Strategic Financial Planning For Living In Portugal
Check your financial planning is on track to meet your needs and protect your family’s long-term financial security in Portugal this year. A key reason to review your wealth management is to check it’s all up to date. You need to establish whether any changes in tax rules, financial regulations, or your own personal circumstances...
Opening A Bank Account In Portugal
Expats living, working or retiring in Portugal may benefit from opening a bank account in Portugal to receive salaries, pensions etc and to pay regular bills and access cash machines. There are options to open a Portuguese bank, an account with an international bank with branches in Portugal or a mobile/digital bank account. ...
UK Inheritance Tax And Domicile – What You Need To Know Today
UK inheritance tax follows you around the world since it’s based on domicile, not residence. You could live abroad long term and still be liable for this legacy tax. Here, Blevins Franks look at key facts about UK inheritance tax and domicile and how it could affect your intended heirs. Written...
Non-Habitual Resident Ten Year Tax Holiday – Does What It Says On The Tin?
Portugal’s Non-Habitual Resident Scheme offers a ten year tax holiday to people moving to Portugal, but what is the reality? Does it do what it says on the tin? The answer is yes…and no. Written by Howard Bilton, Founder and Chairman of The Sovereign Group The first...
How Will Your UK Pension Be Taxed If You Move To Europe?
Many Britons have been putting their retirement plans to sunny southern Europe on hold for two or more years while the UK extracts itself from the EU. Covid lockdowns mean the opportunities to sell a UK home and buy a property in Europe have been limited. The ending of travel restrictions will release pent-up...
Save Tax With Portugal’s Non-Habitual Resident Scheme
Portugal’s Non-Habitual Resident scheme (NHR), which was introduced in 2009 and updated in 2020, is a tax regime offering foreign residents and investors reduced tax rates and exemptions on some taxes for their first ten years of residence. It is a great opportunity to retire to the sun and pay little or no tax...
Clarification Of Changes Affecting Investors And Retirees In Portugal
Portugal’s Golden Visa and Non-Habitual Residence Scheme have attracted many expats to Portugal, but the impact on property and rental prices has led the government to look at these schemes again. Luis da Silva sets out expectations on potential changes to the schemes. Written exclusively for Expat Network by Luis da Silva of Algarve Senior...
Personal Finance In Portugal
There are many financial issues that face those who are looking to move to Portugal. Many of these issues can be dealt with easily, provided you take advice from an expert in both Portuguese tax and tax law in your home country. Something that can save you tax in at home can have the opposite...
Pension Planning In Portugal
What are today’s options for expats with UK pensions moving to Portugal? When it comes to pensions, your long-term financial security is at stake, so you should take extreme care to do what is right for you and your family. Expats also need to consider the tax rules and implications in Portugal or your country...
Is The Cost Of Living Still Low In Portugal?
Portugal has traditionally been seen as enjoying a low cost of living – a compelling reason for retiring there. But low prices do not apply across the board, and the reality is that – apart from in certain key sectors – Portugal is not a particularly cheap country to live in any more. In common...