Cost of living?
Aug 20th 2006, 12:49 pm
#31
RETIRED ;-))
Joined: Jul 2003
Location: Benalmadena Pueblo,Spain
Posts: 20,156
Re: Cost of living?
Originally Posted by paris hilton
Broadband package with telefonica+phone 39.90 euros per month Unlimited free National calls in Spain when you order ADSL Home. Adsl home gives you speeds upto 1mb per second and unlimited use.,otherwise phone 15.64 euros per month+call charges.
http://www.telefonicainenglish.com/
paris
http://www.telefonicainenglish.com/
paris
Aug 20th 2006, 12:50 pm
#32
Senior Moment
Joined: Jan 2006
Location: On the edge
Posts: 20,460
Re: Cost of living?
Originally Posted by jdr
Its a different company from Telefonica and there have been threads about them before, good and bad reports.
Aug 20th 2006, 1:41 pm
#33
Just Joined
Joined: Aug 2006
Posts: 11
Re: Cost of living?
Originally Posted by ScotinSpain
Tim, if you are referring to my post of about a year to 18 months ago, here it is. My costs have actually gone down , largely due to a new(ish!) diesel car and the installation of ceiling fans to drastically reduce the air con costs in summer. I put these figures here to help others considering a move out here, not to stasrt a debate on 'how the heck do you spend x on y, I only spend z.......' Also note that inflation is creaping up year on year here in Spain 
.
There have been two or three threads recently on an Andalucian Message Board about the cost of retiring out here for a couple and the general consensus was that £12,000 net per annum was about right. We are also in our mid 50s without children to support and no mortgage and live on the Coast near Estepona. We run one car but do have a full sky TV package, ADSL 24/7 broadband Internet access and a BUPA derivative medical insurance, called SANITAS, (you will need private medical insurance out here as you are not in receipt of a UK age related pension thus not eligible for Spanish medical support). We also drink and smoke, which is much cheaper than UK particularly with Duty Free in Gibraltar, but you may save some here.
You could remove some of these (internet, Sky TV etc.) to reduce the cost.
As an indication these are our annual bills:
Electricity 1,500€
Health Ins (inc. Dental) 1,650€
Town Hall 'Rates' 765€
Urb. Fees 1,500€
Telephone 900€ (inc 480€ Internet ADSL)
Sky TV 720€
Car Insurance 410€
House & Contents ins. 300€
'Wealth' Tax 535€
Water (metered here) 175€
Car Tax 45€
Food, Drink, Petrol etc. 7,000€
As you can see this comes to about 15,500€ which equals £10,300 at current rates leaving £1,700 for entertainment, emergencies, holidays etc.
This is obviously only a guide but you can make adjustments. I estimate living out here saves about 30% on living in UK, the weather, people, friendliness are so much better. Inflation is about 2 2/1 - 3 % annually so a reasonable pension should keep up with this.
Hope this helps. We've been here 15 months and NEVER looked back!
, largely due to a new(ish!) diesel car and the installation of ceiling fans to drastically reduce the air con costs in summer. I put these figures here to help others considering a move out here, not to stasrt a debate on 'how the heck do you spend x on y, I only spend z.......' Also note that inflation is creaping up year on year here in Spain .There have been two or three threads recently on an Andalucian Message Board about the cost of retiring out here for a couple and the general consensus was that £12,000 net per annum was about right. We are also in our mid 50s without children to support and no mortgage and live on the Coast near Estepona. We run one car but do have a full sky TV package, ADSL 24/7 broadband Internet access and a BUPA derivative medical insurance, called SANITAS, (you will need private medical insurance out here as you are not in receipt of a UK age related pension thus not eligible for Spanish medical support). We also drink and smoke, which is much cheaper than UK particularly with Duty Free in Gibraltar, but you may save some here.
You could remove some of these (internet, Sky TV etc.) to reduce the cost.
As an indication these are our annual bills:
Electricity 1,500€
Health Ins (inc. Dental) 1,650€
Town Hall 'Rates' 765€
Urb. Fees 1,500€
Telephone 900€ (inc 480€ Internet ADSL)
Sky TV 720€
Car Insurance 410€
House & Contents ins. 300€
'Wealth' Tax 535€
Water (metered here) 175€
Car Tax 45€
Food, Drink, Petrol etc. 7,000€
As you can see this comes to about 15,500€ which equals £10,300 at current rates leaving £1,700 for entertainment, emergencies, holidays etc.
This is obviously only a guide but you can make adjustments. I estimate living out here saves about 30% on living in UK, the weather, people, friendliness are so much better. Inflation is about 2 2/1 - 3 % annually so a reasonable pension should keep up with this.
Hope this helps. We've been here 15 months and NEVER looked back!
Aug 20th 2006, 1:43 pm
#34
Just Joined
Joined: Aug 2006
Posts: 11
Re: Cost of living?
Originally Posted by ScotinSpain
Tim, if you are referring to my post of about a year to 18 months ago, here it is. My costs have actually gone down , largely due to a new(ish!) diesel car and the installation of ceiling fans to drastically reduce the air con costs in summer. I put these figures here to help others considering a move out here, not to stasrt a debate on 'how the heck do you spend x on y, I only spend z.......' Also note that inflation is creaping up year on year here in Spain .
There have been two or three threads recently on an Andalucian Message Board about the cost of retiring out here for a couple and the general consensus was that £12,000 net per annum was about right. We are also in our mid 50s without children to support and no mortgage and live on the Coast near Estepona. We run one car but do have a full sky TV package, ADSL 24/7 broadband Internet access and a BUPA derivative medical insurance, called SANITAS, (you will need private medical insurance out here as you are not in receipt of a UK age related pension thus not eligible for Spanish medical support). We also drink and smoke, which is much cheaper than UK particularly with Duty Free in Gibraltar, but you may save some here.
You could remove some of these (internet, Sky TV etc.) to reduce the cost.
As an indication these are our annual bills:
Electricity 1,500€
Health Ins (inc. Dental) 1,650€
Town Hall 'Rates' 765€
Urb. Fees 1,500€
Telephone 900€ (inc 480€ Internet ADSL)
Sky TV 720€
Car Insurance 410€
House & Contents ins. 300€
'Wealth' Tax 535€
Water (metered here) 175€
Car Tax 45€
Food, Drink, Petrol etc. 7,000€
As you can see this comes to about 15,500€ which equals £10,300 at current rates leaving £1,700 for entertainment, emergencies, holidays etc.
This is obviously only a guide but you can make adjustments. I estimate living out here saves about 30% on living in UK, the weather, people, friendliness are so much better. Inflation is about 2 2/1 - 3 % annually so a reasonable pension should keep up with this.
Hope this helps. We've been here 15 months and NEVER looked back!
, largely due to a new(ish!) diesel car and the installation of ceiling fans to drastically reduce the air con costs in summer. I put these figures here to help others considering a move out here, not to stasrt a debate on 'how the heck do you spend x on y, I only spend z.......' Also note that inflation is creaping up year on year here in Spain .There have been two or three threads recently on an Andalucian Message Board about the cost of retiring out here for a couple and the general consensus was that £12,000 net per annum was about right. We are also in our mid 50s without children to support and no mortgage and live on the Coast near Estepona. We run one car but do have a full sky TV package, ADSL 24/7 broadband Internet access and a BUPA derivative medical insurance, called SANITAS, (you will need private medical insurance out here as you are not in receipt of a UK age related pension thus not eligible for Spanish medical support). We also drink and smoke, which is much cheaper than UK particularly with Duty Free in Gibraltar, but you may save some here.
You could remove some of these (internet, Sky TV etc.) to reduce the cost.
As an indication these are our annual bills:
Electricity 1,500€
Health Ins (inc. Dental) 1,650€
Town Hall 'Rates' 765€
Urb. Fees 1,500€
Telephone 900€ (inc 480€ Internet ADSL)
Sky TV 720€
Car Insurance 410€
House & Contents ins. 300€
'Wealth' Tax 535€
Water (metered here) 175€
Car Tax 45€
Food, Drink, Petrol etc. 7,000€
As you can see this comes to about 15,500€ which equals £10,300 at current rates leaving £1,700 for entertainment, emergencies, holidays etc.
This is obviously only a guide but you can make adjustments. I estimate living out here saves about 30% on living in UK, the weather, people, friendliness are so much better. Inflation is about 2 2/1 - 3 % annually so a reasonable pension should keep up with this.
Hope this helps. We've been here 15 months and NEVER looked back!
Aug 20th 2006, 2:45 pm
#35
Concierge
Joined: May 2006
Location: ex ex-pat, in Taunton
Posts: 27,214
Re: Cost of living?
Originally Posted by paris hilton
Broadband package with telefonica+phone 39.90 euros per month Unlimited free National calls in Spain when you order ADSL Home. Adsl home gives you speeds upto 1mb per second and unlimited use.,otherwise phone 15.64 euros per month+call charges.
http://www.telefonicainenglish.com/
paris
http://www.telefonicainenglish.com/
paris
[email protected]
e mail in English and you will get a reply and get excellent service that way.
Aug 20th 2006, 4:41 pm
#36
Senior Moment
Joined: Jan 2006
Location: On the edge
Posts: 20,460
Re: Cost of living?
Originally Posted by Bopsy
Hi There, what is wealth tax?
Aug 20th 2006, 4:45 pm
#37
Forum Regular
Joined: May 2006
Location: denia
Posts: 192
Re: Cost of living?
Originally Posted by Mitzyboy
Its a tax you pay as a resident on your worldwide wealth, i.e. all assets, bank accounts, investments. Payable at the same time you lodge your tax return on form 714. There are allowances however. A Spanish resident pays nothing on the first E 108182 value of assets. Also a further exemption of E 150253 for the principal residence.
Aug 20th 2006, 4:47 pm
#38
Senior Moment
Joined: Jan 2006
Location: On the edge
Posts: 20,460
Re: Cost of living?
Originally Posted by paris hilton
So if you are living in spain and you are a resident and have these tax exemptions correct?
Correct, if you are a Spanish resident you have those exemptions ... If you are a non resident then you don't pay wealth tax, but you should be paying a tax on your property as if you own a home there the government assumes you are letting it out (
) but thats a whole new can of worms
Aug 21st 2006, 11:38 am
#39
Forum Regular
Joined: May 2006
Location: denia
Posts: 192
Re: Cost of living?
Originally Posted by Mitzyboy
Correct, if you are a Spanish resident you have those exemptions ... If you are a non resident then you don't pay wealth tax, but you should be paying a tax on your property as if you own a home there the government assumes you are letting it out ( ) but thats a whole new can of worms
) but thats a whole new can of wormsparis
Aug 21st 2006, 12:42 pm
#40
Joined: Jun 2006
Location: Granada Costa
Posts: 10,901
Re: Cost of living?
Originally Posted by Mitzyboy
Correct, if you are a Spanish resident you have those exemptions ... If you are a non resident then you don't pay wealth tax, but you should be paying a tax on your property as if you own a home there the government assumes you are letting it out ( ) but thats a whole new can of worms
) but thats a whole new can of wormsAs you rightly say, they pay a notional "letting" tax even if it is not actually let out. It is paid as income tax at a flat rate of 25% based on an assumed income of 2% of the catastral value.
If the property is actually let out then Spanish income tax is payable on the rental income with few of the deductions that a resident would get.
Aug 21st 2006, 1:01 pm
#41
Forum Regular
Joined: May 2006
Location: denia
Posts: 192
Re: Cost of living?
Originally Posted by Fred James
Non residents do pay wealth tax, but only on their assets in Spain (ie their house.) but with none of the exemptions that a resident gets.
As you rightly say, they pay a notional "letting" tax even if it is not actually let out. It is paid as income tax at a flat rate of 25% based on an assumed income of 2% of the catastral value.
If the property is actually let out then Spanish income tax is payable on the rental income with few of the deductions that a resident would get.
As you rightly say, they pay a notional "letting" tax even if it is not actually let out. It is paid as income tax at a flat rate of 25% based on an assumed income of 2% of the catastral value.
If the property is actually let out then Spanish income tax is payable on the rental income with few of the deductions that a resident would get.
paris
Aug 21st 2006, 1:09 pm
#42
Just Joined
Joined: Apr 2005
Posts: 10
Re: Cost of living?
Originally Posted by paris hilton
hi fred so as i am going to ne living permantly in spainsoon i wil be entitled to the exemptions?
paris
paris
Regards, macanna
Aug 21st 2006, 2:07 pm
#43
Joined: Jun 2006
Location: Granada Costa
Posts: 10,901
Re: Cost of living?
Originally Posted by macanna
I would appreciate a link to the Hacienda ( income tax) website in english, which I have been told is very informative.
Regards, macanna
Regards, macanna
You can then select English by clicking on the Union flag.
All with then be revealed
Aug 21st 2006, 2:09 pm
#44
Joined: Jun 2006
Location: Granada Costa
Posts: 10,901
Re: Cost of living?
Originally Posted by paris hilton
hi fred so as i am going to ne living permantly in spainsoon i wil be entitled to the exemptions?
paris
paris
You will also become liable to pay Spanish income tax on your world wide income.
Aug 21st 2006, 5:19 pm
#45
Senior Moment
Joined: Jan 2006
Location: On the edge
Posts: 20,460
Re: Cost of living?
Originally Posted by Fred James
Non residents do pay wealth tax, but only on their assets in Spain (ie their house.) but with none of the exemptions that a resident gets.