Renta 2018

Information and questions about the Law in Spain and Andalucia.
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gerryh
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Renta 2018

Postby gerryh » Sat Apr 06, 2019 2:49 pm

Just had a quick look at completing my Renta 2018.
There is a new question, "Do I have a pension from abroad?"
Yes I have a UK OAP and a UK company pension which I have had all the time I have lived here and have paid my Spanish tax on them.
However is the question only referring to UK Civil Service type pensions that are taxed in the UK?
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Gerry
Gerry Harris

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Re: Renta 2018

Postby Beachcomber » Tue Apr 09, 2019 4:31 pm

I expect you have worked this out for yourself by now but if you click 'Yes' and incorporate the pension from abroad it puts it in Box 0003 so I don't think this would include a civil service pension taxed in the UK because it goes in a different box.

If you click 'No' you can enter the pensions manually in whichever box you think they need to go.

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gerryh
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Re: Renta 2018

Postby gerryh » Tue Apr 09, 2019 6:10 pm

Thanks for the reply.
I clicked "No" and put it in the "earned Income" box as I have done in previous years.
I will do a new declaration and click "Yes" and put it in Box 0003 just to see if it makes any difference.
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Gerry
Gerry Harris

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Re: Renta 2018

Postby Beachcomber » Tue Apr 09, 2019 6:39 pm

I tried that. It comes out the same for me!

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gerryh
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Re: Renta 2018

Postby gerryh » Tue Apr 09, 2019 6:54 pm

Just tried it and using the option "click 'Yes' and incorporate the pension from abroad it puts it in Box 0003 " shows a lower tax due.
I'll go through it all again sometime later and check the figures I entered.
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Gerry
Gerry Harris

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gerryh
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Re: Renta 2018

Postby gerryh » Wed Apr 10, 2019 8:28 am

Now that I am fully awake I rentered the income figures and I get the same tax owing figure whichever method I use.
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Gerry Harris

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Re: Renta 2018

Postby Beachcomber » Wed Apr 10, 2019 8:37 am

Oh, thank goodness for that. I thought I was missing something and was about to go over my figures again! However, it does put some of my wife's income in the wrong box treating it as earned income rather that income from economic activity but there is a warning about that.

El Cid
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Re: Renta 2018

Postby El Cid » Wed Apr 10, 2019 7:44 pm

There has been a major increase in allowance for low incomes.

Up until now, there was a special allowance for earned income (including pensions) of €3700 for incomes in the range of €11250 to €14450. Incomes between those two figures were reduced pro rata so that incomes above €14450 got no extra allowance.

For 2018 these figures have been revised upwards. The allowance is now €5565 and the band is increased from €13115 to €16825.

This is a major increase and will affect a lot of residents with the UK state pension with other small private/company pension income.

The FAQ viewtopic.php?f=42&t=27576 Has been updated.

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