Many expats like yourself are on the search for some clear guidance on the number of pension options available to them.
Moving to a new country means new rules and regulations to get to grips with. UK-based pensions have specific tax obligations and Spain’s tax system is unique in design, as there is no equivalent in the UK, it can be difficult to understand. Therefore, many expats find themselves needing pension advice in Spain.
The sooner you are able to fully comprehend the tax system the sooner you will be able to structure your assets in a way that can benefit you and your beneficiaries the most financially.
For those expats who are looking to retire outside of the UK, they may find themselves eligible for a Qualifying Recognised Overseas Pension Scheme, otherwise known as a QROPS.
Agreement rules between Spain and the UK state that you will only be taxed in the country you are a tax resident of unless there are certain circumstances in place. It is possible to transfer your UK pension to Spain, but each situation will be different.
With various flexible investment options available to our clients, we can help you put together a reasoned and balanced investment portfolio that can be beneficial to you during your retirement years.
Let us help you ease the tax burden and advise on your next step..
Speak to one of Private Client Consultancy’s Wealth Managers or Associates about pension advice Spain. Our experts are regulated and qualified to a minimum of Level 4 as recognised by the UK’s Financial Conduct Authority (FCA).
Should you be changing your pension plan when you make the move to Spain? What are the other available options? How do I know who to pay tax to? Is a Qualifying Recognised Overseas Pension Scheme really for me?
Would you feel more comfortable asking these questions to a UK-qualified professional in Spain who is experienced and knowledgeable about the system? No case is the same, we can tailor advice that will help you work towards your specific needs. Contact one of our Wealth Managers today about pension advice Spain.
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