Beckham law in Spain - UK Pension Treatment

[jomope]

Hello,

I am planning my move to Spain next year to work under the Beckham law. I will be 55 years old. Originally from Spain, I have lived in the UK for over 20 years. I have a private pension and am considering the most tax-efficient way to draw down from my UK pension.

I understand that 25% of the lump sum can be taken tax-free before I move to Spain.

My questions are:

Would additional pension drawdowns be taxed in Spain or the UK?

What steps should I consider to optimise my pension withdrawals from a tax perspective?

Thank you.

[lostdude]

> Would additional pension drawdowns be taxed in Spain or the UK?

Dont know much about Beckham law but from my research, it appears that your UK pension withdrawals will be taxed by Spain not UK. I am guessing defined contribution pension ?

I am not an expert in these matters but interested these expat topics hence trying to help thats all.

May be worth trying high traffic forums such as reddit /FIREUK /HenryUK /UkPersonalFinance Bogleheads non US investing, MoneySavingExpert etc. The International forum on this board seems awfully quiet for some reason. Perhaps Beckham law is a special thing that requires expertise of the kind of lawyers only the likes of David Beckham could afford. Well, we ordinary mortals cannot score a free kick like Beckham so we cannot afford such Saville Row suited types, our only hope is such forums, chatGPT etc.

From my research :
- https://www.expatforum.com/threads/spanish-tax-liability-on-uk-pensions.1535021/
- https://www.expatforum.com/threads/uk-and-spanish-pensions-confusion.1542629/#:~:text=The%20UK%20state%20pension%20is,are%20classed%20as%20%22income%22
- chatGPT with relevant links : https://chatgpt.com/share/6739fd01-8c14-8002-aefa-194b033fb1fe

Hope this helps.