Having extracted myself from Portugal and started the process of moving back to the U.K. permanently I'm finding myself a little financially challenged in terms of my liquid funds....
There's quite a few expenses I'm having to meet...
Firstly there's getting the car re-imported, which while tax free is still going to cost me at least £1000 I'm estimating....
I had to spend £200 on a European Certificate of Conformity (ECOC) for starters which basically just proves that the car met EU standards when it was first manufactured, and then there's the £100 admin fee for the DVLA when I fill that form in.
On top of these to processual fees there's also getting my lights changed back to left dipping lights, but at least this is just the labour costs as I have the old lights, and then the cost of a service and an MOT, although the later two are things i would have got anyway.
Then I need to factor in the cost of new brakes, I'm 90% I'm sure I'll need these and maybe tyres (50-50 on these, they might be legal still) and finally getting my plates fitted (probably going to be at least £70) and then insurance for the year which ideally I'll pay in one got (£350 at a guess).
At least it's not the re-importation that's significant, it's just regular car fees for the most part, unfortunately due when a lot of other stuff is too.
I'm actually sticking all of the above on my Credit Card for now, and doing a 12 month interest-'free' transfer deal for a one of charge of just under 3% - worth it!
(Worse case scenario, I've got stables ring fenced to pay this off next year!)
Secondly I've got a tax bill coming up - i've paid my Portuguese tax bill for 2021 but I need to pay my UK taxes for the same period (on my rental income) and I MIGHT just pay tax on the 2022 section of my income to the UK authority as it just makes next year's tax easier to manage, i.e. I won't need to do another Split tax return in June next year and pay two accountants for the privilege.
Then there's the new flat I'll be renting...
I've also decided to rent a nice basement flat in Ramsgate - for £900 a month, so for the deposit and first month's rent that's a whopping £1800 going out of my account - I think that's the seventh largest amount ever that'll be going out of my account in one go - after my previous three house purchases, land and two car purchases.
NB that £900 includes all bills and council tax, which would cost me around £300 - so I'm effectively getting my own flat for £600 and it's nice and in a nice area, an absolute bargain for the area, believe it or not!
The 'challenge' for me comes in the form of looking at my main bank account - there's just under £2100 in it ATM and so that'll leave me with just £300 after those costs, and then I'm relying on the money from my rental agency to cover the mortgage and house insurance debit for my house in Hereford.
NNB I'm used to having a £1000 buffer which I'm eating into - the deposit pretty much, but I'm having to let that go.
NNNB It's not all that bad....
I've got a few hundred squid in cash to buy me food and beer for the rest of September and enough EUs and money in my Portuguese bank account to cover HiveFest expenses - mainly the Eurostar back and the hop over from Belgium.
And I do have savings I could transfer over too.
And there's money going in the main account everyday from my main job, but even so it's been decades since I've not had a buffer of over £!000 in my main account.
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Hahahaha