Checklist

Before you go

Start planning practicalities at least a year in advance.

Plan your finances with a couple of possibilities in mind.

Structure your finances so they are tax efficient.

Seek out financial and legal advice in both countries.

Check out relevant publications through Amazon.co.uk

Questions that might be overlooked

What kind of healthcare or cover will be available to you?

Is the political situation stable enough to invest in property?

Will you be able to afford to fly home off-season?

How will currency fluctuations affect you?

How will you spend your time?

Tax checklist

Work out the residence option that suits your finances and your lifestyle.

You can remain an Irish resident and spend up to six months abroad, or change your residence to the other country or become non-resident anywhere.

Your tax liabilities depend on your residence, the nature of the income or assets involved and the provisions of the Double Taxation Agreement between the two countries, if there is one. Seek the help of a financial adviser to work out tax opportunities and arrangements for you.

Seek advice on when to realise capital gains and use up all outstanding allowances and exemptions.

Update your Irish will and make a second will to cover your assets in your new country of residence.

Leave open the option of returning to Ireland and find out how your pension will be taxed in the retirement country.