Taxes in spain

You are aware that to qualify for a visa to retire to Spain you will need to demonstrate a joint income of some €36,000?

The tax burden that might attract is not as simple to work out as it is in UK. For instance there is no marriage allowance as such and also you can choose whether to be taxed individually or as a couple depending on which works out to your advantage.

In the very broadest of terms and depending on the makeup for an income of €36,000 you might expect to pay something in the region of €8,000.

You will have to pay taxes on your world income and all fininacial assets wherever they may be as long as Spanish revenue has or gets knowledge of them

A couple of links that might give you more indepth information on Spainish taxation:

https://taxsummaries.pwc.com/spain/individual/taxes-on-personal-income

https://www.expatica.com/es/finance/taxes/taxes-in-spain-471614/

As someone has already mentioned if you are UK passport holders you will need a visa to live in Spain. The following links provides you with more information:

https://www.exteriores.gob.es/Embajadas/seul/en/ServiciosConsulares/Paginas/inicio.aspx

https://www.immigrationspain.es/en/spanish-residency-for-uk-citizens/

https://www.gov.uk/guidance/living-in-spain

You do not pay tax on financial assets per se, only on income derived from them such as interest on savings or dividends.

If you earn less than €15,000 a year in Spain then you are not taxed under the low income rules. The allowances and tax rates are for those earning over that amount and significant allowances are made for low earner incomes by adding 2000 euro on any low (under 21000) earnings. Marriage allowances are not simply added to your main allowance but applies to the second member of the household 

However, as pointed out, that income will not allow you to gain a visa in Spain as the minimum required for a non EU claimant is 28,800 euro per year for the first claimant and 7200 for any other members of the household. Even EU citizens must show an income of 7200 euro a year each. It's not saving that make up that amount but the income from those savings.

If your pensions are paid directly by the NHS, they remain taxable in the UK. You will need to declare in Spain, but not pay.

Rubbish. NHS taxes, unless you were working for a local council, are not taxable in UK. They are taxable in Spain even though HMRC often makes the mistake.

I have posted it several times but the HMRC handbook on pensions taxable in UK does not include the NHS pension. 

"National Health Service - paid by CAPITA, the Paymaster Generals Office or Scottish Public Pensions Agency (SPPA) NHSBA Non-Government Note 1

National Heath Service - paid by a Local Authority Government Note 3

I know this from personal experience as HMRC told me that the NHS pension was a government pension when it is not. I declared the NHS pension in Spain but as with tax deducted. Spanish tax office audited me and I had to pay back taxes for several years whilst still paying tax in UK. HMRC eventually admitted they were wrong but didn't compensate me for the full time I have been tax paying in Spain.

Please do not say NHS pensions are taxable in UK when they patently are not. If you are paying tax in UK on a NHS when not working for a local authority then I hope you don't get audited like I was as the fines added up.

I stand corrected. The people I know who pay their tax in the UK were, presumably, local authority paid.

This seems to be a sore point for you. Sorry for your loss.  

Hi and thank you for your quick response.. yes we are aware of visa requirements and are financially suited to the requirements.

We just wanted to know how the tax is calculated when one of you has very low income and the other higher ..