Calculator
UK pension transfer estimator
A rough sketch of UK pension drawdown vs QROPS, with Iberian tax treatment overlaid. For sense-checking only, not advice.
£400,000
£24,000
Gross drawdown
£24,000
Est. country tax
£5,760
Net to you
£18,240
Years of drawdown at this rate
16.7 yrs
Assumptions
- Assumes UK personal allowance fully used elsewhere; treaty mechanics simplified
- Spain: standard residency, ignores Beckham (which excludes most foreign pension favourably)
- Portugal: IFICI does not apply to most private pensions
- Gibraltar: assumes Cat 2 capped income, not exhaustive