Hi everyone we're coming to live in Dipolog area by next year and we can't wait for it to happen. At the moment my wife who is filippino and I live in York, N. Yorks uk
Can anyone tell me how much is the monthly cost of living out there?
Greeting to you also "Yorky"
Are you planning on moving to the Philippines also?![]()
Thanks for your help. Going on what you've said I should be ok on PHP102510 per month!![]()
That's very very close to the new UKBA income threshold for family migration, which many folks can't reach.
By the way Mr Cobbler are you aware of the benefits of the Double Taxation agreement between UK and Philippines?
If yes, well done on your thorough research.
If not read on:-
The UK and Philippines has a “double taxation agreement”
This means that when you receive pension payments, those payments should only be taxed once if you’re living in a country with which Britain has a double taxation agreement.
If there is no double taxation agreement in effect between the two countries, you can expect to be taxed twice.
Normally, your pension will be taxed at source in the UK but, if you are resident abroad, and you let HMRC know that your pension will be taxed in your country of residence, the tax in the UK will not be applied.
Where that is the case, and you make a claim for relief, HMRC will authorise payment of your pension without deduction of tax.
You will need to obtain a TIN (Tax Identification Number) from Phils BIR and send this to HMRC as evidence.
Currently income from pensions are taxed at 0% in Philippines.
There are some "government" pensions which are not applicable, but these can usually be taken care of by your personal allowances.
Pensions tax is more fun in the Philippines![]()
Thanks for your advice Terpe, yes I had an idea regarding double taxation but I had no details about it. One of the many reasons I want to leave UK is it's becoming too expensive to live here so If what you say is true I'll finally receive my pension tax free. By the way 102,510php is my pension after paying UK tax so you have just concreted my idea of moving to the Philippines
hanks once again![]()
Welcome also from a freshly domiciled Yorky also.
As mentioned, depends on how you want to live. I've just got back after 6 years and led a reasonable lifestyle (occasional eating out/imported food/broadband/mobiles/satalite/SUV) in a rented western style apartment and for me, my wife, young son and a hungry labrador we really needed about P50,000 a month. Some of my friends managed P20k, others P80k. Electricity is expensive, petrol is creeping up. Too many variables I'm afraid you'll just have to see when you get there!
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