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Forum: Spain

Mar 11th 2018, 6:24 pm

Replies: 10

Pension valuation for Modelo 720.

Views: 2,405

Posted By Fred James

Re: Pension valuation for Modelo 720.

As far as I am aware, personal pension pots are excluded until you start drawing income.

I don’t have a definitive answer about bank loans or overdrafts, but your logic sounds reasonable to net...

Forum: Spain

Feb 19th 2018, 1:39 pm

Replies: 10

Pension valuation for Modelo 720.

Views: 2,405

Posted By Fred James

Re: Pension valuation for Modelo 720.

The variable rate raises an interesting question. When Form 720 first came out, I used 4% and the valuation came in under the 50k threshold. No doubt many people are in the same position, but if the...

Forum: Spain

Feb 19th 2018, 12:34 pm

Replies: 10

Pension valuation for Modelo 720.

Views: 2,405

Posted By Fred James

Re: Pension valuation for Modelo 720.

The 4% was the figure used when Form 720 was introduced. It does vary. It is called Interest Legal de Dinero.

There is a table here - as you will see the rate for 2017 is now 3% which affects the...

Forum: Spain

Feb 19th 2018, 11:33 am

Replies: 10

Pension valuation for Modelo 720.

Views: 2,405

Posted By Fred James

Re: Pension valuation for Modelo 720.

You have to declare the annuity on the basis on the value at 31 December based on a capitalisation value of the income produced based on the official interest rate of 4%.

Essentially what this...

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