Sun, sea, sand, low taxes, and it's still the EU

Cyprus, which joined the EU in 2004, is setting itself up as something of tax haven for people of with a wide range of incomes - not just millionaires.

If you are fed up with high taxes and miserable weather, you can escape both without leaving the European Union by moving to an English-speaking country with a flat rate of income tax at 5 per cent or annual allowances of more than £14,600 tax-free. Better yet, savers who have retired can receive interest from bank deposits and sharholdings entirely free of income tax - and inheritance tax has been abolished on this Mediterranean island. READ ON