If you ever find yourself wishing for a life of leisure with no taxes and a side of spaghetti, Italy could soon be providing your dolce vita thanks to a new international retirement scheme.
Retiring by the sea might feel like a pipe dream but an attractive proposal by Italy’s new government could soon make it a reality.
The plan’s purpose is to repopulate the southern Italian regions of Calabria, Sardinia and Sicily by inviting both national and international retirees to settle tax-free for 10 years. Apart from the obvious lure of not being bothered by the tax collector, there’s the added draw of the low cost of living and a higher quality of life – think sun, sand and incredible fresh produce to name but a few benefits.
The proposal is the brainchild of Italy’s controversial far-right party The League, who make up half of the government. It has yet to be brought to parliament but is being suggested as part of an effort to bolster the economy in these regions. Unemployment and a shortage of jobs means that most local millennials have left for greener pastures. The lack of jobs, however, does not pose a problem for retirees. The League estimates they would inject €20,000 to €25,000 ($23,150 to $28,950) into struggling local economies.
Gaining the attractive 10 percent tax break would require those who participate to spend at least six months and a day living in one of the plan’s qualifying towns. In order for a town to be eligible it must have a population of less than 4,000, a population decline of more than 20 percent in the past decade, and offer good healthcare and waste management systems for residents.
Alberto Brambilla, economic adviser to Matteo Salvini, the interior minister and head of The League, told La Repubblica newspaper: “We think it could appeal to foreigners as Italy is a beautiful country.” Should the scheme become official, the hope is to attract at least 60,000 pensioners.
Soon a nightly aperitivo while watching the sunset over the Med could be within reach.
KEEN TO EXPLORE THE WORLD?
Connect with like-minded people on our premium trips curated by local insiders and with care for the world
Since you are here, we would like to share our vision for the future of travel - and the direction Culture Trip is moving in.
Culture Trip launched in 2011 with a simple yet passionate mission: to inspire people to go beyond their boundaries and experience what makes a place, its people and its culture special and meaningful — and this is still in our DNA today. We are proud that, for more than a decade, millions like you have trusted our award-winning recommendations by people who deeply understand what makes certain places and communities so special.
Increasingly we believe the world needs more meaningful, real-life connections between curious travellers keen to explore the world in a more responsible way. That is why we have intensively curated a collection of premium small-group trips as an invitation to meet and connect with new, like-minded people for once-in-a-lifetime experiences in three categories: Culture Trips, Rail Trips and Private Trips. Our Trips are suitable for both solo travelers, couples and friends who want to explore the world together.
Culture Trips are deeply immersive 5 to 16 days itineraries, that combine authentic local experiences, exciting activities and 4-5* accommodation to look forward to at the end of each day. Our Rail Trips are our most planet-friendly itineraries that invite you to take the scenic route, relax whilst getting under the skin of a destination. Our Private Trips are fully tailored itineraries, curated by our Travel Experts specifically for you, your friends or your family.
We know that many of you worry about the environmental impact of travel and are looking for ways of expanding horizons in ways that do minimal harm - and may even bring benefits. We are committed to go as far as possible in curating our trips with care for the planet. That is why all of our trips are flightless in destination, fully carbon offset - and we have ambitious plans to be net zero in the very near future.