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Pension tax - Page 3

digger279

Posted: Mon Jun 29, 2020 2:01am

Posts: 19

12 helpful points

Location: Los Alcázares

Joined: 4 Feb 2019

Posted: Mon Jun 29, 2020 2:01am

PeterC wrote on Sun Jun 28, 2020 11:29pm:

If you don't have complications like rental income you only have to put income into one or two boxes. The tax on assets outside Spain is dealt with separately using Form720, and wealth tax only starts with income over €750,000. Anyone can access the Agencia Tributaria website and fill in trial ...

...declarations - it needs the Clave system or a Digital Certificate and lots of the site is in English. If anyone lives in Spain and cannot manage to understand the system using Spanish and English they deserve to pay too much tax.

As I said I only have a normal state pension and a works pension. The works pension isn't a huge amount just over £8k. No wealth tax and nothing to declare for modelo 720 in any of the 3 categories. I have an electronic certificate and sorted the cl@ve registration. Can see what data they have for me but unable to see what my gestor has filed on my behalf.

I came over to Spain just over a year ago. On my own not knowing a soul apart from an estate agent who arranged my rental. Spent a few months sorting NIE, bank account,padron, health, residencia (had help with that), S12, doctor and driving licence. All of that was quite an experience especially if you are turned away on a whim as you hadn't got an extra bit of paperwork you weren't told about when checking prior requirements.

I am learning Spanish and to be honest found the Tax Agency website a bit confusing. I wasn't aware of the trial declarations part and would have had a crack had I known. Just thought I would employ a gestor first time round and once she lets me have sight of the return I will have something to work off.

Thanks to all for the help and pointers.

oink

Posted: Mon Jun 29, 2020 4:06am

oink

Helpful member

Posts: 150

83 helpful points

Location: Camposol

Joined: 20 Jun 2018

Posted: Mon Jun 29, 2020 4:06am

pm jim, on jims guides, he may help, gives best advice on here.but sounds like gestor hasnt added up all allowances, 

your tax bill  would be correct ,if he just put basic allowance. as you have roughly 17k minus basic allowance ,

which  would take you down to 10k mark, then this would be taxed , which would be roughly 2k,which would be 166e monthly which is in the ballpark figures you mention. but im no expert, but sure jim would tell you that you have another 2k allowance then earnings related allowance of 5k which wld bring tax allowance to near 13k which would give you tax owed @ 65e month obviousy these are rough figures ,estimates, but gives idea of tax you should be paying, but join the sister forum costablanca , chat to jim he will explain in detail 

Tomxv

Posted: Tue Jun 30, 2020 12:01pm

Posts: 48

14 helpful points

Location: Camposol

Joined: 27 Jun 2017

Posted: Tue Jun 30, 2020 12:01pm

oink wrote on Wed Jun 24, 2020 10:35am:

you shouldnt be paying any tax on state  pension, see jims  guides,he may even do yr tax return,for small fee, 

if no tax to pay then dont fill in any more, dont get stung by sols, jim will keep you right ,

Would love Jim to do my tax return, where can i reach him . I too have only a state pension and two small other pensions.

oink

Posted: Wed Jul 1, 2020 3:04am

oink

Helpful member

Posts: 150

83 helpful points

Location: Camposol

Joined: 20 Jun 2018

Posted: Wed Jul 1, 2020 3:04am

Tomxv wrote on Tue Jun 30, 2020 12:01pm:

Would love Jim to do my tax return, where can i reach him . I too have only a state pension and two small other pensions.

join costa blanca forum, he has big guide advertised,or on righthand side of this page lol

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