Minimum income
Aug 1st 2017 | 1:36 am
#31
Forum Regular
Joined: May 2015
Posts: 56
Re: Minimum income
I was reading that you need to have proof of income to register as resident in Spain; some sites suggest a minimum of 9k euros pa. I'm hoping to come over with a pension of approx 6k euro pa (at today's low exchange rate) and capital for a rainy day of 25k euro (from which healthcare will be paid). I'll own my house outright and my pension will rise considerably once my state pension kicks in (6 years). I'm confident that I can live on this income (and have done here in the UK for a couple of years) but my question is - will this satisfy the authorities as adequate means? If anyone has already been approved on this sort of income I'd be pleased to hear it. Thanks.
Evidence of economic means sufficient to support your stay and, depending on the case, to support your family,during the stay length you are applying for, without working.
- For your support: 2,130.04€ per month.
- For the support of each member of your family: 532.51€ per month.
- For your support: 2,130.04€ per month.
- For the support of each member of your family: 532.51€ per month.
Aug 1st 2017 | 2:27 am
#32
EU hoo
Joined: Jan 2014
Posts: 1,954
From: émigré of nowhere
Re: Minimum income
Assuming that figure would apply across the board, then for a soon to be non-EU UK pensioner that's the equivalent of net income of £23,000 pa. That would count quite a few out.
Bloody nora, in some parts of the country you could live like a King on that.
Bloody nora, in some parts of the country you could live like a King on that.
Aug 1st 2017 | 2:56 am
#33
Headpoopscopper
Joined: Apr 2013
Posts: 265
From: near Rojales
Re: Minimum income
wonder how many thousands of spainish don't have that, never mind us.
Aug 1st 2017 | 3:28 am
#34
BE Enthusiast
Joined: Aug 2012
Posts: 549
From: Granada Province
Re: Minimum income
Can see all the concerns of course. But whether the Spanish have that or not is not relevant, thats how much a non EU retirement visa application needs. I suppose there may be some form of concession for an existing Spanish home owner after Brexit, but again we shouldn't expect any special treatment after we leave vountarily!!! I think the last timeI looked (worse case planning!) we needed about 32000 euros! Compared to the 9000 for a couple currently, BIG difference.
Aug 1st 2017 | 3:38 am
#35
BE Enthusiast
Joined: Aug 2009
Posts: 553
From: now just seville ( province)
Re: Minimum income
When you are sat there, in front of a functionario who will not budge, there is not a lot you can do, except of course pay an awful lot for a good abogado and have them go instead.
Pete
Aug 1st 2017 | 3:43 am
#36
EU hoo
Joined: Jan 2014
Posts: 1,954
From: émigré of nowhere
Re: Minimum income
Aug 1st 2017 | 3:48 am
#37
Joined: Jun 2006
Posts: 11,231
From: Granada Costa
Re: Minimum income
There are very different requirements for non EU immigrants. Spain can impose whatever rules they like regarding income and be very specific about what is required.
The rules regarding EU immigrants are laid down by EU law and part of that is that you CANNOT specify a specific amount as it will depend on individual circumstances. That is the reason that no one will quote an exact figure.
This thread is about the minimum requirement for EU citizens wishing to live in Spain. Discussion about the requirements for non EU immigrants is irrelevant and should be covered in a new thread specific to that situation, otherwise confusion will reign.
The rules regarding EU immigrants are laid down by EU law and part of that is that you CANNOT specify a specific amount as it will depend on individual circumstances. That is the reason that no one will quote an exact figure.
This thread is about the minimum requirement for EU citizens wishing to live in Spain. Discussion about the requirements for non EU immigrants is irrelevant and should be covered in a new thread specific to that situation, otherwise confusion will reign.
Aug 1st 2017 | 4:09 am
#38
EU hoo
Joined: Jan 2014
Posts: 1,954
From: émigré of nowhere
Re: Minimum income
The UK has already proposed that only EU citizens having lived legally and continuously in the UK for a period of 5 years be granted permanent residence status.
The OP is planning early retirement in Spain, post Article 50 having been triggered. We don't know yet of course, but should that criteria be reciprocated by the EU, wouldn't non-EU qualification be relevant ? In a forewarned is forearmed kind of way ?
The OP is planning early retirement in Spain, post Article 50 having been triggered. We don't know yet of course, but should that criteria be reciprocated by the EU, wouldn't non-EU qualification be relevant ? In a forewarned is forearmed kind of way ?
Last edited by iano; Aug 1st 2017 at 4:57 am.
Aug 1st 2017 | 5:19 am
#39
BE Enthusiast
Joined: Aug 2012
Posts: 549
From: Granada Province
Re: Minimum income
The UK has already proposed that only EU citizens having lived legally and continuously in the UK for a period of 5 years be granted permanent residence status.
The OP is planning early retirement in Spain, post Article 50 having been triggered. We don't know yet of course, but should that criteria be reciprocated by the EU, wouldn't non-EU qualification be relevant ? In a forewarned is forearmed kind of way ?
The OP is planning early retirement in Spain, post Article 50 having been triggered. We don't know yet of course, but should that criteria be reciprocated by the EU, wouldn't non-EU qualification be relevant ? In a forewarned is forearmed kind of way ?
The rub is that no one has said what the cut off date is as yet! Article 50? Exit date? Who knows?
Aug 1st 2017 | 8:36 am
#40
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 6,172
Re: Minimum income
I agree they have not said what that date is yet mind they haven't said much at all re the grand plan or non plan really. However from media it does seem that the UK has accepted that it will be the date we actually leave. Of course there is then the probability of a so called transitional period one minute that means freedom of movement is extended then it doesn't? So who knows.
Aug 8th 2017 | 2:42 am
#41
Thread Starter
Forum Regular
Joined: Feb 2016
Posts: 38
Re: Minimum income
The minimum incomes quoted don't seem to take account of whether you own your home or not - that makes a huge difference in the income needed. For myself, I fortunately also have an Irish passport, so will remain European pr-Brexit, thankfully. Many thanks to everyone who has replied to my original post.
Aug 8th 2017 | 2:44 am
#42
Thread Starter
Forum Regular
Joined: Feb 2016
Posts: 38
Re: Minimum income
Sorry, bobd22, just read your reply re. home ownership.
Aug 8th 2017 | 2:48 am
#43
Thread Starter
Forum Regular
Joined: Feb 2016
Posts: 38
Re: Minimum income
And I will certainly use a gestor when the time comes!
