Spain is very well positioned to become a leading retirement haven in Europe. If Portugal, its next-door neighbour, has achieved notoriety among retirees as a great retirement destination, then Spain can undoubtedly use its status as a premier global tourism destination to become a leader in retirement living. Spain already has the advantage of having a significant number of independent and assisted living, and care options.
Pensions
Pensioners from around the world have become resident, and by implication tax-resident in Spain. Although Spain is not among the world’s most advantageous tax regimes, the overall quality of life and lower cost of living is seen as much more important by most who move to the country.
As we are not authorised to provide tax or similar advice we can, after an initial analysis of your requirements, refer you to one of our panel of tax and retirement specialists to ensure that you have at your fingertips years of experience in the field of retirement to Spain, and all its associated implications.
Linked to the subject of retirement is the need to understand whether and how your pension can be paid outside your country of origin. This may require the set-up of compliant structures, approved by the pension service at source.
Many of our specialist partners provide an initial professional assessment of your personal tax situation. These specialist firms are also able to indicate how each revenue category’s tax treatment might differ from your home country, in the context of any double tax treaty that may exist between Spain and the respective country from which the revenue stems.
