There are so many reasons why Spain is one of the most popular countries with British retirees (starting with the climate and of course the Mediterranean lifestyle!); estimates suggest that around one million of these live in Spain for at least part of the year.
If you are moving to Spain and planning to draw a pension, then, it is fairly easy and there are a number of options that you can choose from:
If you have been paying into the state pension in the UK, you will receive a pension claim form from the Pension Service around four months before you retire. It is very important to make sure they have your address in Spain before you move, or you may not receive important documents and information. If you are already abroad, contact the International Pension Centre in Newcastle-upon-Tyne to update your personal details.
We always recommend discussing your options with a financial advisor – especially if you have been self-employed.
Thousands of British people receive pensions in Spain every day, and with a little planning, there should be no issue with you obtaining yours. The best way to do this is through a little research – make sure you check out UK government websites! Don’t forget to give your new Spanish address to your pension company before you move, and get in touch with a currency exchange company to help with transferring it into euros - then all you need to do is enjoy your retirement!