Bitcoin and retirement planning in Spain
Bitcoin as retirement asset: No specific tax advantages (unlike pension plans). No contribution limits. No withdrawal restrictions. Self-custody possible.
Accumulation phase: Just buying and holding = no taxes. Gains are "latent" until sold.
Drawdown phase (gradual selling): Each sale = capital gain taxed at base del ahorro (19-28%).
Tax-efficient withdrawal strategy: Sell controlled amounts each year to stay in lower tax bracket (e.g., ≤€6,000/year at 19%).
Annuity alternative: Convert BTC to euros + buy annuity. Annuity income has preferential tax treatment (only percentage taxed based on age).
Crypto pension plans in Spain: None exist that invest directly in Bitcoin (unlike US Bitcoin ETF IRAs).
kointax allows projecting tax impact of different crypto selling strategies.