How does the new UK tax year affect you?
Portugal Resident
The UK tax year started on April 6, so how will this impact your pocket? UK tax changes can affect you even if you are living in Portugal, so here we outline the key announcements in the last two UK budgets. Lifetime Allowance and other pensions tax changes Probably the biggest surprise of the UK’s […]
The post How does the new UK tax year affect you? appeared first on Portugal Resident written by Sharon Farrell Portugal Resident …

UK Spring Budget 2023 – the pensions lifetime allowance is abolished
Portugal Resident
The main tax changes announced in the UK budget related to pensions. The predicted rise from £40,000 to £60,000 in the annual tax-free has now been confirmed. The real surprise, however, was the scrapping of the lifetime allowance (LTA). This was welcome news for those with larger pensions savings … but how long will it […]
The post UK Spring Budget 2023 – the pensions lifetime allowance is abolished appeared first on Portugal Resident written by Adrian Hook Portugal Resident …