British Expats - Pension Plans

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British Expats (https://britishexpats.com/forum/)

- Spain (https://britishexpats.com/forum/spain-75/)

- - Pension Plans (https://britishexpats.com/forum/spain-75/pension-plans-718090/)

jdr	May 23rd 2011 4:07 am

Re: Pension Plans

Quote:

Originally Posted by Fred James (Post 9382619)

Be very careful with any of these fancy UK tax efficient schemes such as SIPPs and ISAs.

The may have tax free benefits in the UK but if you are tax resident in Spain the rules may be completely different. ISAs are taxable in Spain and even the lump sum payment from a UK pension plan is taxable.

Even a UK premium bond win is taxable in Spain!

I better send my 10 quid one back to ernie then, I would hate to win a biggy and have to pay tax. :eek:

Fred James

May 23rd 2011 4:09 am

Re: Pension Plans

Quote:

Originally Posted by jdr (Post 9382636)

I better send my 10 quid one back to ernie then, I would hate to win a biggy and have to pay tax. :eek:

Don't win the UK lottery - that could be really painful!

EsuriJohn

May 23rd 2011 4:14 am

Re: Pension Plans

Quote:

Originally Posted by Fred James (Post 9382639)

Don't win the UK lottery - that could be really painful!

Or Euro millions with a ticket bought in UK!

jdr	May 23rd 2011 4:15 am

Re: Pension Plans

Quote:

Originally Posted by Fred James (Post 9382639)

Don't win the UK lottery - that could be really painful!

I think the same works this way if you are not a resident of Spain and win on the Spanish lottery. :eek:

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