Careful
Cyprus is definitely NOT 5% income tax.
It's somewhere between 25-33%. Now if you are a pensioner then the tax on your pension is 5%. The devil is (always) in the detail. Just make sure that you're paid in € if you're thinking of living anywhere in the EU. Stg£ has lost 35% of value against the € recently so add in even 5% and there's not much point in moving.