You may think that the tax authorities won’t bother chasing you but you would be wrong. In Spain, for example, we are coming across more and more instances where the Hacienda is looking to generate revenue by investigating how long British expatriates have been resident.
What’s more you could be missing out on some potential benefits. Did you know that the tax rate you pay on pension drawdown income in Spain could be in single figures if transferred to an appropriate QROPS arrangement? Also you would avoid the 55% tax charge on your pension fund that your beneficiaries would be required to pay when you die if your pension is in drawdown.
We hope you find the article interesting and thought provoking. We will be delighted to help you resolve any issues that might affect you personally. For further information call us on +350 200 50982 or email email@example.com.