Hi Guys,
I am a Computer Engineer. Originally from Caracas, currently living in London (since 2011). I got married and have 2 kids. Lately, I've been thinking what it seems a crazy idea but here it goes.
My salary in the UK is a descent one. don't want to brag about it but it will help to give the best advice. I currently earn GBP50.000 per year. We pay taxes in UK, which means after all taxes, national insurance (seguro social), insurance policy for my family, I would get cash GBP 2750 monthly.
I've spoken with my company directors, and they are happy to allow me remote work for 1 year (subject of a 3 month trial). So I might be planning to go back to Venezuela for 6 month - 1 year and work from there. The key thing is that because I won't be a permanent employee anymore, and I won't be resident of the UK (for taxing purposes since I'll be out of the country for more than 6 month) they would pay me 50.000 / 12 = 4166 pounds per month cash into my account.
I've been in Venezuela every year since I moved and we always enjoy (everything is just cheap when you bring dollars). We have an apartment in Baruta so we won't need to pay for accommodation. And I still have my car there.
Considering the cost of living, we can afford a 'luxury' life with only 500$ ~ 350GBP. If we stick to that amount which translate to VEF200.000 monthly (I know, is too much!! - as today 1$ == 424 VEF), I would still be saving 3800 GBP monthly!!! If we stay the whole year that would be an outstanding more than 40.000GBP net savings. That would take me ages to save up the same amount in UK!
On the other hand I am concerned that I would be targeted soon (my wife and kids are blond that any malandro would recognize straight away as a foreign). Everytime we go there I am in paranoia mode! But we are not talking about 1 month, it is 1 year. I might be paranoid but come on, I don't want to get killed or kidnap or if anything happen to my family I wouldn't forgive myself.
That money would be used for a mortgages deposit for a house in UK for me and my family.
What do you guys think? What would you do?!