PKC59

Hello all. Newbie here. My Wife and I are considering retirement next year and moving to Spain (Valencia Region). We are financially secure, speak Spanish and will have medical insurance. The posts on this site are worrying my Wife and I regarding the possible attitude the Spanish authorities may have toward us as potential retirees in Spain. Does anybody have recent experience of moving to Spain and would you be willing to share with us?

Hello Rosemary. You mention being a pensioner and paying taxes in Spain; are you willing to share with us what taxes you pay? BTW, we will not be pensioners for a few years yet.

Loafing Along

I think you are going to get a lot "scare stories" over the next eighteen months but , in the end, it will all settle down and life will go on. If you have the basics :
1. Demonstrable stable income so as "Not to be a burden on the State" - open to different interpretations but roughly the equivalent of the minimum wage plus a bit.
2. Private medical insurance when you arrive ( you state you have this )
3. No "murky past"

You should be fine.
Regarding tax, once resident - over 183 days - you will pay income tax on your worldwide income irrespective of whether or not you bring it to Spain. Apart from that local municipal taxes on any property you may own and also will be required to fill out an annual declaration of your worldwide assets.

Rosemary

Hi and a warm welcome to the Spanish forum on BE. Myself and Fred James are the moderators for the Spanish forums whilst BEVS moderates Europe. Moderators are there to ensure that the site runs smoothly within the rules of BE. This is so that members gain the information that they are looking for and find their experiences on the forums to be friendly and worthwhile.

Problems and complaints should always be addressed to a moderator who will look into the matter and deal with it efficiently and fairly. Our members who post in the Spain Forums are usually friendly and helpful with a wealth of knowledge about the issues of living in Spain. I hope that you enjoy your time participating in the forums.

Please let me know if you need any further help.

Rosemary

Rosemary

Loafing Around has answered your query about taxation so all I will add is that I no longer pay tax in the UK.

Rosemary

PKC59

There doesn't appear to be a step by step guide or a logical sequence of events to follow in order to make a transition to Spain. For instance: should we sell our house in England; move to Spain; apply for residency, or start the process prior to the move. It may help if I Mention that my Wife and I had a rental house in Mojacar for 11 years, but only visited it infrequently.