Questions advisers must ask before clients move to Portugal
By Kirsten Hastings, 2 Aug 17
UK advisers with clients looking to move to Portugal and make the most of tax-efficient opportunities but avoid costly mistakes need to consider seven key questions, according to international wealth and tax management firm Blevins Franks.
It is essential to fully understand the pension options and the tax implications before making any decisions.
Britons living in Portugal may benefit from transferring UK pension funds into a qualifying recognised overseas pension scheme (Qrops), or by taking a lump sum and reinvesting in more tax-efficient arrangements.
However, there is no ‘one size fits all’ solution so taking regulated, personalised pensions advice is crucial.
Tags: Blevins Franks | Currency | Investment Strategy | Portugal
