All regions of Spain
Free Consultations

+ (34) 951 390 201
Speak to an adviser

Can I transfer my UK pension to Spain?

No you cannot transfer your private or company pension to Spain directly. Your options as a resident of Spain are to transfer to an international plan. The two choices are QROPS or an International SIPP. There are tax advantages to both but you must be careful not to incur HMRC charges.

Why transfer my pension to a QROPS?

  • Remove your pension the UK regime
  • Potential for zero UK tax
  • Flexible Access to pension benefits
  • Consolidate multiple pensions to one
  • No lifetime allowance restrictions with QROPS*
  • Choice of different currencies
  • To self-invest a final salary scheme
  • Remove UK connection for IHT purposes
  • Wider non UK centric investment choice
  • Protection from UK divorce proceedings
  • Protection from Brexit effects

* The current government in the UK has effectively abolished the lifetime allowance as of April 2023. However the Labour party have pledged to bring it back should they win the next UK general election.

Is it a good idea to transfer my pension to Spain?

It is a good idea to consider a transfer if you have a UK pension and are resident in Spain. However some circumstances may require a different option - such as an international SIPP if you plan to move back to the UK in the future.

Also, there were a raft of legislative changes to UK pension law in 2015 and then again in 2017 (to transfers overseas) so more than ever it is vital to get qualified advice from a regulated company in order to make the right decision.

For a free, no obligation assessment of your own circumstances and further information please call us on 951 390 201.

UK pensions in Spain
pensions advice Spain

Why Us?

We are part of a reputable international financial management firm. We are not a data broker passing your information on to other firms etc. We are licensed and authorised throughout Europe to give financial advice and arrange pension transfers. When you call us you will speak directly with the qualified, experienced adviser who will assess your pension(s) and give you a personal recommendation bespoke to your circumstances. You are under no obligation to follow our recommendation and we do not charge for your pension evaluation. So, for an initial chat why not give us a call or send a message on the form below. REMEMBER avoid scammers by only dealing with properly regulated entities.

We are British advisers living in Spain with the appropriate qualifications and experience to give professional advice here. Unlike UK based firms, we have a deep knowledge of the pension laws and tax system in Spain. Also, unlike many others, we have investment the required license for investment advice under EU directive MiFID 2.

Patrick Macdonald Financial Adviser
Patrick Macdonald ASCI
International Financial Adviser

Send us a Message