… To be considering leaving the UK?

[globalnomad25]

We have been considering leaving, even if only for a few years. Many of our clients have already gone or are planning it, and some of our friends too.

I’m not sure where we’d go: UAE, Portugal, Jersey, Ireland, Canada, Australia? We don’t currently want to move to the US, even though that would probably make the most sense from a business/client point of view.

For those out there who have already left, how has it gone? Was it a horrible mistake or are you glad you did it?

For those also thinking about it, where would you go?

Kids are school-aged and smart and used to international travel as our work already takes us all over, although they’d miss their friends (as would we). We aren’t English so our family is already based all over the place, although we visit them frequently.

Exactly. Why do you think they do this? @L1ghyn1ngBug

I have options about whether to trot off. You're not part of the conversation. Now do trot off yourself, do. 🙄

The 0.5% claim comes from taxjustice, which does not differentiate between liquid millionaires and those that hold their wealth in an asset, usually property.

It’s liquid wealth the UK is losing, and the net outflow is accelerating yearly. In one year alone the U.K. lost the equivalent of over half a million average tax payers (and that’s based only on the loss of income tax). The impact of this is far from negligible..

What reports say otherwise? The socialist workers party?

Millionaires don’t quibble over school fees. Just saying.

Of course they do, they also quible over politicians smirking as their children’s schools close down and the education secretary saying their children are not ‘our’ children.

I’m getting the impression you are quite elderly and a little bit out of touch.

Family members who've emigrated to countries long flights away have struggled emotionally with the fact that you do really cut your family ties - their lives carry on without you. So think about where family are and recognise that if its a long flight, people will rarely visit.

I'd head to scandinavia myself.

But surely it doesn't need to be permanent? It's clearly easy to move countries for a small section of the population, like the OP and others commenting here that seem to be able to get visas to anywhere they want...so if someone is in that position then it would be easy to move there and even easier to come back home?

Unless you stick to International schools moving a post GCSE child is tricky. Education systems won't match up and it will be a werid few years of settling into any public school system. And then you have post 18 yo visas to think of and university education. I have a US based relative who's in a visa nightmare as their UK born eldest is aging out of the family visa and they face the risk of not being able to live together.
Im in Ireland, have relatives in the US, Canada, Australia, France and NZ. No where is perfect, everywhere has is own issues, so go with open eyes.

My heart bleeds for you.🙄

I agree - education is a very real sticking point. It's the bit I can't quite square - even with English-system schools. I've been thinking I've left it too late to move during the education years (and definitely questioning our earlier choices - but then the UK wasn't such a shit-show 10 years ago)

But I was struck by @Araminta1003 's comment earlier that she's planning her move with the intention of relocating her entire family's locus, for the long-term benefit of her children. . She's not trying to keep her children connected to the UK through their education: she feels they will have better lives settled in Europe. This rings huge alarm bells for the UK's future. If professionals think their UK-born children (likely to be bright and hard-working - these things are correlated with parental educational siccess, whether you like that reality or not) will have a better future elsewhere and deliberately relocate the whole family, that's really bad for the UK. And has the hallmarks of a snowball effect.

Exactly.

You despise me even though I'm funding you.

Weird.

And not sustainable as a social contract.

Labour really have completely fucked that up, with their policies and the accompanying vitriolic rhetoric.

We were happily oblivious to how unbalanced and how hate-filled our social contract was before. We just happily got on with working and paying in huge amounts. We're no longer oblivious. So what next?

You don’t know that you are and no I don’t despise you I despise the money hoarding, poor me mentality shown on here when posters are
anything but that.

UK also offers various types of investor visa, Sunak closed down the Tier 1 investment visa.

EU closed down almost all Golden Visa's

UK is apparently no 1 for foreign investment & the numbers of the super rich leaving the UK has been grossly exaggerated. wonder why?

Since Brexit, the UK has become less attractive, add in appalling public services.

Rachel Reeves is certainly a net tax contributor, but she despises us too. It's not really so much to do with what your current salary is: more your sense of entitlement to other people's money to benefit yourself and others you deem more worthy. More worthy to enjoy that money than the people whose money it actually is.

You've made that all up - Taxes are still far lower than the post war period, yet the wealthy still survived, just be lucky you have a great life style despite higher taxes but instead its just moan moan moan.

Try being a carer on NMW?

14 years of awful polices, have wrecked the UK but its quite simple, if you hate the UK & its Govt, then your life would be better elsewhere.

I don't like what the UK has become, i don't see any Govt being able to turn it around either, for me, it will be spending more and more time abroad, subject to Schengen rules.

Well, residence, which can be substantiated, is a fairer criteria than projections into the future about a person's likely residence and earning power - neither of which are provable at the point of access. Thus residence makes a good proxy.
I don't see the problem here. If you want to go to a British university and you are an expat, come home.

I think the issue is @L1ghyn1ngBug , in your head millionaires are all mansions and yachts. Where as the reality is that’s it’s largely professionals (Drs, software developers, SME owners) with young families, half way through their mortgage running themselves into the ground to keep all the plates spinning.

I mean, I visit the UK regularly. But I don't need to do that to know that comparing being a top 1% earner to suffering domestic violence is grossly crass and inappropriate. It is a disgusting comparison.

Top 5%

Still crass

I really haven't made it up. See the increasing rate of exodus of the very people who actually could turn the country around through growth - which really is the only solution.

Labour do seem to understand that we need those skills for growth - hence adding their special visas for top STEM people. But all the while, Racheal Reeves is hemorrhaging the exact same profile of people with her tax policies. It's a real blind spot for her - and for some on this thread too. I think it's because of the cognitive dissonance someone on the left feels when facing the reality that different people really do contribute differing amounts to the UK.

I don't hate the UK. I do despise the current government - but I don't think they'll be around long.l also despise the entitled, hate-filled, crabs-in-a-bucket mentality which has become way too prominent in the UK recently and is in evidence on this thread. I'm still weighing up where my family will have the best future.

You may also have been out of the UK long enough not to realise that telling people not to think and say something because it offends woke sensibilities no longer works here.

You’ll be ok.

Good question