Johnofalbion

I have just read in the Times this morning that Spain is to introduce a minimum income of just under 28000 Euros per annum for new retirees to Spain from next ( post Brexit) year.
Has anyone heard if Portugal is proposing a similar limit?

Moses2013

Just 28.000€? Hardly any pensioners in Europe would have those amounts. You need proof of income but certainly not these amounts. This might be the case for non -Europeans who need a visa.
https://www.barcelona-metropolitan.c...ucrative-visa/

macliam

Like the UK?

Moses2013

The UK is still in Europe?

macliam

Currently, yes - but I think "in Europe" suggests the EU/EEA, therefore the UK seems likely to become a "third party" at the end of the year and will be subject to the same rules as non-Europeans unless there is a bipartite agreement with the EU country concerned.

Moses2013

Maybe more like Albania etc. but there are still many options. It doesn't affect me personally, as I no longer have a British passport but I doubt that the minimum income will be that high.
Even then Europe is so small and easy to travel, you could just buy a small pad in the UK and travel to Spain or Portugal when it suits. You can still stay for up to 90 days without a visa. Instead of a small pad in the UK, people could also consider Ireland and after 5 years you can apply for citizenship.

EU.flag

Based on what info? There are only two categories, EU and non-EU countries.

"Proof of Permanent Retirement income from an official institution (social security or other private source) to live in Spain without working. The minimum income required is 25,560 Euros annually plus 6,390 Euros per each additional family member."
http://www.exteriores.gob.es/Consula...rementVisa.pdf
Above info is for US citizens (non-EU).

Johnofalbion

My research confirms this.
Much will depend on how the Portuguese government views the future desirability of UK retirees in the country?
I wondered if any of you guys on the ground there had any opinions on that?
Difficult for me based here in the US to get a feel for what is going on

britishbull

The UK has just published its proposed points system with min income around 26k except where there are shortage of workers so can expect other Euro countries to reply in kind, better off going to somewhere like the Philippines if you want cheap retirement post Brexit. Did not hear anything about retirement as such, though. With the EU open borders it puts a stop to splitting time between two EU countries so as to stay within the 90 day visa and 183 day tax limits, which would have been an interesting option. May well be a rush of Brits moving to EU in the last few months of this year as time runs out...

macliam

Just for clarity, AIUI, you have to be registered for residency and tax somewhere - and that is open to challenge if any state believes you are trying to avoid tax.

Much will depend how much the current administration manages to pi$$ off the EU and/or individual states within it. Each will certainly have legislation to prevent new residents being a burden of the state, but the amount required may be different country to country - and there may well be differentition between retirees and those of working age.

Pandora's box is open......

Moses2013

Before people get carried away, it's down to each country. Countries like Ireland already have an agreement and Brits can continue to get there pensions etc. Worst case spend winter in the mentioned countries and you'd want to avoid the crowds and heat during summer anyway.

Johnofalbion

Indeed it is , wide open and over here in the US it has been wide open for some time.
All the evils of the world, scampering about like puppies but not nearly so cute.
Just my luck that when it comes time to bale out of the US that things are so uncertain for Brutish expats back in mainland Europe.

macliam

With the best will in the world, Ireland is an exception due to the CTA and historic connections. Not everyone can afford the costs of 2-centre living - I do it and duplicate bills, as well as the setup cost and travel make it an expensive choice..... and one that seems to be becoming less, not more, attractive.

macliam

I'm presuming that your reference to "Brutish expats" is a typo..... but others of this parish might think not! Today's announcement in the UK, added to the "we want all the cherries" comments earlier in the week, are making things more uncertain, so I sympathise.

Johnofalbion

Yes a typo indeed, sorry to all who might have though otherwise.