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Tax on pension - Page 2

Cat47

Posted: Wed Apr 29, 2020 1:40pm

Cat47

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Location: Camposol

Joined: 24 May 2019

Posted: Wed Apr 29, 2020 1:40pm

PeterC wrote on Wed Apr 29, 2020 11:38am:

https://www.agenciatributaria.es/

Change the language to English at top right.

Been trying on this website but can’t get past entering the last five digits of my bank account. It keeps looping on me. Not your problem I know but don’t know if it’s temporary one on the website. 

PeterC

Posted: Wed Apr 29, 2020 2:27pm

PeterC

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Posted: Wed Apr 29, 2020 2:27pm

Like all Spanish government websites it can be flaky - they are not good at renewing digital certificates so can get snarled up by browser filters. Try a different browser, or just at a different time. It being in the tax declaration period the site may be busy. I just tried and got straight in, using Chrome.

Cat47

Posted: Wed Apr 29, 2020 2:44pm

Cat47

Original Poster

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Posts: 443

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Location: Camposol

Joined: 24 May 2019

Posted: Wed Apr 29, 2020 2:44pm

PeterC wrote on Wed Apr 29, 2020 2:27pm:

Like all Spanish government websites it can be flaky - they are not good at renewing digital certificates so can get snarled up by browser filters. Try a different browser, or just at a different time. It being in the tax declaration period the site may be busy. I just tried and got straight in, ...

...using Chrome.

Thanks Peter for taking the time to reply.  

Paul01

Posted: Wed Apr 29, 2020 6:11pm

Posts: 11

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Location: Camposol

Joined: 20 Aug 2019

Posted: Wed Apr 29, 2020 6:11pm

Hi 

Have you checked out Jim's tips?  He may have this item covered.  I recall seeing some information that stated that Britain has an arrangement with the Spanish Government that means if you pay tax on your Pension in the UK then you don't pay tax again on this income.

crissywissy

Posted: Wed Apr 29, 2020 6:19pm

crissywissy

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Posted: Wed Apr 29, 2020 6:19pm

yes thats true but state pension is only taxed in Spain....you can reclaim any tax paid in error in the UK as soon as Spanish tax has been paid.

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Cat47

Posted: Wed Apr 29, 2020 6:34pm

Cat47

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Posts: 443

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Location: Camposol

Joined: 24 May 2019

Posted: Wed Apr 29, 2020 6:34pm

Paul01 wrote on Wed Apr 29, 2020 6:11pm:

Hi 

Have you checked out Jim's tips?  He may have this item covered.  I recall seeing some information that stated that Britain has an arrangement with the Spanish Government that means if you pay tax on your Pension in the UK then you don't pay tax again on this income.

Sorry. Where do I find Jim’s tips please? Just googled it and got a site but don’t think it was what you’re referring to. 

Beecherk

Posted: Wed Apr 29, 2020 6:41pm

Posts: 13

3 helpful points

Location: Condado de Alhama

Joined: 15 Dec 2019

Posted: Wed Apr 29, 2020 6:41pm

Hi all 

What kind of percentage would you pay on your private and state pensions. We have a apartment on Condado up the road and we have been planning to come over to Spain for 9 months of the year. Any ideas what the pit falls are. 

Kevin 

Roland

Posted: Wed Apr 29, 2020 7:42pm

Roland

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Posted: Wed Apr 29, 2020 7:42pm

Cat47 wrote on Wed Apr 29, 2020 6:34pm:

Sorry. Where do I find Jim’s tips please? Just googled it and got a site but don’t think it was what you’re referring to. 

At the top left of your screen Menu.

Click on this and about half way down you will see Jim's Guides.

Click on that.

Will60

Posted: Wed Apr 29, 2020 8:54pm

Will60

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Posted: Wed Apr 29, 2020 8:54pm

Beecherk wrote on Wed Apr 29, 2020 6:41pm:

Hi all 

What kind of percentage would you pay on your private and state pensions. We have a apartment on Condado up the road and we have been planning to come over to Spain for 9 months of the year. Any ideas what the pit falls are. 

Kevin 

No way to estimate your % without detailed numbers.

In general, if you receive state pension PLUS a private/company pension, you will pay more tax in Spain than in the UK.

If you apply for/are granted Residency in Spain, you can stay for more than 90 days at a time (this is the rule now, but it is widely ignored - after Brexit Transition-end, you will only be able to be in the EU for 90 days in any rolling 180 day period).

If you are in Spain for >6 months in any year, you become tax-resident (although there are some wrinkles regarding timing/reconciliation of taxes between UK and Spain).

If you are tax resident, you need to declare your world-wide wealth (property, company shares, private pension pots, savings accounts) etc. If are lucky enough to be wealthy, a tax is levied on your wealth. I think the threshold for "wealthy" is around 700k Euros, but I'm not wealthy enough to find out. 

Beecherk

Posted: Wed Apr 29, 2020 9:03pm

Posts: 13

3 helpful points

Location: Condado de Alhama

Joined: 15 Dec 2019

Posted: Wed Apr 29, 2020 9:03pm

Will60 wrote on Wed Apr 29, 2020 8:54pm:

No way to estimate your % without detailed numbers.

In general, if you receive state pension PLUS a private/company pension, you will pay more tax in Spain than in the UK.

If you apply for/are granted Residency in Spain, you can stay for more than 90 days at a time (this is the rule now, but it is widely ignored - after Brexit Transition-end, you will only be able to be in the EU for 90 days in any rolling 180 day period).

If you are in Spain for >6 months in any year, you become tax-resident (although there are some wrinkles regarding timing/reconciliation of taxes between UK and Spain).

If you are tax resident, you need to declare your world-wide wealth (property, company shares, private pension pots, savings accounts) etc. If are lucky enough to be wealthy, a tax is levied on your wealth. I think the threshold for "wealthy" is around 700k Euros, but I'm not wealthy enough to find out. 

Hi will 

Thanks but I am not that wealthy I am Irish but live in the uk and my wife is English so it’s going to be interesting going forward. 

Kevin 

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