As UK pensioner with a full standard State Pension of just over £100 pw and a very small Private Pension of about £780 pa. My figures look like this when my pensions are exported untaxed from UK.
Allowances €5151 personal Pensions SP £6000.00
€2652 earned income PP £0780.00
€0918 over 65 £6800.00
£1 = €1.1 x 1.1
Total allowances €8721 €7480.00
So when I submit my first Modelo100 later this month I will pay no tax since my allowances are more than my income. This would be the case for anyone with just a State Pension and a small Private Pension. In the case of a Private Pension paid as an annuity the Tax treatment in Spain is very favourable so that you could have quite a bit more income before breaching the total allowances.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.
This message was last edited by JohnKath on 13/06/2011.