british state pension
Posted: Wed Apr 7, 2021 12:31pm
good morning all im going to be moving to spain permanently very soon so im wondering does the current EU situation effect me having my british sate pension paid into a spanish bank account.
Posted: Wed Apr 7, 2021 5:22pm
Helpful member
Hi Gary
Here are two websites to help you
https://www.healthplanspain.com/blog/expat-tips/1082-residency-visas-spain.html
Good LuckNigel
Thanks nigel
Hi Nigel
just one thing and I’m not sure you can help and your post is very informative and just what we have been looking for in regards to our proposed retirement to Spain.
do you know if only one person needs to apply for the Non lucrative Visa as it states
You may bring your spouse and dependent children with you.
I’m not sure if both of us need to apply or just myself.
John
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Posted: Sun Apr 11, 2021 11:03am
Helpful member
cjoncamp wrote on Sun Apr 11, 2021 10:53am:
Hi Nigel
just one thing and I’m not sure you can help and your post is very informative and just what we have been looking for in regards to our proposed retirement to Spain.
do you know if only one person needs to apply for the Non lucrative Visa as it statesRead more...
You may bring your spouse and dependent children with you.
I’m not sure if both of us need to apply or just myself.
John
Hi John
It looks like each family member has to complete a separate application for this type of visa. See link to pdf document
Good Luck
Nigel
Posted: Sun Apr 11, 2021 5:29pm
Helpful member
https://www.gov.uk/state-pension-if-you-retire-abroad
Word of warning
Any lump sums from pensions are taxable in Spain whereas 25% is tax free in uk so plan carefully
See the best way to transfer the money ie using FX company to get the best exchange rate and also see any charges the Spanish bank may incur
you need to research and do this in the the optimum way and before you take up residency in Spain
Chatsworth25 wrote on Sun Apr 11, 2021 5:29pm:
https://www.gov.uk/state-pension-if-you-retire-abroad
Word of warning
Read more...
Any lump sums from pensions are taxable in Spain whereas 25% is tax free in uk so plan carefully
See the best way to transfer the money ie using FX company to get the best exchange rate and also see any charges the Spanish bank may incur
you need to research and do this in the the optimum way and before you take up residency in Spain
Hi
yes we know about that
thank you
John
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