Surviving on Irish state pension!
For a long time now I have dreamed of moving out to Spain for the winter months and since I have been put on a blood thinner and really feel the cold now it has become more important to me.As my marriage has become more unstable in recent times,( we will be going into mediation as soon as the appointment is scheduled) I will be moving abroad alone.As most of our finances are tied up in the family home which we can hopefully sell within two years my present budget is probably maximum 50000 at a push. Having narrowed down some areas I feel would suit climate wise etc I had started to check out legalities regarding health care and taxes so that I would be well informed when Covid allowed me to travel to see some properties. The thing about taxes in Spain that really shocked me is that if I were to end up having to live there for more than 183 days per year I would be liable for tax @ 24%on everything over 4080 and this would mean that when I am eventually managing on €233 per week or around 12000 per annum I will be liable to pay about 2000 of that to Spanish tax which is a lot out of a pension of that amount. I am posting this here in the hope that someone will reply and tell me that I have read some incorrect information and that my Irish state pension wil be tax free and I will only be taxed on earnings over this. Regards to all and I hope to hear from you soon. Mary