The UK Autumn Budget – What does it mean for pensions and tax?
Portugal Resident
UK Chancellor Jeremy Hunt delivered his Autumn Statement to Parliament on November 22. For UK residents, the good news was the cuts in National Insurance Contributions, though income tax thresholds remain frozen. It was also confirmed that three new pension allowances will be introduced following the abolition of the Lifetime Allowance.  Reductions for tax and […]
The post The UK Autumn Budget – What does it mean for pensions and tax? appeared first on Portugal Resident written by Adrian Hook Portugal Resident …

Managing your investments when living in Portugal
Portugal Resident
Moving to Portugal is the perfect opportunity to have a fresh look at your savings and investments. You need to adjust your tax planning and estate planning to take account of the Portuguese tax and succession regimes, and it makes perfect sense to review your investment capital at the same time.  Besides the convenience of […]
The post Managing your investments when living in Portugal appeared first on Portugal Resident written by Adrian Hook Portugal Resident …

Portugal’s non-habitual residence (NHR) regime – 10 years of tax benefits
Portugal Resident
You may consider moving to Portugal for a healthier, more relaxed lifestyle, but it also offers much wider appeal, giving new residents the opportunity to enjoy a decade of generous tax breaks through the non-habitual residence (NHR) regime. What is non-habitual residency? ‘Non habitual’ simply means that this regime is open to people who have […]
The post Portugal’s non-habitual residence (NHR) regime – 10 years of tax benefits appeared first on Portugal Resident written by Adrian Hook Portugal Resident …

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 …