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If you are working in Spain or have moved to Spain to retire you need a sound financial plan from an independent financial advisory practice to ensure that your money works for you.


When you move to Spain you will be faced with a new set of tax rules that will have a significant impact on your savings and investments. What was tax efficient in the UK is unlikely to be tax efficient for you in Spain. They may feel like a safe option, but tax-efficient plans in the UK such as ISA’s and UK investment bonds will no longer provide you with the same tax benefits when you become resident in Spain – even winnings from Premium Bonds are taxable. Worldwide bank interest is taxed as savings income in Spain.

With the introduction of Common Reporting Standards your information can be passed seamlessly between providers and tax authorities and disclosure of all investments and income is essential to avoid punitive measures from the Spanish tax office.

The good news for you is that there are tax-efficient investments available to Spanish tax residents where capital can grow free of tax which will allow you to maximise returns from your investments and minimise your tax liability.

Financial Planning

Our cross border financial planners are here to help you transition your investments from the UK to Spain in the most tax efficient way and to manage these assets on your behalf over the longer term.

It is important that your financial plan is specifically structured for your individual circumstances taking into account your current lifestyle and plans for the future. Using Cashflow Modelling analytics, we can assess your asset position to make sure that your current levels of savings are sufficient to sustain your lifestyle throughout your retirement years.

Financial Consultation

With years of experience of providing financial advice to Expats in Spain, our financial advisors can arrange a financial consultation to assess your current position and work with you to devise and create a financial plan and allow you to enjoy your life in Spain with peace of mind that your assets are in good hands.

Financial Advisors

Contact us today and speak to an independent financial advisor about how we can help you and your family achieve your financial planning goals and objectives in Spain.

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Frequently Asked Questions (FAQ) for British Nationals Moving to Spain: Financial Planning and Financial Advice

Welcome to the FAQ section for financial planning services and financial advice in Spain tailored to British nationals. If you're a British citizen considering financial planning, tax optimization, retirement planning, or wealth management in Spain, this FAQ is here to assist you.

We understand that navigating the Spanish financial landscape can be complex, but with the right information, you can make informed decisions to secure your financial future. In this section, we provide answers to frequently asked questions related to financial planning services in Spain.

From understanding tax implications and retirement options to managing wealth effectively, we aim to address your concerns and provide insights to help you make the most of your financial journey in Spain.

Explore the following sections to find valuable information and expert financial advice on financial planning services tailored to British nationals in Spain.

When relocating to Spain, it's crucial to consider financial matters such as banking, currency exchange, budgeting, pensions and insurance. Proper financial planning ensures a smooth transition and peace of mind.

As a British national in Spain, your tax obligations will change. You'll need to understand Spanish tax laws, including income tax rates, capital gains tax, and inheritance tax. Seek professional tax planning advice to optimize your financial situation.

Yes, you can transfer your UK pension to Spain. However, it's essential to consider the tax implications and seek expert advice on the most suitable pension transfer options available to you.

Spain offers various retirement planning options, including QROPS and QNUPS. Discuss with a financial advisor to determine the best strategy for your retirement goals.

Wealth management in Spain involves creating a comprehensive financial plan, diversifying investments, and monitoring performance regularly. Seek guidance from a financial advisor to optimize your wealth growth and protect your assets.

Since the UK's departure from the EU, residency requirements have changed. British nationals moving to Spain must obtain the appropriate visa and residency permit to enjoy benefits like healthcare and access to certain services.

Spain offers certain tax advantages for expats, such as the "Beckham Law" for high-earning professionals. Understanding these tax incentives and structuring your finances accordingly can result in tax optimization.

By engaging in tax planning, you can legally minimize your tax liabilities in Spain. Utilize strategies like tax-efficient investments, pension planning, and understanding deductible expenses to optimize your financial situation.

Yes, it's essential to declare any offshore assets to the Spanish tax authorities. Failure to disclose offshore assets can result in penalties and legal consequences. Seek professional advice to ensure compliance with Modelo 720.

When planning your finances in Spain, gather important documents such as passports, residency permits, proof of income, tax records, bank statements, and investment portfolios. These documents will facilitate various financial processes.

As a British expat in Spain, you may be entitled to access the Spanish healthcare system by registering for public or private healthcare. Understand the eligibility criteria, coverage, and potential costs involved to plan for your healthcare needs effectively.

Brexit has brought changes to financial planning for British nationals in Spain. Consider the impact on residency rights, tax obligations, pensions, and cross-border financial services. Stay informed about evolving regulations to make informed financial decisions.

Transferring funds between the UK and Spain involves currency exchange. To manage this effectively, explore options like forward contracts, limit orders, or using specialist currency exchange providers to minimize costs and maximize your currency conversion rates.

Retirees moving to Spain should consider factors such as pension income, healthcare, estate planning, and long-term care provisions. Seek expert retirement planning advice to ensure your financial security during retirement in Spain.

Owning property in Spain entails understanding local regulations and tax implications. Familiarize yourself with property purchase costs, property taxes, capital gains tax, and potential tax deductions. Consult with professionals for guidance on property-related financial planning.

Yes, you can continue receiving your UK state pension while residing in Spain. Ensure that you inform the UK Pension Service about your change of address and follow the necessary procedures to receive your pension payments in Spain.

As a British expat in Spain, you can explore various investment options, including the Spanish Compliant Investment Bond. Consider your risk tolerance, investment goals, and seek advice from a financial advisor to build a diversified investment portfolio.

Yes, the UK and Spain have a tax treaty in place to avoid double taxation. Understand the provisions of the treaty, such as tax residency rules, tax credit mechanisms, and exemptions, to ensure you aren't taxed twice on the same income or assets.

Estate planning is essential to protect your assets and ensure a smooth transfer of wealth. Consider creating a Spanish will, understanding inheritance laws, and utilizing trusts or other structures to manage your assets and minimize potential inheritance tax.

Yes, you can maintain your UK bank accounts while living in Spain. However, it's advisable to open a Spanish bank account for local transactions and to facilitate financial integration. Explore options that suit your needs and consider currency exchange costs.


Remember, seeking professional financial advice from qualified financial advisors in Spain on financial planning, tax planning, retirement planning, and wealth management is crucial when moving to Spain from the UK. Their expertise will help you navigate the complexities and optimize your financial situation effectively.

Talk To Us

To speak directly to a financial advisor about your financial advice needs in Spain and make a financial consultation please contact us on Tel: +44 207 998 0570 or email connect@fwm.gi