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Posted: Sun Apr 25, 2021 10:14pm
Very helpful member
michael1957 wrote on Sun Apr 25, 2021 9:03pm:
If you are resident you will also pay more in income tax then in the ik as the personal allowance is a lot lower
Cars are also mire expensive to buy
What income tax should i expect to pay as living off saving till pension kick in, no intention to working, but would like to get involved in Charity to help less well off expat as I guess there would be some organisations out there
Posted: Sun Apr 25, 2021 11:24pm
Sligogent wrote on Sun Apr 25, 2021 10:14pm:
What income tax should i expect to pay as living off saving till pension kick in, no intention to working, but would like to get involved in Charity to help less well off expat as&nbs...
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...p; I guess there would be some organisations out there
It would only be when your pension starts if it is over the personal allo
michael1957 wrote on Sun Apr 25, 2021 11:24pm:
It would only be when your pension starts if it is over the personal allo
Even the basic state pension is taxable in spain the allowance is only 6900 e approx per person
Posted: Mon Apr 26, 2021 1:02am
Very helpful member
Pacoboy wrote on Sun Apr 25, 2021 11:27pm:
Even the basic state pension is taxable in spain the allowance is only 6900 e approx per person
It's not quite as simple as that. Speak to a tax advisor in Spain. There is a basic allowance then various add on allowances. Not as good as UK allowances but under various circumstances works out around 8k. There is also another way of working out a couples allowance so your advisor would tell you which would be most beneficial.
Posted: Mon Apr 26, 2021 3:34pm
Helpful member
Sligogent wrote on Fri Apr 23, 2021 3:46pm:
Thanks for talking time to reply as it interest me to know the cost of living in Spain, I would have a pension of 280e and willing to put 60e a week toward&nbs...
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...p; it, a figure of 350 a week is maximum for me, i would own a property outright, i am not a pub person but would like to dine out 1 or 2 a week, Would that figure be tight to live on, Electricity Water Insurance I Internet phone not sure about a car just yet,
If you live full time in Spain, do you mind if I ask how you spend time in July August heat
Hi - re the eating out aspect, which I am not sure if this have been covered as yet...we are finding that it is very low cost (or can be without forfeiting quality) using the Menu del Dia's. A friend over in Sax and I have a bit of a challenge running as to finding yet another. J and I ate out at Don Caminos (Spanish) in Agost with several course last week for 10 Euro per person which included a half bottle of wine.
The Indian restaurant in Hondon 9.95, Tipsy Terrace 15 euro...but boy, great choice...Belgique / european menu, the Chinese place in Sax 6.95pp...over this last month.
Location is sure to play a hand...we are 30 km inland from Alicante.
Enjoy this life. Wish you well.
D (&J)
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