Hi everyone,
My name is Steve and my partners name is Emma. We are coming out to La Marina in October to meet up with the Barclays estate agent to hopefully purchase a property to live in permanently. We visited earlier this year and absolutely loved it, so we selling up and coming to live our dream in the sun. We have our bank account and NIES's sorted already and I have an independent advogardo to assist me in my purchase. I'm taking early retirement from the civil service at 56 year and 5 months and I'm hoping the pension they are giving me will be enough for us both to live on ( £16,000) without the need to go into our savings ? I believe I will get taxed on my civil service pension at home so will not be liable for any further deductions in Spain, is this correct ? As my pension is our only source of income for now, do I need to declare it on the yearly tax returns ?
Sorry for all the questions guys, but I'm someone who likes to plan in advance and be aware of what is in front of me.