Taxation on Personal Pension

Aug 25, 2008 · tonyj · 3 replies · 2873 views

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I am thinking of moving to Spain, and have a personal pension of ?1400 per month net of UK tax. My wife receives no pension. When in Spain I will be paying Spanish income tax. Will I be able to offset my wife's tax free allowance against my pension. Neither of us will have any other form of income.

Aug 25, 2008 · ROBI

Tony,

Yes you can do a joint declaration - to have the 2 allowances. I think you will pay much less tax here than UK. You will need to make arrangements to have your pension paid gross of tax in the UK - this you can do after you relocate here permanently and have been here a while.

Nov 27, 2010 · Qrops pensions

You can save considerably on tax by transferring the pension in to a QROPS (Qualifying Recognised Overseas Pension Scheme)