Retiring in Poland

And the weather is much better in the UK than in Poland?


At least they aren't fearful whenever they step out the door and don't have to worry about being mugged or beaten by a bunch of **** skin turd worlders, or even raped as there's been numerous reports of migrants raping even senior citizens. That doesn't happen in Poland...

I.E.

express.co.uk/news/world/722188/Migrant-arrested-Germany-90-year-old-grandmother-raped-church

You might want to stay in Poland Doug.... the somalis are raping old men and I know there's a hell of a lot of somalis in uk

Yes, in winter. A much milder climate.

My advice for what it's worth is this.
If you currently live in the UK think very carefully before retiring to Poland for full time residency. Better to be a resident of the UK and pay UK taxes than be a resident (for tax purposes) in Poland and pay Polish taxes. They will shock you.

You just have to make sure (document it) that you spend less than 183 days per year in Poland and have a house or some property in the UK where you could spend the rest of the time and be counted as resident in UK. You will of course be subject to council tax, TV licence and other regular payments, but the benefits afforded to UK pensioners living in the UK outweigh any benefits to old age pensioners in Poland.

Your post is spot on. If there is an "or" in it - the UK or Polish taxes - then it's not so bad.

A US retiree living in Poland would have to pay the US taxes AND the Polish taxes. At least this is what I understand. And, of course, bye-bye Medicare.

A US citizen retiring to Poland will not be double taxed. You will continue to file both USA returns and PIT but there are taxation treaties to prevent double taxation. A USA retiree can receive Social Security retirement benefits deposited directly to a few Polish banks. If you can move to Poland and work for 10 years you can retire with NFZ coverage. If you have excess Social Security quarters, you can apply excess to ZUS and may be able to reduce the 10 year work.

Ultimately, it is workable, suggest you have an emotional connection though. You can Skype family and friends there as long as you have some here too. A nice thick grilled steak on the other hand, that I do miss.

Good to know. Just to clarify: no Polish income tax will be due on the Social Security benefits, dividends, interest from CD's, or anything earned in the US and taxed in the US.

Is this correct?

Incorrect. Polish tax applies in full, however, Polish tax credits will be applied to any tax pre-paid in the US.

Polish tax is essentially 18% on the first 85,000PLN a year, then 32% afterwards.

@Rich Mazur

I would think that it depends on residency. If you are polish resident you are obliged to pay polish tax. If you have already paid in USA and it is more you can claim it back if it is less you deduct from amount which you owe in Poland. This way you avoid double taxation.

It does depend on residency, this conversation only applies to those claiming Polish residency. You are liable for both taxes on earned income but on your USA return you can claim either a deduction or a foreign tax credit. Plus any income earned outside the USA is not taxed until you earn over 100k$. Unearned income in the USA I do not think is taxable by Poland but I am not sure. Unearned income from Polish sources is reportable to the IRS but again there are limits and then deductions for foreing taxes paid. Don't forget about FATCA! You must file with US treasury. If you are a USA citizen, and have overseas accounts.