Spain Pensions - Guide to pensions in Spain
A UK pension in Spain, the tax treaty between the UK and Spain makes
a pension taxable in the country where you live, not where you earned
it. If you have retired to and settled in Spain, you should be taxed
only in Spain. Pension scheme administrators in the UK will need a PAYE
coding notice from the UK Inland Revenue showing 'NT' (no tax) so that
they can pay gross, and the recipient will be responsible for declaring
the income to the Hacienda in Spain
Pensions in Spain when you consider Spain's tax treaty with the
UK means that you cannot be regarded as a resident of both countries
circumstances, you'll only pay tax once.
The best advice with pensions
in Spain is that you seek professional independent financial advice
both UK and Spanish tax law and how it affects your personal circumstances,
prior to relocating when considering drawing a pension in Spain.