Compliant non-Spanish private pension schemes
Feb 23rd 2017, 1:50 pm
#1
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Thread Starter
Joined: Feb 2017
Posts: 1
Compliant non-Spanish private pension schemes
I have a query relating to pension schemes for UK (and possibly other) expats resident and working in Spain. As you may be aware, while pension contributions can be deducted against IRFP (la Renta), the pension products available in Spain are not attractive particularly compared to those available in the UK (e.g. ISAs, SIPPs) or in the USA (e.g. IRAs, 401ks). This is because of high fees and limited range, but UK nationals resident in Spain are not eligible to contribute to these UK based products.
However I have been informed that it is still possible to obtain the Spanish IRPF pension contribution deduction if the contributions are made to a pension scheme in another EU country provided that the scheme is compliant with the EUROPEAN RULES 2003/41/ce EUROPEAN PARLIAMENT (SUPERVISION AND REGULATION OF PENSION PLANS). This arrangement is part of the EU strategy of free movement of services and labour .
My question is: does anyone know of the name of any countries and pension providers which will offer pension products to EU nationals resident in Spain? Many thanks!
However I have been informed that it is still possible to obtain the Spanish IRPF pension contribution deduction if the contributions are made to a pension scheme in another EU country provided that the scheme is compliant with the EUROPEAN RULES 2003/41/ce EUROPEAN PARLIAMENT (SUPERVISION AND REGULATION OF PENSION PLANS). This arrangement is part of the EU strategy of free movement of services and labour .
My question is: does anyone know of the name of any countries and pension providers which will offer pension products to EU nationals resident in Spain? Many thanks!
Feb 23rd 2017, 1:58 pm
#2
MODERATOR
Joined: Mar 2007
Location: Costa Valencia
Posts: 14,795
Re: Compliant non-Spanish private pension schemes
Hi and a warm welcome to the Spanish forum on BE. Myself and Fred James are the moderators for the Spanish forums whilst BEVS moderates Europe. Moderators are there to ensure that the site runs smoothly within the rules of BE. This is so that members gain the information that they are looking for and find their experiences on the forums to be friendly and worthwhile.
Problems and complaints should always be addressed to a moderator who will look into the matter and deal with it efficiently and fairly. Our members who post in the Spain Forums are usually friendly and helpful with a wealth of knowledge about the issues of living in Spain. I hope that you enjoy your time participating in the forums.
Please let me know if you need any further help.
Rosemary
Problems and complaints should always be addressed to a moderator who will look into the matter and deal with it efficiently and fairly. Our members who post in the Spain Forums are usually friendly and helpful with a wealth of knowledge about the issues of living in Spain. I hope that you enjoy your time participating in the forums.
Please let me know if you need any further help.
Rosemary
Feb 23rd 2017, 2:21 pm
#3
BE Forum Addict
Joined: Aug 2005
Location: Beckenham, London borough Bromley
Posts: 1,617
Re: Compliant non-Spanish private pension schemes
Hola
Your best bet is to contact Blevins Franks who deal in this sort of thing in what I believe they call a "tax wrapper".
Usual disclaimer - I have no connection with Blevins Franks except as a satisfied customer.
Davexf
Your best bet is to contact Blevins Franks who deal in this sort of thing in what I believe they call a "tax wrapper".
Usual disclaimer - I have no connection with Blevins Franks except as a satisfied customer.
Davexf
Feb 25th 2017, 9:26 am
#4
Account Closed
Joined: Feb 2017
Posts: 27
Re: Compliant non-Spanish private pension schemes
Hello Davexf,
thank you for that tip, it was just what I was looking for and I immediately ordered their book online!
thank you for that tip, it was just what I was looking for and I immediately ordered their book online!
