🇵🇹 Retire abroad
Retire in Portugal, priced from a Norwegian plan
Portugal remains a favourite even after the famous NHR regime closed to new retirees: a flat 28 percent on investment gains, no wealth tax, and everyday costs well below Norway's. Runway models the standard rules a new arrival would actually face in 2026, not the closed regime.
What Runway models in Portugal
- A flat 28 percent on realised investment gains
- No wealth tax on your portfolio
- Long-term residential lease income at the reduced 10 percent flat rate
- The old NHR pension holiday is deliberately NOT assumed: it closed to new applicants, so Runway prices the rules you would really get
| Tax area | What Runway applies (2026) |
|---|---|
| Investment gains | 28% flat |
| Rental income | 10% flat (long-term residential lease) |
| Wealth tax | None modelled |
| Leaving Norway | Exit tax (utflyttingsskatt) priced into the move |
The move itself is part of the price
A move to Portugal is never just Portugal's tax rules. Leaving Norway with unrealised gains can trigger the exit tax, as if you sold on the way out, and Runway prices that into the plan before a single EUR of spending is modelled. The mechanics are in what the exit tax costs when you leave Norway, and the wider tooling question in which FIRE calculators handle a move abroad.
Once you are there, your spending runs in EUR through an exchange-rate scenario you control, so a weak krone decade is a plan you can stress, not a surprise.
Price the whole move, not the postcard
Runway prices a retirement in Portugal end to end from your Norwegian plan: the exit tax on the way out, Portugal's taxes on the drawdown, and your spending in local currency. Your freedom age is free. The app launches on the App Store on 25 August 2026, and the beta is open now.
Runway prices a retirement in Portugal end to end from your Norwegian plan: the exit tax on the way out, Portugal's taxes on the drawdown, and your spending in local currency. Your freedom age is free.
Try the beta on TestFlight Download free on the App StoreFrequently asked
What tax does Runway assume on investment gains in Portugal?
Runway applies Portugal's flat 28 percent to realised investment gains and the reduced 10 percent flat rate to long-term residential lease income, with no wealth tax. The figures are 2026, income-year-stamped, and refreshed as rules change.
Do I still pay Norway's exit tax if I retire to Portugal?
Yes. Leaving Norway with unrealised gains can trigger utflyttingsskatt, and Runway prices it into every plan that retires to Portugal, as a cost of the move, before the destination's own rules take over on the drawdown.
Does Runway assume Portugal's NHR regime?
No. NHR closed to new applicants (its successor targets employment income, not pensions), so Runway deliberately models the standard 2026 rules instead of a regime a new retiree can no longer join. If the rules change again, the pack's yearly refresh picks it up.
Figures are 2026, income-year-stamped estimates from the Runway country pack for Portugal, produced by the same engine the app runs. They are educational estimates, not financial or tax advice: rules change, and personal cases differ. See the full country list.