Thread: Pension??

Hi

I've been working in Spain for about a year now and I love the lifestyle and the job and definitely want to stay for many more years. It has come to my attention though that because i'm paying taxes to Spain and not to my home country (England) that i'm not going to get my full pension if I don't work enough years in England, and as I said I would love to stay for many years yet.
So i was wondering if I get a Spanish pension and if i could combine what i've already built up in England with what I get in Spain? If there is nothing I can do about it does anybody have any advise on setting any pension plans up? because i want to keep working abroad but i also want to be able to retire and not have to worry about money.

Any advice would be much appreciated thank you.

Hi and welcome

Welcome to Britsabroad, Jonny.
Hopefully someone will be able to snswer that for you.

Hello Jonny 5,

Afraid I cant help with your question about combining UK and Spanish pensions but I would advise you just take them both when you retire in the future. Whatever they will not be much money as Government pensions. Presumably that will be a long time off? Best way to save is through an offshore Regular Savings Plan that is well managed. I did this myself and I was able to retire at age 56 when living in Kuala Lumpur. I now live in Croatia. Pensions and any earnings from outside of Croatia can be tax free. If you would like any more advice or help please email me on [email protected]. Chris

Hello Jonny,

I think for specific pension questions you should have a talk with an expatriate adviser.

However if you are an expat you can transfer your UK private and company pension schemes into a QROPS. This will save you a lot of money.
I know these guys have a free qrops guide.

Originally Posted by chris plumtree

Hello Jonny 5,

Afraid I cant help with your question about combining UK and Spanish pensions but I would advise you just take them both when you retire in the future. Whatever they will not be much money as Government pensions. Presumably that will be a long time off? Best way to save is through an offshore Regular Savings Plan that is well managed. I did this myself and I was able to retire at age 56 when living in Kuala Lumpur. I now live in Croatia. Pensions and any earnings from outside of Croatia can be tax free. If you would like any more advice or help please email me on [email protected]. Chris

Hi Chris, welcome to the forum.