JOIN OUR FRIENDLY COMMUNITY
Learn from the experiences of other expats and make new friends in our disccussion forums and Facebook groups

READ OUR GUIDE TO MOVING ABROAD
The Expat Focus Guide to Moving Abroad contains everything you need to know when planning an international relocation available now, completely free

COMPARE QUOTES AND SAVE MONEY
Insurance, FX and international movers

LISTEN TO THE EXPAT FOCUS PODCAST
The Expat Focus podcast features interviews with expats living abroad and service providers meeting their needs subscribe today!

EXPERT FINANCIAL ADVICE & SERVICES
From our tax, investment and FX partners

Expat Focus Partners

Become a Partner. Click Here.

Pension tax free lump sum

Discussion forum for expats moving to or living in Spain.

Reply to topicReply to topic
Forum FAQSearchView unanswered posts
 
  
Pension tax free lump sum

Post Posted: Fri Jun 30, 2006 3:01 pm

Forgive me for posting to multiple fora, but I really need an answer to this today:

If I am fiscally resident in Spain at the time I start receiving my (non-government, not annuity based) pension, will any "tax free" lump sum be taxed?

 

RMCG
Newbie
Newbie
 
 
  
Re: Pension tax free lump sum

Post Posted: Sun Jul 02, 2006 11:34 pm

Sorry I've been away so hence the late answer. If you are a Spanish resident you will be subject to Spanish Tax laws and therefore your hiterto tax free lump sum if received in the UK will become taxable so I understand in Spain at standard rates. The only difference is if you have a Civil Service / Government pension and this will always be taxed in the UK

 

Mitzyboy
Forum Legend
Forum Legend
 
 
  
Re: Pension tax free lump sum

Post Posted: Mon Jul 03, 2006 2:12 pm

That's what I thought. Never mind, I've now taken the option that allows me to take the lump sum - or not, depending on circumstances at the time.

 

RMCG
Newbie
Newbie
 
 
Page 1 of 1






Expat Health Insurance Partners


Cigna Global

Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.




Copyright © 2019 Expat Focus. All Rights Reserved. Use of this website signifies your agreement to the Terms of Use/Privacy Policy. Comments are property of their posters.
Interactive software released under GNU GPL, Code Credits, Privacy Policy