Pensions
Wednesday, March 2, 2016 @ 12:14 PM
One of the main topics for expats is what happens to their pension.
If you are moving to Spain from the UK you should inform the IPC of the changes to your circumstances. This will prevent any problems with your pension payments.
UK pension credit is not payable in Spain. If you decide to move to Spain permanently you must inform the office that pays your benefits before you leave. You will need to declare income from your UK state pension to the Spanish tax agency.
Once you are resident in Spain, and depending on your personal circumstances, income from a UK state pension can be liable for tax in Spain.
Can I be entitled to a Spanish pension?
After working in more than one European Economic Area country, it is possible for your contributions from each one to be taken into account when calculating your pension or benefit.
If you have worked in Spain for at least one year you may be entitled to a Spanish retirement pension, provided you meet other entitlement conditions. For information on how and when to claim your Spanish retirement pension or how your contributions in the UK can contribute toward your entitlement to a Spanish retirement pension, contact your local office of the Instituto Nacional de Seguridad Social (INSS).
When applying you must give as much information as possible about your working life.
www.tpci.es
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