Quote:
Originally Posted by mtismee
A good question!
This man will answer that,
Stephen has been most helpful in a very large way.
Drop him a line and then please post the answer as I am not a financial expert and cannot give a definitive answer. Or preferably - send me an email to. mtismee@gmail.com
I elected to pay my taxes in Spain as this is now my main residence.
My thoughts are that it is tax free from the UK.
But will Spain see it as an income - or - As capital released? Which has all ready been taxed?
A can of worms perhaps, but a good question worth an answer
.
Thanks for that. malc |
A civil service pension is taxable in the UK.
A private pension or state pension is taxable in your country of residence, and that would include any tax free sums that might have been tax free in the UK but aren't in Spain.
So if you manage to get release of a UK pension tax free in the UK, I strongly suspect that the Spanish authorities will see that as income and tax accordingly.
There's nothing as certain as death and taxes
