In the context of looking towards being in Spain with a non lucrative visa and in receipt of pensions, have looked at the personal allowances in Spain ...... eek
Posted: Fri Mar 5, 2021 4:51pm
Helpful member
... and the tax rates aren't pretty either
Will60 wrote on Fri Mar 5, 2021 4:51pm:
... and the tax rates aren't pretty either
Actually I think I must have read old information. From something else I’ve just read, the allowances are very similar to ours. It’s mind boggling.
Posted: Fri Mar 5, 2021 8:02pm
Helpful member
Scallywag wrote on Fri Mar 5, 2021 6:53pm:
Actually I think I must have read old information. From something else I’ve just read, the allowances are very similar to ours. It’s mind boggling.
This page looks about right for Spain
This is the UK
In general, tax is paid at a higher rate in Spain, with lower allowances.
My wife and I pay (between us) around 70% more tax in Spain than in the UK.
In addition, there is a delay between the date on which you become liable for income tax in Spain and the date you get out from the UK system. For a period of time, you will pay tax in both countries in parallel. This is a cash flow pinch-point. We await refund of our UK tax back to 1/1/19.
My advice is to get a professional tax assessment before parting with lots of money on the visa process.
Posted: Sat Mar 6, 2021 8:56am
Super helpful member
Overall its still cheaper to live here and the benefits far outweigh any negatives.....
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Posted: Sat Mar 6, 2021 2:39pm
crissywissy wrote on Sat Mar 6, 2021 8:56am:
Overall its still cheaper to live here and the benefits far outweigh any negatives.....
Depends how much your tax bill is,
Posted: Sat Mar 6, 2021 4:05pm
Super helpful member
well its proportionate to your income ...even with higher tax bill you’ll have plenty left!!
Posted: Sat Mar 6, 2021 8:14pm
Super helpful member
IMHO everything except council tax (IBI) is more expensive in Spain than the UK.
PeterC wrote on Sat Mar 6, 2021 8:14pm:
IMHO everything except council tax (IBI) is more expensive in Spain than the UK.
I totally agree with you Peter, sick of people going on about how much cheaper everything is. I returned to Uk (non resident) my fruit and veg shopping was cheaper than the local shops, even the market not so much cheaper and potatoes half the price in Uk. Funny how people talk about the high cost of council tax in UK but then pay as much or even more in private health insurance?
Regards
Pauline
paulsav wrote on Sun Mar 7, 2021 11:25am:
I totally agree with you Peter, sick of people going on about how much cheaper everything is. I returned to Uk (non resident) my fruit and veg shopping was cheaper than the local shops, even the market not so much cheaper and potatoes half the price in Uk. Funny how people talk about the high cos...
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...t of council tax in UK but then pay as much or even more in private health insurance?
Regards
Pauline
You are right Pauline. Maybe we are naive but our health insurance is €200 per month with DKV to gain residency. Electric and water is dearer. We’ve been here just over a year and so far it’s definitely not cheaper.
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