs into the billions every year remember the government does not make enough money from taxes to cover its bills it has to borrow nearly every month from the international markets to balance the books Sounds just like average joe to me?? we are on the world stage not everyone has realised, you owe ur place of birth even ur ancestry place of birth absolutely nothing!!!!!!! Remember when lizz trust/kwasi kwarteng tried to do as they please international market INSTANTLY!!!!!!! demanded a higher interest to lend the u.k government money how long did it take for mortgage rates to spike🤔🤔🤔 so therefore British government have to be seen and heard they are earning more tax money, so they can borrow at a cheaper rate. you do not want to be in this country if the uk government ever has to go to the imf/World bank gang for money they would make Conservative austerity seem absolutely generous!!!!
@@jonh7054 Its quitting. Quitters make excuses. Mate if you lived in a real third world country you would have cause to complain. Granted things are not good there again a 100 years ago our ancestors struggled to feed themselves. Most stayed here and that may be the reason you are here. The Duke of Wellington said 'NOTHING IS EVER AS BAD OR AS GOOD AS IT SEEMS'.
I don’t know about that particular case, but he still makes good videos. I’m not recommending this guy for his services. If you want to use someone like that, then you have to do your due diligence. I’m not using his service by the way. I do think he makes informative and intelligent videos
If you are thinking of leaving the UK or have left, I’d love to hear your comments and stories. Where are you going or planning to go? Have you left already and what is your experience in another country?
In UK taxes are hitting 55% to 70% directly and indirectly no matter what we do to change our life. Just imagine you work hard you have someone taking away 60% plus away without adding anything to your life
You’re right!
There was an online calculator I found about 15 years ago which, taking into account the stealth taxes, showed over 80% of your income would end up in the governments pocket.
And on top of 80% going to the government, year on year the money in our pocket is worth far less. _Quantative easing is just another stealth tax._
@@fredmercury1314 wow that doesn’t surprise me at all. According to national statistics report says that large majority of UK citizens don’t have £5K savings in their bank accounts for emergency. Unfortunately UK is poor country of western world
That doesn't apply to the rich. They have many ways to dodge taxes that the rest do not. If they dont pay their share they should be stripped of their assets & deported to Afghanistan.
I came across your channel through this video-
case studies are incredibly valuable, and I'm eager
to see more in the future! Building wealth involves
establishing routines, like consistently setting aside
funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is
to spread out your investments. By putting
your money into different asset classes like
bonds, real estate, and stocks from other
countries, you can lower the risk if one part of
the market goes bad.
That sounds like a good plan. In the past two
years, working closely with a financial market
specialist, I've builta six-figure diversified
stock portfolio. Now, I aim to diversify even
more this year.
Talking about a financial market specialist, do
you consider anyone worthy of
recommendations? I have about 10Ok to test
the waters now that large cap stocks are at a
discount
I operate a wide- range of Investments
with help from My Financial Adviser. My advice
is to get a professional who will help you, plan
and enhance your management skills. For the
record, working with Martha Ann Hammerton,
has been an amazing experience.
Same here!! Though I started with as low as $7,000 AUD
actually because it was my first time and it
was Successful., She is a great personality in
Australia 🇦🇺
My window cleaner used to say: You shoot yourself in the foot, if you save any money in the UK.When I had to sign on, following a redundancy. I got quizzed about savings. Those who'd spent theirs at the pub every weekend, were sat there laughing at me.
There is a certain amount of truth in that. By having a little bit of savings you often disqualify yourself for benefits. Where is the person who has nothing gets everything from the state.
That’s why a lot of our time window cleaners would only accept cash!
@@charleskellymoneytipspodca9121 There's a lot of truth in that.
Oh my God. 'Stop talking the country down' Are you kidding? Today, it was announced that the debt to GDP ratio hit 100% again for the UK. Also, the country is experiencing the highest tax take since 1962. Where is all this tax and borrowing going? I'll tell you. Socialism and big government. There is zero insentive for anyone to excel in this regime. Why would you when there are more government hands ready to rip any financial gain you make out of your hands. Get real.
I’m not talk in the country down. I’m just delivering the facts as they are. I love this country, but this government is taking us down the wrong road as previous socialist governments have done so in the past.
The UK is still a good place to start a business and build a career, but we do have our problems
On the other hand, so do many other countries in Europe.
It can’t be that bad if so many people want to come here?
@@charleskellymoneytipspodca9121 And the tories manifestly took us down the right path?!! Wally
The Tories and Labs are the same party, gosh it takes a lot for some folks to wake up@@chriswrighton5162
i did much better after leaving in 2014. it was holding me back.
Even many non millionaires will leave.
Where to?
Asia, africa, South america
True.
I think about a million of normal people with low levels of money will leave as well ! Probably more I want out of this expensive country it’s a horrible place to live.
Which country are you in now?
Frankly, the country will not suffer if people with no money leave the UK, but they will suffer if billions flow out of the country and high earners leave. High earners pay the most taxes. We can afford to lose manual workers, and even a few nurses or doctors, but if a country loses wealth, makers and business, men and women that employ people that is a problem. Businesses create the world that pays for the hospitals, schools, defence, and so on.
@@charleskellymoneytipspodca9121 They don't pay tax, hence why they are leaving, so that they can continue avoid paying. And before you say it, I hate Labour and the grifting free gear Keir.
@@charleskellymoneytipspodca9121
You cannot aford to loose any doctors , just look at state of nhs is in. There is no more great britian there is united emirate of britain. It is dump. We pay alot more for a lot less. Filthy streets, nothing is maintained anymore this whole country is barely standing on its feet.
The ship is sinking. Britain is an illusion.
I’m Georgian in Lindon since 2014, crushed by Covid and almost finished off by tax rates. can always move to high growth developing Georgia but I trust UK and esp London will turn around sooner than later 😢
Thank you for coming and glad to hear it. Georgia is one of those countries that is often mentioned by people like Andrew Henderson, as a good place to relocate if you have money or a business. I’m not sure about the employment opportunities there.
A lot of migrants, see the UK has a place to earn money rather than a place where they can get the same quality of life. They can get at home. That’s understandable.
My money is leaving the UK, the full Twenty Quid. 😂
Ha ha! Where are you going to put it, Dubai, Cayman Islands?
Let me tell you why UK has no future
1. heavily relying on finance / entertainment while manufacturing capability shrinking to nil!
2. Brexit making UK way less competitive against other EU nations when trading
3. British talented adults leaving this crappy hole as they have better future elsewhere with more pay and better life (thanks to the salary stagnation since 2008, wiped out the future of one generation who born in the 80s to the 2000s); more lower skilled workers / illegal immigrants moving in leads to low productivity / not contributing enough
4. Investment going elsewhere due to Brexit but also thanks to the old British laws and regulations, leads to further reduction in productivities
5. Misfunctioning government doesn't have a long term plan setting out a clear course where the country should be heading to
The rich only goes where it is safe for their wealth and with it, more investment, opportunities to where they go leads to prosperity.
Thanks for your comment.
I have lived in Singapore for 5 years now, people work non-stop and the longer and harder the work, the more pride they take in it, so UK is on a slippery slope right now, thanks to idiotic governments promoting laziness, aimlessness, dependency on state, uselessness. Look at the value of the pound to gold or the Chinese currency and now they are getting rid of people who create wealth, UK might soon be finished
@@blackola7559 you are right. People in Asia work much harder and longer hours. Service is better too.
Pound and dollar has fallen in value against gold.
Multi millionaire here. Leaving next year to Malaysia. Reduce expenses. Excellent infrastructure, healthcare, international schools. Uk is unfortunately going towards 1 path only, downhill
Do you think the banking system in Malaysia is safe? I am also planning to leave uk next year.
I have been to Malaysia a few times, and it’s an excellent country.
You can get residency there if you invest or buy a property
@@thomasmeredith9124 I’m not sure.
I have been to Malaysia a few times, and it’s an excellent country.
You can get residency there if you invest or buy a property
There have been some corruption scandals. I don’t know about the banking system, but you could also keep your money in banks in Singapore which are very save the world has become a much smaller place and people are becoming more mobile.
@thomasmeredith9124 they have Singaporean & a few international banks operating there
Where will they go? The West is in utter economic chaos!
That’s true. I guess people look at Asia all the developing world.
There are European countries with lower tax rates such as Ireland. It depends on your profession and where you can find work or if you want to start a business somewhere
Existing businesses are looking to relocate to lower tax regimes, such as, Ireland, Croatia, Hungary, or Dubai
You need to make your own decisions based on your personal circumstances and needs.
East
👍
Plenty of options
Hopefully Sunak, Cabbage woman and Boris are some of those that are leaving.
Sunak and Boris have contributed a lot to this country. Certainly far more than most people? They also pay a lot of tax. Sunak’s wife volunteered to pay tax on NON UK income after envious left wing media pressure.
Do you think the UK will benefit from wealthy people and entrepreneurs leaving the UK?
@@charleskellymoneytipspodca9121 its not the contribution, its the net contribution. Boris was involved with Ukraine continuing its hopeless war against Russia when Russia was open to the idea of negotiating for peace. This was at the early stages of the war. How many Ukrainian lives were lost. With the continuing war and supplying of arms to the front by Sunak during his administration which could now end in a possibility of nuclear war??
This is my opinion....and these people and their administration are completely mad and can only cause more misery if they are around.
When I grew up in the UK in the 1950's, people were so proud of being British, ever since I left for Australia in the early 1980's the UK has gone to the dogs, while Australia keeps on getting better, except for our dumb socialist politicians.
@@DavidLockett-x4b thanks for your comment. I think you made a good move!
@@DavidLockett-x4b £10 Pom?
I'm moving abroad next year from the UK (yay!)
Good luck to you. Where are you off to?
I’m looking to move in the next few years. I have already started the ball rolling so to speak. I will be moving to the Channel Islands or the Isle of Man as they are crown dependencies and are separate to the UK.
@@charleskellymoneytipspodca9121Dubai. We run several remote businesses (first one we started 15yrs ago) so we can live anywhere. Been working since I was 14. I'm in my 60s now. Had a really humiliating and degrading experience with the local council recently and theres no medical care for under the NHS so it's time for me go. The old UK will always be in my heart though.
@@charleskellymoneytipspodca9121RUclips keeps deleting my posts to you. I don't think I'm meant to discuss leaving the uk.
@@charleskellymoneytipspodca9121Dubai. RUclips keeps deleting all my posts to you.
Taxes are to high for ordinary people and corrupt rf regim oligarks destroying society and vountry system from within
Thanks for your comment.
I am between the UK and Dubai - UK is ‘home’ but that home is becoming a distant memory now, because what was home is ceasing to exist unfortunately. The UK isn’t what is used to be anymore, politically, socially etc … quality of like, wokism etc, not the UK that I grew up in. Time to leave and build memories elsewhere.
@@PsychicPisces that’s sad, but true nowadays.Interesting that you live in Dubai where there is no real long-term security of residency? I guess it’s because of work?
@@charleskellymoneytipspodca9121 I set up my own company here and got a residence visa. The inability to get citizenship here doesn’t bother me, you can apply for a golden visa here which lasts 10 years. Nothing in life is permanent, we will all die one day, and citizenship isn’t really a priority, as long as one can live and work, and have a good quality of life. Being a British citizen draws in more advantages outside the UK, at the moment, then it does being in the UK.
I am one of the Multi Millionaires that will leave and live in another country. The UK is done for as it is getting harder to create profitable investments here and oen assets that will be taxed heavily.
Thanks for your comment.
Where are you going by the way?
No worries, God can still take your money no prob.
How much did you give back and I wonder how you made it. I'm no fool to people like you ❤
Thanks Charles 🙏
@@ParentingTeensAdviceandTips thanks 🙏
I was a young entrepreneur in software. The transition from a good work attitude of young employees to an exploitative mindset occurred in the early 1990s. The Blair govt exacerbated a developing situation by making it exceedingly difficult to fire incompetent staff. It takes 2 years to train software staff to a reasonable standard and to ascertain whether they are good enough. The productivity ratio from good: bad can be as high as 3:1 and the 'rights' given to employees meant that a significant number of low productivity / quality of work personnel were not weeded out. This was a great burden that demotivated everyone as the dead wood had to be carried. I got fed up and dold the business and swore never to put myself through it sgain. Result... One less successful hi-tech entrepreneur and many less high-value trained UK personnel. Every one of our trained staff ( even the worst ) achieved excellent positions in the industry due to the demanding environment that we created. No more.
😢
So True 💯 Correct 😢
Thanks for your comment. Very interesting information. Good luck.
The difference between good and bad is many, many times higher than 3:1, I would go so far as to say the difference can range from highly effective to terminaly disastrous.
@@LickorishAllsorts I've worked with people who had negative productivity.
Question. What happens when the Labour Party don’t get the taxes from the millionaires, billionaires once they have left the UK ? Plan B maybe ? Only problem there’s no plan B
Exactly! No, Plan B, no idea, no clue! Ha ha
Exactly! No, Plan B, no idea, no clue! Ha ha
This has happened in other socialist countries, but they never seem to learn
Perhaps they’ll try taxing Amazon and Starbucks
@@fanfeck2844 now that’s a good idea, only problem Labour are in their pockets
they can afford expensive accountants!
I have had a bid accepted for a property in IOM today. I want to be in easy reach of the UK for family reasons and there are daily cheap flights to multiple UK towns. The top rate of income tax is 20%, capital gains is 0% and inheritance tax is 0% which is a way better deal than the UK is now and who knows what it will become in future.
Sounds great!
Looks like a very peaceful and safe place.
Are you planning to sell up and move all your assets there?
Good luck with your move!
@@charleskellymoneytipspodca9121 I will sell up everything in the UK as I don't want a continued relationship with HMRC. I already have foreign brokerage accounts. It's looks like Cornwall but with a very low crime rate.
That’s unsustainable, the UK is going to learn some hard economic truths. One of which is that wealth creates wealthy countries, socialism doesn’t.
I agree!
It is unsustainable
Socialism eventually runs out of other people's money.
@@abrayshaw1657 true 👍
Yes, taxes, laws & red tape are far too onerous in the UK, especially when what you get back from the State is so second rate and you see wasters sponging off the State. It certainly disincentivised me when I was thinking of starting a business, and later when thinking whether to continue work until official retirement age. When I went to HK & China the contrast couldn't be starker, with low taxes, no spongers, and a can-do attitude. It's only surprising that any businesses or rich people still base themselves in the UK. For now. It seems another disastrous 1970s style period is coming our way.
Yes! Hundred percent right
Corporation tax already went up from 19% to 25% No wonder people are leaving
Hk , no capital gain tax no Estate tax maximum tax rate 16 percent ！
Great! I love Hong Kong! Looks like quite an expensive place to buy a property.
How about relocating Switzerland ….
Switzerland is a beautiful place but you need to a lot of money to go there on an investor Visa. Not sure about Work Permits or entry requirements.
The Swiss have a very high standard of living
Taxes, Taxes and more taxes really broken down UK and decades long record of lowest salaries for employees
Yes. I’ve even heard a rumour about wealth tax and even an exit tax
@@charleskellymoneytipspodca9121 absolutely disgusting if they do this. It will be big signalling to outside world that UK is collapsing and economically destroyed. Majority of countries attract inward investment but UK is pushing outward investment or financial wealth
@@charleskellymoneytipspodca9121 Thanks, I haven't heard about an exit tax. It wouldn't surprise me though.
My Project is now on absolute hold, as the UK is not actually open to new tech although it says it is. l am looking to try and leave the UK too, which l am not happy about at all, l thought this was the place to be
Good luck with your move. I should say that there are investors who do invest in new tech in the UK, particularly in London.
I’ve been to quite a few meetings were start up businesses pitch to investors and have raised millions.
Even businesses from Europe, come to London to raise capital
22 Billion black is Liebours green spending money
Hmmm 🤔
Once I could see that the conservatives wouldn’t be re-elected a couple of years ago, I started looking around. The rhetoric from Labour was high taxes, anti landlords, anti business. Someone suggested Bulgaria, which I hadn’t thought of, but apart from Spain ( tax free period), Dubai ( low tax), there is the far East. Future considerations - Paying for health care isn’t a consideration, pensions aren’t great in the U.K. and will degrade. I pay a lot of tax and if it’s fair, I’m happy to do it. But it’s not fair and the money they receive is being squandered. Where to and when are the questions I’m asking myself now
Italy and Croatia also look good.
I follow Andrew Henderson on the nomad entrepreneur. He’s always got some great ideas.
@@charleskellymoneytipspodca9121 Thanks Charles, I’ll look for his site. I’ve heard about Serbia but will look at Italy and Croatia . Have not heard good things about Italy though.
@@charleskellymoneytipspodca9121
ruclips.net/video/1tiNRqfz-Hc/видео.htmlsi=mxT5Jw_UOUqnmPJj.
They do pay tax. I’m not talking about elusive billionaires, but many business people and high earners who have assets of over £1 million.
Same case with India. Rich leaving the country.
Really? I didn’t know that.
I dont think RUclips likes us discussing about leaving the uk as it keeps deleting my posts. Im moving to Dubai. I run several laptop remote businesses so can live anywhere really.
It’s great that you can work from anywhere, and why not be somewhere in the Sun with low taxes.
Not sure why your posts have been deleted as there are quite a few channels devoted to helping people relocate and leave countries like the UK? Could it be something you said within the post they don’t like?
These kind of restrictions are computer-generated, so it could’ve been a particular word or phrase
@@charleskellymoneytipspodca9121 There was nothing in my posts (tried several times) that would have warranted a removal. Just simple replies. Never mind. Less is more lol
I have a recruitment business and all of my staff are employed offshore. As soon as my old dog passes, I'm leaving the UK (Portugal is top of the list at present)
I have heard Portugal isn't as good as it used to be and people are now leaving. I have been watching Henderson and other videos and it seems there are now better places to go in Europe, but to each his own.
@@jonh7054 I haven't done that much research yet tbh, have you any other places which you could suggest?
Thanks for your comment. Good luck
Not as attractive as before and properly prices now t so cheap anymore.
let’s see what you say in a few years time.
The last government had to cope with world events outside of their control, and they hadn’t quite cleaned up the mess left by the Gordon Brown government, and all the bailouts we had to do to keep the country afloat
Labour will destroy all of the good work
Thank you. Would Morocco be a bad move, do you think ?
I was thinking the same thing
Not sure. It’s not on the top 10 countries listed for expats.
why there?
simply put there is no value proposition in the uk currently. people with options take them
Thanks for your comment. I think you still can build a business here, or make money, and there are many career opportunities, which is why people are migrating here.
But things will get harder for the middle classes and higher taxpayers
Good it will make room for other ppl to make money.
As long as they are replaced by people with similar talents, ambition and drive.
Two years ago I told you that we are in a structural crisis of the market economy (not a recession) that will last for 8 years. The industry has been reducing steadily with 0.5% a month since the autumn of 2021. At the end the standard of living will have reduced two and a half times. Read Mikhail Khazin.
Interesting. Thanks for your comment.
Good luck with the move
Wr left for IOM last year. Great tax regime, beautiful island, no frume, good schools,and co.munity wjo speak same language/cultural outlook. Boring fordome, but you can live there 6 mo ths and then go elsewhere. many wealthy hrre go to London/other capitals for.a bling fix!!!!
Thanks for your comment. Sounds good
Weather windy ?
What are house prices like?
Lazy Britain, we need to stop using
'Hard Work' when talking about jobs, we do not work hard on thos Country.
Yes. Compared to some other countries we don’t.
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
It's Elizabeth Regina Nelsen doing she's changed my life. A BROKER- like her is what you need.
Her top notch guidance and expertise on digital market changed the game for me.
YES!!! that's exactly her name (Mrs Elizabeth Regina Nelsen) so many people have recommended highly about her and I'm just starting with her from Brisbane Australia🇦🇺
Wow! Kind of in shock you mentioned expert, Elizabeth R Nelsen. What a coincidence!!
After I raised up to $255k trading with her I bought a new House and a car here in the states 🇺🇲🇺🇲 also paid for my son's surgery (Oscar). Glory to God shalom.
Lawyers + brains. 😏
Thanks for your comment.
Charlie kelly should talk about his experiences with the nightman!
@@kingsouther ?
Argentina, Venezuela, who is next?
I’m a high net worth individual and I’ve done the living abroad thing pretty extensively. There are emotional costs to living abroad that millionaires (and the Swiss bank) don’t generally consider but ought to; things like culture shock (it never subsides), the discomfort of never being completely 100% at peace with the environment, never being ‘one of them’, constantly being overcharged because you’re a foreigner etc etc
It all adds up. Glad to be back here, as many of these millionaires will be too once they’ve seen what I have.
Thanks for your comment. Good to hear an alternative view. You are right that there is always a cost.
All problems that are starting to feel very familiar to native born Brits in their own country.
Yet for a lot of indigenous people in the UK they now feel they dont belong here and are taxed to death.
@@charleskellymoneytipspodca9121 Thank you. Much of ‘the cost’ is a subconscious ‘burden’ which is difficult to articulate…. It’s similar to the sensation one gets on the first night in a new hotel on holiday I guess… bad mood until one acclimatises.. however far more protracted; without end.
Great memories. Though glad it’s over.
Best wishes
@@humanbeing6933 👍
The NHS isn't broken but you have to wait 8 hours in A&E just to be seen by a doctor or having your surgery postponed for months due to backlog
When it's budget has doubled relative to GDP since the 1990s, and average service levels have got worse, it's difficult not to conclude it's broken on some level. The ONS reports zero productivity growth in public services since the 1990s, whilst the private sector has improved by about 27%. It appears successive govts. have just thrown more & more money at it, without any reform to make the spending effective.
I 'm having to wait 18 months for an ear appointment. Will have it done in Malaysia when I visit next month.
Thanks for your comment. I have not had that experience fortunately.
True
hope you get seen soon
Dont blame them
people have to look after themselves as the government won’t look after you.
Milking this country dry and now they are leaving.
Exactly 💯 agree 👍🏻
As Maggie T said, "there's no such thing as society, just individuals". The leavers prove the veracity of this
Thanks for your comment.
I don’t know about that particular case, but he still makes good videos. I’m not recommending this guy for his services. If you want to use someone like that, then you have to do your due diligence. I’m not using his service by the way.
I do think he makes informative and intelligent videos
What about Australia?
I’ve been there before, and it’s a great country. Great employment opportunities, if you have the right skills to fit in with their immigration system. Many nurses and doctors are live in the UK to work in Australia where they can earn more. The cost of living and housing is not cheap though.
Hello from china . Just saying
How’s it going there?
This productivity argument is absolute rubbish. British people are hard working generally. Its the outsourcing of manufacturing because of the cost of doing it here that lowers our productivity and thats a choice because of regulations and energy costs mainly
Thanks for your comment.
I’m afraid you just don’t get it. Read my earlier reply and the title of this episode.
We also try to keep comments civil here so refrain from using insults.
are any banks 100% safe?
Total.nonsense.
What is nonsense?
Thanks Charles for the report. We have had 27 years of bad Government from 8 PM's all WEF Davos members starting with Blair with a Globalist outlook and open boarders view. They and the majority of their fellow MP's share a similar view of a multi cultural society and seem to care nothing of British culture, history, citizens, or quality of life of ordinary working people. As a residential Landlord hit by Section 24 and earning £0 for the last 2years living off savings and still paying TAX, Two tier Kier and this Labour Government is the icing on the cake. I am working towards the exit door and plan to leave the UK within the next 3 years and only plan to come back for holidays to see family and freinds.
I wouldn't blame you
Thanks for your comment.
Where are you planning to go?
@@charleskellymoneytipspodca9121 I am not sure at the moment. I have property in Spain and have heard it is a better place to go than Portugal now, but I also like South East Asia. Thailand, Vietnam, Philippines, Malaysia etc and may well become a nomad for several years. I have always liked the idea of travelling and seeing the world so this could be the perfect opportunity whilst I still have my health.
It’s sad that the governments keep messing things up for business. It takes away the incentive to go out and create wealth and jobs.
Good luck with your travels!
they can't their money is in their house.
So what 3% of UK are millionaires..over 3 millionaires
Thanks for your comment. Yes, a few millionaires leaving will not bring the country down, but it’s a general trend that I’m worried about. There are also less millionaires being made here, according to the UBS report.
It’s the overall net loss of millionaires and billionaires that is worrying because they pay the most tax
@@charleskellymoneytipspodca9121 not really. We have many also coming. Buying prime real estate in London from China, US, middle east etc and getting citizenship. Many are global citizens with UK citizenship so plonk their assets here.
as always, to many chiefs and not enough Indians.
@@5vete true 😊
Bye🙋♀️
Thanks for your comment
A lot of second generation immigrants make up the number of millionaires that are leaving.
Interesting
👉Me2 ,I am going
To China or Russia 🇨🇳🇷🇺.
@@PravdaSeed seriously? Good luck with that.
Great
Great?
We love our country. We will still support this country. We will never leave even if taxes increase further.
love a country has no future? lol pathetic
Sure that many other people feel the same way as you. Thanks for your comment.
Sure that many other people feel the same way as you. Thanks for your comment. Labour will come and go!
@@superhao821UK has future
@@charleskellymoneytipspodca9121 And so will our tax money into the abyss
Good riddance. It’s not like millionaires are known for paying taxes and furthering communities.
I’m sorry, but that’s simply not true. Millionaires and the highflyers pay the most tax in the UK. In my experience, they also do a lot of work for charity and help others.
Low wage earners, hardly pay any tax and also qualify for benefits.
@@charleskellymoneytipspodca9121 That’s quite a misleading statement. They pay the most tax, but it’s not proportionate to their earnings.
@@fumanchu9701 which part of my statement is misleading? You state yourself that they do pay the most tax. High earners pay up to 45p in the pound in tax low earners, pay zero tax on the first £12,750 per annum.
@@charleskellymoneytipspodca9121 if a billionaire pays 1% tax then they would have paid more than most people. But I’m sure you’re smart enough to know that 1% isn’t a proportionate amount.
@@fumanchu9701even if that one billionaire paid 10% it will not go very far
the nhs budget runs into the billions every year
remember the government does not make enough money from taxes to cover its bills
it has to borrow nearly every month from the international markets to balance the books
Sounds just like average joe to me??
we are on the world stage not everyone has realised, you owe ur place of birth even ur ancestry place of birth absolutely nothing!!!!!!!
Remember when lizz trust/kwasi kwarteng tried to do as they please
international market INSTANTLY!!!!!!! demanded a higher interest to lend the u.k government money
how long did it take for mortgage rates to spike🤔🤔🤔
so therefore British government have to be seen and heard they are earning more tax money, so they can borrow at a cheaper rate.
you do not want to be in this country if the uk government ever has to go to the imf/World bank gang for money
they would make Conservative austerity seem absolutely generous!!!!
if you saw your mate in Ukraine getting attacked by Russia, would you turn a blind eye and close the curtains or would you 'elp?
The situation is complicated
The situation is complicated. What I don’t want to see is the start of world War 3
There are many quitters oit there it seems. A bit of extra tax and those who benefitted throw a tantrum.
ROI and quality of life are great reasons to leave if there are better options elsewhere. Its not about quitting.
@@jonh7054 Its quitting. Quitters make excuses. Mate if you lived in a real third world country you would have cause to complain. Granted things are not good there again a 100 years ago our ancestors struggled to feed themselves. Most stayed here and that may be the reason you are here.
The Duke of Wellington said 'NOTHING IS EVER AS BAD OR AS GOOD AS IT SEEMS'.
A government that steals 80% your wealth and then squanders it is a reason to leave, staying is stockholm syndrome. Its the battered wife.
Thanks for your comment.
Thanks for your comment.
They do pay tax. I’m not talking about elusive billionaires, but many business people and high earners who have assets of over £1 million.
I don’t know about that particular case, but he still makes good videos. I’m not recommending this guy for his services. If you want to use someone like that, then you have to do your due diligence. I’m not using his service by the way.
I do think he makes informative and intelligent videos
Argentina, Venezuela, who is next?