Hi, I am considering moving to Spain and require funds. I have been told by my pension company that I am entitled to the following in if I cash in my pension.
25% tax free amount of €22,665 + €103,668.75 which is taxable.
I currently pay 20% tax on €36,800 of my income and 40% on €26,204.
My question is what is the most efficient way to cash in the taxable amount of €103,668.75 over the next 2 years.
Thanks
25% tax free amount of €22,665 + €103,668.75 which is taxable.
I currently pay 20% tax on €36,800 of my income and 40% on €26,204.
My question is what is the most efficient way to cash in the taxable amount of €103,668.75 over the next 2 years.
Thanks