The content on this channel is for educational and information purposes only. It should not be relied on as advice, and you should always take qualified advice before making any changes to your personal position. Whilst I have experience in the financial and tax industry, this channel is for recreational purposes and is not an advertisement for my business or services. Its purpose is to share quality information. Whilst every care is taken as to the accuracy of the information in these videos, the information provided is based on the understanding of the rules at the time, and rules can change with little or no notice.
Whilst I cover a wide range of issues on the channel, in my professional role I specialise in tax efficient investments, UK and overseas pensions, estate planning, and wealth management for expatriates based in Portugal. Unfortunately, I do not offer visa or tax return services, nor can I assist US nationals. *Thank you for your support and understanding. I hope to continue to provide you with valuable information to help you with your life in Portugal. If you have any suggestions for content you would like to hear, please let me know*
Thank you for the information. If I decide to move abroad from UK, can I withdraw money from investment ISA account before moving so I can avoid paying tax on profit ?
I’m very confused about the joint return. Let’s just say I make 100k and my wife makes zero with one child dependent. Would we only pay tax on 50k? Or would we split the income down the middle, tax both at that “lower” rate then combine again to get final rate?
Yes, that is possible - you just have to consider the tax position for both employee and employer i.e. liability to tax and social security in Portugal
@@AB-kd9et I will try - time is stretched at the moment but I will try asap. You could look at this in the meantime ruclips.net/video/lk8I_vwos1c/видео.html
IMPORTANT - PLEASE READ REGARDING THIS CHANNEL
The content on this channel is for educational and information purposes only. It should not be relied on as advice, and you should always take qualified advice before making any changes to your personal position.
Whilst I have experience in the financial and tax industry, this channel is for recreational purposes and is not an advertisement for my business or services. Its purpose is to share quality information.
Whilst every care is taken as to the accuracy of the information in these videos, the information provided is based on the understanding of the rules at the time, and rules can change with little or no notice.
Whilst I cover a wide range of issues on the channel, in my professional role I specialise in tax efficient investments, UK and overseas pensions, estate planning, and wealth management for expatriates based in Portugal. Unfortunately, I do not offer visa or tax return services, nor can I assist US nationals.
*Thank you for your support and understanding. I hope to continue to provide you with valuable information to help you with your life in Portugal. If you have any suggestions for content you would like to hear, please let me know*
I found your explanation very helpful. Thank you.
Thank you very much and glad it was useful for you :-)
Thank you for the information. If I decide to move abroad from UK, can I withdraw money from investment ISA account before moving so I can avoid paying tax on profit ?
Thank you for your comment. Yes, you can close the ISA down whilst still in the UK tax free and then move to Portugal. Best wishes, Mark
@@taxfinancialadviceinportug4745 thank you for coming back to me
I’m very confused about the joint return. Let’s just say I make 100k and my wife makes zero with one child dependent. Would we only pay tax on 50k? Or would we split the income down the middle, tax both at that “lower” rate then combine again to get final rate?
You pay tax on the full amount but can benefit by using each others tax bandings
I heard there's wealth tax on expensive properties
Correct - each person has an allowance of €600k, and above that additional annual tax applies (AIMI)
How much more is it
@@miamijames It is scaled depending on the value of property
What about a UK employee looking to work remotely in Portugal, is that possible?
Yes, that is possible - you just have to consider the tax position for both employee and employer i.e. liability to tax and social security in Portugal
@@taxfinancialadviceinportug4745 can you please please do a video on this topic?
@@AB-kd9et I will try - time is stretched at the moment but I will try asap. You could look at this in the meantime ruclips.net/video/lk8I_vwos1c/видео.html
@@taxfinancialadviceinportug4745 much appreciated :)
Are you based on which country
Portugal
Hey Mark, what's the best way to contact you? thanks
Hi Adrian. financialadviceportugal@gmail.com