Moving to Oliva - Page 2

Gloria68 wrote on Thu Jan 27, 2022 9:04pm:

Hi

Well its not that easy now, you need to apply at the  Spanish consulate in UK, you need private health insurance you need to pay for a visa, and you need a certain income ,  look on the Spanish Consulate web site for moving to Spain, I know because we were thinking of going for residenc...

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...y, as we were waiting for a year to purchase a property in the UK, but it came through in June 2021, as we have a home in Spain for 17 years, have a look , 

katiecrow wrote on Fri Jan 28, 2022 11:59am:

Hello Gloria, Thank you for that, I wouldn't have thought to look at the consulate website. For us, the issue will be if our pensions cover the amount they require as "income".   We'll have some savings as well, but the return on that won't be great. 

That's why I asked the question if there would be the opportunity for work.  I love to keep active x...

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...

Kimmy11 wrote on Fri Jan 28, 2022 12:49pm:

Hi Katie,

I've already given you the relevant link to the Consulate website in my previous post.  As you´ve now shared that your husband is State retirement age, the Non-Lucrative Visa is likely to be the one most relevant for your needs.  The financial requirements for the NLV is around €34,0...

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...00 for a married couple for the 1st year.  For the 2-year renewals at years 2 and 4, the amount required is double that, i.e. around €68,000.  However, as these figures are based on Spain´s IPREM, which typically increases in January each year, the amount required for the NLV and subsequent renewals (until 5 years permanent residency is achieved) could increase.  

On the bright side, as your husband is drawing State pension, he should qualify for an S1 to transfer his right to free healthcare from the UK to Spain, and you should qualify as a dependant of your husband, allowing you to "piggy-back" on his S1 until you qualify for your own S1 at retirement age.  You should note, however, that your healthcare in Spain will be on the same basis as a Spanish national, which is means tested, so while you will receive free healthcare at the point of service, you may have to make a contribution to any prescription costs, depending on your level of income from pensions, savings, etc.

Kind regards,

Kim

katiecrow wrote on Fri Jan 28, 2022 2:21pm:

Hi Kim, Hubby is not on state pension yet, as only 56, but is on a service pension, state one won't come in for another few years yet.  

Wow, £68,000 per year is more than we earn now being employed!  How on earth can people afford to retire/move with those figures?? 😭😭😭

Kimmy11 wrote on Fri Jan 28, 2022 12:49pm:

Hi Katie,

I've already given you the relevant link to the Consulate website in my previous post.  As you´ve now shared that your husband is State retirement age, the Non-Lucrative Visa is likely to be the one most relevant for your needs.  The financial requirements for the NLV is around €34,0...

Read more...

...00 for a married couple for the 1st year.  For the 2-year renewals at years 2 and 4, the amount required is double that, i.e. around €68,000.  However, as these figures are based on Spain´s IPREM, which typically increases in January each year, the amount required for the NLV and subsequent renewals (until 5 years permanent residency is achieved) could increase.  

On the bright side, as your husband is drawing State pension, he should qualify for an S1 to transfer his right to free healthcare from the UK to Spain, and you should qualify as a dependant of your husband, allowing you to "piggy-back" on his S1 until you qualify for your own S1 at retirement age.  You should note, however, that your healthcare in Spain will be on the same basis as a Spanish national, which is means tested, so while you will receive free healthcare at the point of service, you may have to make a contribution to any prescription costs, depending on your level of income from pensions, savings, etc.

Kind regards,

Kim

Gloria68 wrote on Fri Jan 28, 2022 4:34pm:

Hi

When I looked into it you needed private health insurance before you got the visa, from insurance company on Spain, S1 is for those who applied before Vrexit, unless thats changed and if its changed rhen thats fine, 

Kimmy11 wrote on Fri Jan 28, 2022 4:33pm:

Hi Katie,

Yes, sadly, Brexit has wrecked the dreams of many people hoping to retire to Spain.  However, if people have a property to sell in the UK and are able to ring-fence €68,000 from the proceeds, it´s potentially still possible.  

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Just to clarify, the financial requirement for a NLV isn't £68,000 per year - it´s around €34,000 (approx. £28,200)  for the first visa, which lasts 1 year.  You then have to renew your residency, which lasts 2 years, so the €68,000 is for 2 years (i.e. €34,000/£28,200 per year).  Then you have to apply for a further residency renewal, which also lasts 2 years and, again, you have to prove €68,000 for that period.  Then you'll have been resident in Spain for 5 years, after which you can apply for your permanent TIE (residency) card, which lasts 10 years, and you no longer need to prove these income levels.

To give you an outline of the process, you make the initial application for the NLV at a Spanish Consulate in the UK - either London or Manchester, depending on your location, or Edinburgh if you live in Scotland.  If granted, you need to move to Spain within 3 months and 15 days, and apply for your TIE residency card at a Foreigners´ office within 1 month of arriving in Spain.  Some members, who've already done this, have suggested that it's possible to agree the date on which you want the visa to commence.

Unfortunately, as your husband isn't yet drawing State retirement pension, you will also both need private health insurance to support your visa applications.  Just to give you an idea, my husband and I, aged 63 and 61, with no pre-existing conditions, have mid-range cover and no excess (known in Spain as "co-payments"), and we pay €1,780 per year.  As you're both quite a bit younger, you'd probably be able to get similar cover for around an annual total of €1,400.  If this is something you would want to go ahead with, it would be worth asking the forum for insurance recommendations.

Kind regards,

Kim