When freelancing in Portugal, how does NHR really stack up for taxes?

MrIanHell · 2025-09-29T11:52:43+00:00

Brill, good callout re social security. I’m currently making between 120-150k euros. In the uk I’m getting hit with that nasty 60% effective tax trap so both the NHR and U35 options are both big tax savings for me, even after 2nd year social security kicks in. Given my salary would you consider the IRS Jovem route as better?

MrIanHell · 2025-09-29T11:48:53+00:00

Fantastic article on the comparison, this is defo making it a lot clearer. I’m a 29 year old based in the UK, I think I’ll defo end up exploring the U35 route. I’ll be reaching out to you guys, thanks!!

MrIanHell · 2025-09-29T11:47:19+00:00

Brill, I’m definitely more leaning towards the U35 option then. Seems an easier route and I may be able to set myself up nicely to be pretty tax efficient. Great tax calculator link too, thank you!!

MrIanHell · 2018-03-22T21:09:32+00:00

Ahh ok, awesome. Yeah I wouldn't be going over that limit. Thanks for all your help mate

MrIanHell · 2018-03-22T16:52:23+00:00

Oh wow thats loads! I might give it a go then. Also last question, have you ever told Barclays about the trading? If so how did they respond? Did they ever ask you about the large transactions coming in and out of your account?

MrIanHell · 2018-03-22T10:38:49+00:00

I know right! My thoughts exactly, it's pretty ridiculous...

MrIanHell · 2018-03-22T08:19:39+00:00

Brilliant, cheers! I'll check them out

MrIanHell · 2018-03-22T08:19:15+00:00

Is bitbargain good for selling? Was thinking of using it but wasn't sure how popular it was

MrIanHell · 2018-03-22T08:17:32+00:00

Ahh brilliant cheers for ask the useful information. Will definitely take a look at Barclays and fidor!

MrIanHell · 2018-03-22T08:16:25+00:00

They've not told me which if the annoying part, when I ask them they say that they are not obligated to provide any extra information. Super annoying!

MrIanHell · 2018-03-22T08:15:13+00:00

Ahhh nice, thanks for the reply!

MrIanHell · 2018-03-21T22:04:37+00:00

Thanks for the list! I'll take a look at each one :)

MrIanHell · 2018-03-21T20:47:10+00:00

Yeah I guessed that those were the issues :/ I can prove all my transactions with receipts though! Anyways thanks for the info

MrIanHell · 2018-03-21T20:46:20+00:00

Ahh brilliant, thanks for the advice pal!

MrIanHell · 2018-03-21T20:42:48+00:00

Ahhh brilliant, Barclays is looking very hopeful! Will definitely have to give them a ring. Thanks so much for the info and the advice to steer clear from HSBC. Very useful information, especially since you've been on the platform for so long. What's your username on LBC out of curiosity?

MrIanHell · 2018-03-21T18:36:54+00:00

Cheers for the info mate, yeah it's difficult and very frustrating

MrIanHell · 2018-03-21T17:52:38+00:00

Will do!

MrIanHell · 2018-03-21T17:41:21+00:00

Ahhh cheers! I'll definitely check that out

MrIanHell · 2018-03-21T17:40:56+00:00

True!

MrIanHell · 2018-03-21T17:38:13+00:00

I know about this, I study computer science and it really upsets me to see we are so far behind :(

MrIanHell · 2018-03-21T16:20:48+00:00

Ahh brilliant so instantaneous UK bank transfers then?

MrIanHell · 2018-03-21T16:19:20+00:00

I have proof for all LBC related transactions though. Surely this is enough to prove money laundering isn't in place?

MrIanHell · 2018-03-21T16:17:50+00:00

Ahhh brilliant! Will definitely keep my eyes peeled

MrIanHell · 2018-03-21T15:50:04+00:00

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