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QROPS Advice - Paying too much tax on your pension income in Spain or Portugal?

August 11, 2018

Do you spend more than 183 days a year in your second country?

Do you try and keep under the radar of the local tax authorities pretending to be a UK resident?

Are you drawing down income on your UK pension at your highest marginal rate which could be 40% possibly 50%?

If you have moved abroad or are planning to do so - QROPS (Qualifying Recognised Overseas Pension Schemes) might be the perfect solution for you.

In Spain the tax rate on pension drawdown could be in single digit figures and if you were to choose Gibraltar as your country of residence you might end up paying zero tax.

Isn’t it worth discussing your options with one of our financial advisers Spain?

Please ring +35020050982 or email wealth@fiduciarywealth.gi  to arrange a meeting and discuss your or your clients’ financial planning requirements.

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