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Moving abroad but keeping bank a/c here?

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  • Mine is still appropriate as I no longer pay any tax.
    (AKA HRH_MUngo)
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  • missile
    missile Posts: 11,763 Forumite
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  • Cook_County
    Cook_County Posts: 3,092 Forumite
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    Mine is still appropriate as I no longer pay any tax.
    Although your income is low, it is worth being clear what are the personal and family minimum incomes required to pay tax in Spain today.

    ( For 2007 in Spain the personal minimum figure, which in general amounts to €5,050, increases to €5,950 when the taxpayer is over 65, and to €7,050 when the taxpayer is over 75.

    In addition there is a family minimum figure of:
    a. €900 per year for each ascendant over 65 forming part of the taxpayer’s household who is dependent on the taxpayer and whose annual income does not exceed €8,000; the minimum increases to €2,000 when the ascendant is up to 75.
    b. €1,800 for the first single descendents under 25 forming part of the taxpayer’s household; €2,000 for the second single descendent, €3,600 for the third single descendent, and €4,100 for any more such descendents)
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