Top tips for retiring to Portugal
By International Adviser, 23 Jul 18
What are the big questions that need to be answered before people retire to Portugal? Blevins Franks’ business development director Jason Porter offers a case study highlighting key questions to consider.
John and Julia intend to move to Portugal in a year or two, what do they need to know about the Portuguese tax system?
In 2009, the Portuguese government introduced the Non-Habitual Resident (NHR) tax regime for anybody who has not been resident in the previous five years.
It provides beneficial tax treatment for the first 10 years of residence.
There is an exemption from tax for certain foreign-source income, provided certain conditions are met.
For retirees who intend to live off pension income, interest and dividends from investments, this could mean almost tax-free income for 10 years.
But what about their pensions?
Tags: Blevins Franks | Jason Porter | Portugal
