Neville, If you re-read that post, 600K is what the Gov will allow you to invest tax free using the downsizing rule. That's 300K each. Being a tax free investment stream account you are forced to withdraw 4% per year. We already have 2 of these and even withdrawing the 4%, the investment is going up as returns have been pretty good over the last year. The bulk of the investments remain in a different account and the interest there is taxed at 15%.
From what I've read, Spain, France and Greece will provide 3 months health care and then expect you to join and pay their schemes. There is also International health care available. During the late 70's and through the 80's I worked in oil search and travelled to many many countries. The Norwegian parent company provided us a Blue Shield card to get medical anywhere. I only ever used it twice and had no issues. Venezuela for a scorpion sting and New Zealand for a bout of Pneumonia. A quick google shows international health care companies are still out there.
I've found whole web sites with mountains of info devoted to offshore retirement to different countries. Lots to read and lots of time to look at it all.
|