How are Spanish Compliant Investment Bonds taxed?

Sam Kelly DipPFS, EFA, BA (Hons)
Managing partner
Chorus Financial

MANY of you will have explored your investment options as residents here in Spain. In the UK we have ISAs and other tax-advantaged products, but as soon as you become a Spanish resident they lose all their benefits and in some cases may inadvertently charge you an additional 20% tax which you you may not even be aware of, and cannot claim back.

One product that 10,000 Brits in Spain have used is Spain Compliant Investment Bonds. They are effectively tax wrappers that allow you to hold a diversified portfolio of investments in British Pounds, Euros and even US Dollars. Popular providers include Prudential International, Lombard International, Quilter PLC and SEB.

Whichever company you ultimately opt with, the tax advantages are all the same, and these products can be very beneficial for those trying to grow their capital or generate income in the most efficient way possible on the market. tax plan here in Spain.

One thing to be wary of is that fees can vary widely even on the same recommendation apparently, so always get a second opinion, especially with any advice that includes a link, often 5, 8 or 10 years old.

I’m sure how many of you already own these products or are considering opening one, but may not fully understand their taxation.

To make life as easy as possible, Chorus Financial has prepared a detailed video that explains the taxation of these products, and we recommend anyone considering an investment in Spain to watch it below.

We also provide more information at

For any questions or inquiries regarding any type of Spanish compliant pension or investment here in Spain, including Prudential International, Lombard International, Quilter PLC and SEB, please contact me on [email protected] or call me at +34 664 398 702.

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