Lapsed subscription

Hi, I have been subscribing to teams for several years.

I need to save some money so I have decided not to renew this year, but will most likely be back next year.

I have not done this since the subscription model started, so my questions are 1) will all my existing adobe products still work the same (even though I won't be able to update them this year) and 2) When I resume my subcription will it just be like switching it back on or is there some kind of re-application process

These are probably fairly basic questions but I can't immediately see answers to them

Thanks