Ten years from retirement our client required a strategy to:
Grow current savings for retirement.
Add surplus income and bonuses efficiently.
Maximize tax efficiency in retirement.
Ensure continued benefits for the spouse and eventual transfer to children.
Maintain flexibility if relocating from Portugal in the future.
The challenge was to design a transportable, compliant, and tax-advantaged investment plan suited to Portuguese regulations and future mobility.
Leaton Wealth implemented a Luxembourg-domiciled, Portuguese-approved life policy , with both spouses as lives assured . This structure offers cross-border portability , retaining tax efficiency if the couple later move to the UK or South Africa .
Using one of our cost-effective model portfolios , the plan delivers steady growth aligned with the client’s risk tolerance.
Tax advantages include:
No Portuguese income or capital gains tax while gains remain within the policy.
Withdrawals are taxed only on the growth portion .
If 35% of total premiums are paid within the first half of the policy term, partial exclusions apply:
After 5 years , 20% of income excluded (effective tax ≈ 22.4%).
After 8 years , 60% of income excluded (effective tax ≈ 11.2%).
These benefits ensure long-term tax efficiency , retirement flexibility , and a secure succession path for the family’s wealth.
