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Hi
If I was resident in Spain apparently every year I have to do tax form where I have to state worldwide assets, I have a personal pension which has drawdown facilities this would be my only source of income in Spain so my question . Do I pay tax on my pension pot and how much ?
Thanks
Posted: Mon Aug 5, 2019 1:17pm
Super helpful member
Tax amount depends on your overall gross income and your personal circumstances and is somewhere inbetween 0 and 45 %. Usually one gets away with 24% or even less.
Posted: Mon Aug 5, 2019 2:18pm
Legendary helpful member
Impossible to answer without knowing your age and how much you intend to draw. However, if you're 65 or over and less than 75, then you could draw up to €14265 before you start paying tax.
See also my tax guides in:
Jim's guides - your complete guide to Spain
Posted: Mon Aug 5, 2019 2:22pm
jimtaylor wrote on Mon Aug 5, 2019 2:18pm:
Impossible to answer without knowing your age and how much you intend to draw. However, if you're 65 or over and less than 75, then you could draw up to €14265 before you start paying tax.
See also my tax guides in:
Read more...
Evening Jim, Colin looks a young pup - what would be the most he could get before tax paid if he were 55, please? :)
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Posted: Wed Aug 21, 2019 4:30am
Legendary helpful member
That's more difficult to answer.
There's a personal allowance of €5550, and if someone is living on savings only then that's the tax free limit.
Provided the person has earnings related income, then there are further allowances of €2000, and up to €5565, making a total of €13115.
Posted: Mon Apr 5, 2021 2:28pm
I have a Civil Service Pension and have heard that I will be taxed on that in Spain, however because it’s a Civil Service Pension I’ve also heard that if you reside in Spain you are taxed in Spain, however won’t be double taxed by the UK due to some agreement between both countries? Can anyone confirm if this is the case or where I can obtain further information on this subject matter?
Posted: Tue Apr 6, 2021 10:54pm
StevieP wrote on Mon Apr 5, 2021 2:28pm:
I have a Civil Service Pension and have heard that I will be taxed on that in Spain, however because it’s a Civil Service Pension I’ve also heard that if you reside in Spain you are taxed in Spain, however won’t be double taxed by the UK due to some agreement between both countries? Can any...
Read more...
...one confirm if this is the case or where I can obtain further information on this subject matter?
Civil service pay tax to UK only
Posted: Wed Apr 7, 2021 10:01am
Helpful member
If I civil servant pension and a civil servant disability pension both tax paid at source, and a state pension.
Do I not declare the civil pensions and only pay tax on the state pension.
Posted: Wed Apr 7, 2021 5:34pm
rds1234 wrote on Wed Apr 7, 2021 10:01am:
If I civil servant pension and a civil servant disability pension both tax paid at source, and a state pension.
Do I not declare the civil pensions and only pay tax on the state pension.
Tax on state pension only
