Is it still possible? - Page 2

I applied for my residencia just after the vote for Brexit. When I went, I had to show my bank statements with my pension income . AND show I had money in the bank. At that time, they looked at 3 months worth of income, so knew what I received  monthly. I have since been told, anecdotally,  that they are not that strict. Depends on who you talk to.  Contact some of the translators, they will know exactly what is required.  Better than guessing. 

I applied for my residencia just after the vote for Brexit. When I went, I had to show my bank statements with my pension income . AND show I had money in the bank. At that time, they looked at 3 months worth of income, so knew what I received  monthly. I have since been told, anecdotally,  that they are not that strict. Contact some of the translator

Yes I think a lot of this is up in the air. Previously 7k was enough to gain residencia. We can show the 32k or whatever it is in the bank but we don’t have anywhere near 5 times that. We bought our place outright about 5 years ago and were due to move over last October but due to covid, we just couldn’t get over. 
getting residencia is a must for us but it’s still not clear exactly what they want to see. 

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.

Good Heavens! That seems an extraordinary high amount. There is no way that we could meet this criteria and I suspect we are not alone. I think the Spanish Government are going to shoot themselves in the foot with this and lose a heck of a lot of money. By restricting their main expat population to 90 days and then making any idea of retirement or even semi retirement out of reach financially for most there are going to be a lot of empty houses or the housing market will be flooded with the properties of the expats who can no longer plan retirement or even long holidays.

Disaster!

Flo

Yes. Hope they re-visit these amounts. we could easily live on €1000 a month between me and my wife having bought our place outright. We plan to move next year but god only knows if this is achievable now. We can show £50,000 in the bank and we have rental income from a property in the U.K. so that’s what we intend to live on really. Another problem is what I’m hearing about not being able to work under the non-lucrative visa. That’s a big issue too

Under schengen rules, you have to prove that your job could not be done by an European.  So what is it that you do? 

The amounts that are stated, is to ensure you will not be a drain on Spain. Dont forget, you will have to pay for your health care and medication out of that money. My partners medication would cost €200 per month. If we had to pay for it. Quite a sizeable amount. 

These rules have been in place for a while. Any Australian or Canadian ( for example) immigrant has had to fulfill them.

It does make it much harder for Brits to move here though. 

Yes I know about the healthcare. we were due to move last October but due to covid we just couldn’t. We’re 53 & 52 years old and want to work in some capacity. I’m an engineer at a hospital but also qualified electrician, swimming pool engineer, locksmith. Various skills really. 
just hope they change some of the criter

Engineer sounds hopeful, so maybe not impossible.  Just very difficult at the moment. Can you delay for 6 months? Things might have relaxed, levelled out a bit.

Thanks, but you couldn’t have read my previous posts on this. We own our own property and also have a U.K. property which is rented so we have a regular income from that. Im fully aware of the work situation yet I’ve still been offered work when I’ve been over. I don’t need to work but I’m too young to want to stop just yet.