Portugal in 2025: New Rules, Smart Opportunities
What’s New in 2025?
Portugal’s popular Non-Habitual Resident (NHR) scheme—once the golden ticket for expat retirees—is no longer available to new applicants. But don’t let that stop you. Its replacement, along with several new tax incentives, still offers valuable opportunities for those with pensions, investments, or rental income.
Foreign Income Relief: Still Here—If You Qualify
The new IFICI+ regime may not be NHR by name, but it retains many of its benefits. If you haven’t been a Portuguese tax resident in the past five years and you're moving with purpose—such as retiring or investing—you could access a 10-year tax break on foreign income, including:
Dividends from your portfolio
Rental income from property abroad
Capital gains
In some cases, pension income (depending on how it's structured)
We help retirees structure their pensions and portfolios to make the most of these exemptions.
Not All Income Is Treated Equally—That’s Where We Come In
New rules bring new complexity. Pensions, trusts, and capital gains are not all taxed the same—and getting the structure wrong could cost you.
That’s where we help:
Build a tax-aware retirement income plan
Protect your assets and estate
Avoid avoidable taxes, fees, and surprises
We’re not here to sell you property or pitch loopholes. We're here to help you retire wisely, with clarity and confidence.
Ready to take the next step?
Let’s talk about how to structure your retirement the smart way.
We’re authorised and regulated in both the UK and Portugal, so you can move forward with confidence—across borders, and with peace of mind.