Do you dream of a retirement where you could sit back and relax, with every day feeling like a holiday? Why not take the step to make this more of a reality? Moving to Portugal not only brings benefits such as sunny days, good food and beautiful scenery; but also a tax free pension! Sounds good? Let us explain how it works:
- The Non Habitual Resident (NHR) regime was introduced in Portugal in 2009. One of the principal objectives of this regime was to attract individuals and their families to Portugal by making it beneficial from a tax perspective to become tax resident in Portugal. As a result Portuguese Non Habitual Residents have the ability to benefit from tax exemptions and to enjoy their retirement without tax on their pensions. You have to actually move to Portugal and have an interest in a property by either renting or owning.
- If your pension fund is of a high enough value, you can enter into a programed withdrawal facility and receive the majority of your pension fund tax-free within the allotted 10 year period.
If this interests you, why not contact us about checking your eligibility for the move. Don’t you deserve the retirement of your dreams?
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You must be in receipt (or soon to be) of your pension. ARF’s are not applicable.