Move from UK to Sweden
My wife (Swedish) and I (European) are seriously considering leaving the UK and retiring early near Halmstad, close to my in-laws, with our two young children.
Our financial picture looks like this: - Annual living expenses: £30k - Investment portfolio: £750k in equities, £350k in a defined contribution pension - Pension: £12k/year from a defined benefit scheme starting at age 65
We’re trying to understand the following:
- Tax implications: How will moving to Sweden impact our taxes, especially on investments and pensions?
- Healthcare & education: What should we be aware of in terms of healthcare access and schooling for our children in Sweden?
- Currency risk: Since most of our investments are in GBP, how do we mitigate currency risk when living with SEK expenses?
- Cost of living: Are there any hidden costs in Sweden that we might not be aware of when budgeting for £30k/year?
- Early retirement experiences: Has anyone made a similar move to Sweden (or Scandinavia) for early retirement? Any unexpected challenges or surprises?