What it really costs to move to Portugal: Your pension and savings go a LOT further - and you'll pay less tax
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With a career in the Royal Navy and the Ministry of Defence, Peter Reynolds and his wife Karen were used to moving house. While Peter hails from Scotland, the couple lived in Portsmouth and Eastleigh with postings to Hong Kong and Gibraltar. And when it came to retiring, they knew they wanted to settle abroad. After many happy holidays in Portugal's Albufeira, they found a rustic property 15 minutes inland of the Algarve's biggest tourism resort.
![[In 2022, the couple found a four-bedroom rustic property 15 minutes inland of the Algarve's biggest tourism resort, which they bought for €330,000 (£278,000)]](https://i.dailymail.co.uk/1s/2024/07/01/08/86730141-13583091-In_2022_the_couple_found_a_four_bedroom_rustic_property_15_minut-a-2_1719817557602.jpg)
One of the advantages is that in the restaurants of their village, Cerro do Roque, they are typically surrounded by local workers rather than tourists. When they tuck into bread and olives, followed by piri piri chicken or pork and clams washed down with a beer or a glass of local vinho verde, that menu do dia (menu of the day) costs just €10-12.
![[The house has a small swimming pool surrounded by a large garden of fig, almond lemon and loquats trees]](https://i.dailymail.co.uk/1s/2024/06/29/15/86730145-13583091-The_house_has_a_small_swimming_pool_surrounded_by_a_large_garden-m-8_1719671858962.jpg)
In 2022, the couple fell in love with a four-bedroom quinta – or rural house – with a small swimming pool surrounded by a large garden of fig, almond lemon and loquats trees that they bought for €330,000 (£278,000), less than they received for the sale of their four-bedroom house in Eastleigh, Hampshire.
![[Karen, 64, who used to run the family hair and beauty salon, Classic Cuts, says she and Peter live a 'comfortable life' in Portugal]](https://i.dailymail.co.uk/1s/2024/06/30/11/86730135-13583091-Karen_64_who_used_to_run_the_family_hair_and_beauty_salon_Classi-a-1_1719744996724.jpg)
Peter Reynolds and wife Karen knew they wanted to settle abroad in their retirement and after many holidays in Portugal's Albufeira, they decided to move there. In 2022, the couple found a four-bedroom rustic property 15 minutes inland of the Algarve's biggest tourism resort, which they bought for €330,000 (£278,000).
![[Peter and Karen hope to enjoy many more years in their new Portuguese home. They both love pottering in the garden and heading to the beach]](https://i.dailymail.co.uk/1s/2024/06/29/15/86730137-13583091-image-a-6_1719671628866.jpg)
