Many Britons oppose Keir Starmer’s Labor government over the increase in taxes. For this reason, and also because they are looking for better climates, many people decide to emigrate to Spain.
He Daily Mail publishes a report this Sunday in which it gives advice to its readers on which countries and why they are ideals for retiring, Pay less taxes and enjoy a new life.
One of the destinations they recommend is Spain, “which continues to be one of the most popular options,” the article states, and which highlights that “Health care is a big attraction.”
“Once you reside in Spain, You can access the public system. If you are under 65, the cost is 60 euros per month, and for those over 65, 157 euros per month,” the article continues.
The text explains that “Spain has a double taxation agreement with the UK, but the amount you’ll pay depends on the region you live in and your income level.
“The rates start at 18% for public and professional pensions, but They can reach up to 54% if your annual income exceeds 262,000 pounds (300,000 euros).
The text recalls that “private pensions can be more complicated and experts recommend seeking advice from a specialist before receiving any income.
“Be careful though: if you withdraw your capital pension “tax-free” once you are a Spanish resident, will be subject to tax” concludes the article.
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