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Tax on UK pension

Posted: Mon Nov 30, 2020 2:36pm
4 replies112 views2 members subscribed
Mark6bw

Posts: 4

Joined: 24 Nov 2020

Hi  i hope someone can advise me.  I'm planning to move to Cadiz next week and will be applying for residency so i can stay for more than 6 months and hopefully buy a place - i'll be renting to start with.  I'm 60 years old and have an NHS pension

If i stay for more than 6 months and have residency status how does this affect my UK pension and tax if i'm in Spain with residency status?  Do i have to transfer my pension and pay tax in Spain.

I hope someone can help me on this.

bw

Mark

Carol33

Posted: Sun Dec 20, 2020 9:32am

Posts: 2

2 helpful points

Joined: 25 Aug 2019

Posted: Sun Dec 20, 2020 9:32am

Hi, my understanding is to pay tax on your pension in Spain. If u r resident here you complete a form for UK inland revenue which means you do not pay tax in UK also. I am still trying to find out if you just pay tax on the part of pension u have accessed as opposed to whole fund. If you find out please let me know! 

Tony77

Posted: Wed Dec 23, 2020 12:28pm

Posts: 4

1 helpful points

Joined: 5 Jul 2020

Posted: Wed Dec 23, 2020 12:28pm

You pay tax in Spain on your UK State Pension. I can put you in touch with the firm who organise it remotely for me, they are in Alicante but do everything by e mail.

You don't count the UK State Pension towards your UK Tax liability.

I pay about 800 euros a year. It's good to have the proof of tax residency when in due course you apply for Permanent Residence after 5 years.

Tony

Tony77

Posted: Wed Dec 23, 2020 12:29pm

Posts: 4

1 helpful points

Joined: 5 Jul 2020

Posted: Wed Dec 23, 2020 12:29pm

You pay tax in Spain on your UK State Pension. I can put you in touch with the firm who organise it remotely for me, they are in Alicante but do everything by e mail.

You don't count the UK State Pension towards your UK Tax liability.

I pay about 800 euros a year. It's good to have the proof of tax residency when in due course you apply for Permanent Residence after 5 years.

Tony

Tony77

Posted: Wed Dec 23, 2020 12:30pm

Posts: 4

1 helpful points

Joined: 5 Jul 2020

Posted: Wed Dec 23, 2020 12:30pm

Tony77 wrote on Wed Dec 23, 2020 12:29pm:

You pay tax in Spain on your UK State Pension. I can put you in touch with the firm who organise it remotely for me, they are in Alicante but do everything by e mail.

You don't count the UK State Pension towards your UK Tax liability.

I pay about 800 euros a year. It's good to have the proof of tax residency when in due course you apply for Permanent Residence after 5 years.

Tony

Private pensions on which you pay UK tax are not taxable in Spain

T

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