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| retirement under the sun (Photo: EU) |
SPAIN LIVE Service - Many seniors are tired of shoveling in freezing temperatures in the home snow and turn so their resort on Spain's Mediterranean coast, Majorca or in the Canary Islands in the retirement home. The mild climate with many sunny days and long beaches in front of the house are attractive reasons for moving to southern Europe. Tens of thousands of German, Austrian and Swiss spend so already to retire in Spain.
How do the foreign residents to their well-earned retirement Pension payment? This is in Europe today, simply by bank transfer, the important problem in Spain. Basically, the decision, at the age (or earlier) to emigrate to Spain, should be carefully considered and discussed in advance with pensions and health insurance experts, and also with a tax advisor.
for the pension application, you should know about some other things so that everything goes as planned. For example, the German pensioners who make up the largest number in the German town retirees under the English sun: Can you conceive of two main retirement sources: a) The German pension. b) A combination of German and English pension entitlements if the applicants have lived in Spain, lives here and has worked paid into Social Security.
who already in the home country of approved pension moves to Spain, in relation to its insurance carrier simply forward the new address and eventually the new account number. Those who only claimed his pension in Spain, must apply, according to the European rules to the local office of the English social security and then submit their application forms. This applies in principle to that pension, which is to come from Germany, Austria or Switzerland. The Instituto Nacional de Seguridad Social organization then everything else and forward applications to the competent authority in the home country further.
Many elderly residents in Spain, of course, fear of contact with the English authorities because they do not speak the local language as well. Or because they result from various reasons, do not officially register in Spain. For them there is a back door to retirement. The German Pension Fund explains, for example: ". Have you in your state of residence, no insurance, you can submit the application directly in the state where you were last insured"
So if you ever in Spain in the pension insurance has been paid may submit its application also in the native Pension Company. But be careful: When pension benefits are at home and in Spain, there is no way around the English Instituto Nacional de Seguridad Social. A bypass could even provoke unwanted bureaucratic complications.
Who is not sure about the proper submission of applications, should contact me in any case, a pension consultant. This is by telephone or Internet. The insurance carriers in the homeland and in Spain have helpful experts on international bond issues.
the way pensions are taxable in Spain. A tax return is currently submit annually a pension of about 8000 €. Where of course the usual allowances that depend on the personal circumstances may be invoked. In this case, a English legal advice to help (Gestoría) or the tax office (Hacienda) are themselves only German civil servants' pensions, even if you live in Spain are taxed in Germany.
officials estimated that there are over half a million German more or less firm in Spain, 24,000 Swiss (not only German-speaking) and 8,000 Austrians. Unofficially, there are probably more, since not register all foreigners in Spain. One can assume that at least one third, perhaps half of all EU residents retirees - so that there should be the bottom line is hundreds of thousands of German-speaking English-pensioners.
Clementine Kügler / Ralph Schulze
English application form for the pension
leaflet German Embassy: Seniors in Spain
leaflet German Embassy: pension and health insurance
about Swiss Embassy
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