Retiring in Ireland
There are millions of people of partial or full Irish descent and many of those choose to visit Ireland in order to find their roots and retrace their forefathers’ steps. Once they experience the Irish way of life, the friendliness of the Irish, the peacefulness of the rolling hills and green meadows and the old Irish pubs with their live music and good beer the thought to maybe retire in this great country crosses their mind. So we would like to list the pros as well as the cons about retiring in Ireland.
As we mentioned before, the people are very open and friendly and it is easy to start a conversation or get help when needed. Life in smaller towns or villages is safe, as Ireland has a relatively low crime rate especially outside of Dublin. The Irish love to chat with their neighbours, have a pint in the local pub with friends and in general enjoy life with family and friends, especially during holidays and celebrations.
And you have to be aware that it is raining a lot in Ireland, so be prepared to carry an umbrella with you every day, as you never know when the next rain shower will come. There are many expats who live in Ireland during the more agreeable months from April to October and enjoy warmer climates during the Irish winter.
Once you have decided to move to Ireland you will have to choose between renting or buying a property. There are no restrictions concerning neither and there are no property taxes on the principal residence. If you have a second residency in Ireland you will have to pay a 200 Euro fee. Ireland is divided into two parts. The first being Dublin and the second being “The Country”, Dublin is much more expensive when purchasing or renting property than areas in the south or west of the country.
If you like to play golf you will be in the perfect place. There are many little towns that are perfect for retirees, with shops and pubs and restaurants, and best of all, some of the world’s greatest golf courses.
Ireland currently has Double Taxation treaties with 44 other countries, and others are being negotiated. People from these countries who retire in Ireland can have their pensions sent to them free of tax in their country of origin. You are considered a tax resident if you live 183 days or more in Ireland and you have to notify your local tax office about your residency. You have to declare all your income as they are liable to Irish taxes, including your pension, unless you come from a country falls under the Double Taxation treaties.
Everyone aged 66 and over living permanently in Ireland is entitled to the Free Travel Scheme. If you qualify for free travel, you are issued with a pass that you must carry with you when using public transport like bus, rail and Dublin’s LUAS service. In some cases, a Free Travel Companion Pass is available which allows a person to travel with the holder (if they are unable to travel alone). Free travel passes are non-transferrable and can only be used by the named person. Free travel is also available on a limited number of services operated by private bus transport companies.
And last but not least if you are coming from the US or UK you won’t have to learn a new language.