Useful webinar / video for those planning to relocate post Brexit

I copied this here from a previous post, hope it help those looking to retire in the sunshine.

As a couple section 8 for the non lucrative visa in 2021 it states:

For the main applicant 400% of IPREM currently 564.90 / month so 27115.20 per year

For each dependant 100% of IPREM currently 564.90 / month so 6778.80 per year

So for a couple add the two together and it's 33894.00 Euros per year  (at todays exchange rate of 1.13) it's equivalent to £30,165.66

Another problem will be private health insurance taken out by an insurance company authorised to operate in Spain. Expect IRO 2,500 to 3,000 per year per couple very much dependant on your current medical condition.

NON-LUCRATIVE RESIDENCE VISA

IPREM Indicador Público de Renta de Efectos Múltiples

Good video. Thanks for posting it.

The British Consul appeared to say that the S1 process is still valid for healthcare. She was non-specific on the scope of application, and therefore seemed to imply that the process is still in place going forward for UK pensioners.

I have difficulty reconciling this with the UK Gov website (quoted below).

Can anybody reconcile this for me ? 

If UK pensioners wishing to retire to Spain CAN continue to benefit from S1 healthcare, this is really good news.

https://www.gov.uk/guidance/living-in-spain#healthcare

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State healthcare: S1

If you have a registered S1 form and were living in Spain before 1 January 2021, your rights to access healthcare will stay the same from if you are either:

• receiving a UK State Pension
• receiving some other ‘exportable benefits’
• a frontier worker who lives in Spain and commutes to work in the UK

Read our guidance on using an S1 form in Spain to ensure you are correctly registered in healthcare.

Thanks, this is my understanding of the non-lucrative visa financial requirements also.

However, and I think I am correct here, this would be for year 1 only, and it would take 5 years to get full residency in Spain, as a 3rd country national.  

Therefore, if I'm correct, this is what would be the financial requirement for residency, for a couple:

  - For first year residence permit prove funds of:  €33,894

  - At end of 1st year, to get a 2 year visa/permit prove funds of:  €67,788

  - At end of 3rd year, to get another 2 year visa/permit, again prove funds of:  €67,788

  -  At end of 5th year permanent residency can be applied for and no proof of funds needed.

Assuming the proof of funds is not an issue, the main risk as I see it, as someone who wants to retire to Spain, would be buying your new property and being refused a new permit at the end of year 1 or 3, or indeed not being granted residency at the end of year 5, I'd like to assume that if you get the 1st permit that the following ones would not be an issue, assuming all requirements can still be met.

Despite all of these new requirements for people in the UK, my Wife and I are still determined to retire to Spain in the next couple of years, and so I'll keep a keen eye out for how others get on with there permit requests going forward.