As professional investment managers, we don’t offer specific advice on legal and taxation matters. So, we’ve teamed up with Teresa Patrício & Associados, a trusted firm of highly experienced Portuguese lawyers.
The unfortunate truth is that the good life in the sun doesn’t work out for everyone.
The unfortunate truth is that the good life in the sun doesn’t work out for everyone. Missing the grandchildren, culture shock, a long-term illness, loss of a partner, language difficulties, money worries or simple homesickness prompt hundreds of British expats to sell up and head home every year.
Of course, we hope none of this ever applies in your case. However, should you find yourself wondering whether to leave Portugal and return to the UK, there are few things you can do to make it easier.
It’s worth keeping an eye on the UK cost of living to help with budgeting and avoid unpleasant surprises, particularly regarding property prices.
You’ll need to think about your pension and investment arrangements, and if you’ve become a Portuguese resident for tax purposes, you’ll need to re-register with HM Revenue & Customs. If you closed your UK bank account when you moved, you’ll no longer have a credit history, so it may be worth keeping your Portuguese account open until you can arrange a new one back home.
If you need more information or advice, please use the link below