18

Retiring abroad

What topics are covered in this chapter?

Literally millions of people are planning to retire abroad. Arranging your pension affairs for such a move is a complex business, involving more than one tax jurisdiction, and needs specialist advice. It is even possible to transfer your pension abroad and it can be tax efficient to do so, although there are situations where it is not.

Residency requirements

As a general rule you will be taxed wherever you are resident. HM Revenue & Customs will consider you resident in the UK for tax purposes if you spend 183 or more days in the UK in a year, or if your visits to the UK average 91 days or more over four years.

Popular retirement destinations ...

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