Is my state pension taxable
Posted: Fri Jul 10, 2020 7:04pm
With the Spanish Tax allowance only fixed at £5500 per year, will I be taxed on my UK state pension when I get my recidency?
"Worried"
Nigel
Yes but roughly speaking you will only start to pay tax when your income exceeds around €10,000
Movingon wrote on Fri Jul 10, 2020 7:54pm:
Yes but roughly speaking you will only start to pay tax when your income exceeds around €10,000
But if the thresh hold is 5500 Euros how is this so? The Spanish tax man is aware of your income because HMRC share info with europe.
If you click on Jim's Guides in a tab at the top of the page there is a section on tax.
Posted: Sat Jul 11, 2020 6:17am
Legendary helpful member
It's a common misconception that you only get the personal allowance. Look at: