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  • We are the leading wealth management group specialising in the creation of tailor-made

  • tax and estate planning solutions for British expatriates living in France, Spain, Portugal, Cyprus and Malta

  • We are the leading wealth management group specialising in the creation of tailor-made

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QROPS Portugal

If you are resident overseas, the taxation of your pension income will largely depend on what type of pension is being received and the tax rules in your country of residence.

If you are residing in Portugal, UK State Retirement and Occupational Pension income will be taxable at the Portuguese progressive scale rates of income tax (10.5% - 42% in 2010). A small allowance is generally available before tax is applied.

Pensions arising from UK government service will remain taxable in the UK and will not be subject to tax in Portugal.

In the case of Personal Pensions, depending on how they are made up, it is possible to receive a significant percentage of your income free of Portuguese tax.

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Stack trace at System.Web.SessionState.SqlSessionStateStore.SqlExecuteNonQueryWithRetry(SqlCommand cmd, Boolean ignoreInsertPKException, String id)
at System.Web.SessionState.SqlSessionStateStore.SetAndReleaseItemExclusive(HttpContext context, String id, SessionStateStoreData item, Object lockId, Boolean newItem)
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Source.Net SqlClient Data Provider
 
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Stack trace at System.Data.SqlClient.SqlConnection.OnError(SqlException exception, Boolean breakConnection)
at System.Data.SqlClient.TdsParser.ThrowExceptionAndWarning()
at System.Data.SqlClient.TdsParser.Run(RunBehavior runBehavior, SqlCommand cmdHandler, SqlDataReader dataStream, BulkCopySimpleResultSet bulkCopyHandler, TdsParserStateObject stateObj)
at System.Data.SqlClient.SqlCommand.FinishExecuteReader(SqlDataReader ds, RunBehavior runBehavior, String resetOptionsString)
at System.Data.SqlClient.SqlCommand.RunExecuteReaderTds(CommandBehavior cmdBehavior, RunBehavior runBehavior, Boolean returnStream, Boolean async)
at System.Data.SqlClient.SqlCommand.RunExecuteReader(CommandBehavior cmdBehavior, RunBehavior runBehavior, Boolean returnStream, String method, DbAsyncResult result)
at System.Data.SqlClient.SqlCommand.InternalExecuteNonQuery(DbAsyncResult result, String methodName, Boolean sendToPipe)
at System.Data.SqlClient.SqlCommand.ExecuteNonQuery()
at System.Web.SessionState.SqlSessionStateStore.SqlExecuteNonQueryWithRetry(SqlCommand cmd, Boolean ignoreInsertPKException, String id)