Hi,
My wife and I are planning to go travelling abroad for maybe up to 4 years or so, partly funded from sale of our house and also from a compensation claim. Long term plan is to possibly move to Oz, but we would probably end up living back in UK for about a year before this. During these 4 years away, we would return here every few months to visit relatives and would probably do some occasional work.
Are there any considerations to bear in mind with regards to not paying income tax/national insurance for this time (apart from the occasional work and tax on savings)? How would this affect our state pensions long term (were we to stay in the UK)? We've got occupational pensions which will be frozen.
Thanks for any help.....
Terry.