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Savings and Income after Brexit

Posted: Mon Nov 16, 2020 9:00pm
4 replies183 views2 members subscribed
Janie 20

Posts: 4

Location: Villamartin

Joined: 10 Jul 2020

Hi guys im hoping to move to Spain in a few years time. I love the look of Calpe. My question is how much savings will i need to have for residency after Brexit and how much income will my hubby and i need to satisfy the Spanish authorities.

Thank you. Stay safe everyone 

elinspain

Posted: Mon Nov 16, 2020 9:26pm

elinspain

Legendary helpful member

Posts: 3222

4099 helpful points

Location: La Mata

Joined: 4 May 2018

Posted: Mon Nov 16, 2020 9:26pm

Hello

 I dont think anyone can answer that question, we are yet to get absolute concrete information about what  will be needed  in Jan. 2021 when the withdrawal agreement ends. Some figures have been quoted but things are still undecided until a deal or no deal is agreed.

You say you could move in  " a few years time"  which is impossible to predict, so I'd say, save ,save, save,  as moving from a Third Nation Country ( which the UK will be) will always be expensive. Sorry I cant offer more help...

Cheers

Elinspain

Janie 20

Posted: Mon Nov 16, 2020 9:48pm

Janie 20

Original Poster

Posts: 4

Location: Villamartin

Joined: 10 Jul 2020

Posted: Mon Nov 16, 2020 9:48pm

elinspain wrote on Mon Nov 16, 2020 9:26pm:

Hello

 I dont think anyone can answer that question, we are yet to get absolute concrete information about what  will be needed  in Jan. 2021 when the withdrawal agreement ends. Some figures have been quoted but things are still undecided until a deal or no deal is agreed.

You say you could move in  " a few years time"  which is impossible to predict, so I'd say, save ,save, save,  as moving from a Third Nation Country ( which the UK will be) will always be expensive. Sorry I cant offer more help...

Cheers

Elinspain

Thank you for replying. I understand what your saying that we cant predict what is going to happen till after Brexit . Thats exactly what im doing save save save. I hope i can still follow my dream in the future

Thank you so much . Stay safe. 

tebo53

Posted: Tue Nov 17, 2020 9:01am

tebo53

Legendary helpful member

Posts: 4775

4960 helpful points

Location: Benidorm

Joined: 29 May 2018

Posted: Tue Nov 17, 2020 9:01am

Janie 20 wrote on Mon Nov 16, 2020 9:00pm:

Hi guys im hoping to move to Spain in a few years time. I love the look of Calpe. My question is how much savings will i need to have for residency after Brexit and how much income will my hubby and i need to satisfy the Spanish authorities.

Thank you. Stay safe everyone 

I understand that after 1st January 2021 you will need to prove that you have an income of about €25,500 per annum or lump sum savings of €32,000 which need to be in your account for the first 5 years to gain residency. 

"In a few years" who knows!!!

Steve 

Janie 20

Posted: Tue Nov 17, 2020 1:55pm

Janie 20

Original Poster

Posts: 4

Location: Villamartin

Joined: 10 Jul 2020

Posted: Tue Nov 17, 2020 1:55pm

tebo53 wrote on Tue Nov 17, 2020 9:01am:

I understand that after 1st January 2021 you will need to prove that you have an income of about €25,500 per annum or lump sum savings of €32,000 which need to be in your account for the first 5 years to gain residency. 

"In a few years" who knows!!!

Steve 

Thank you Steve for replying. Hopefully it will change in a few years time. Thats alot of money to find . Im not giving up my dream yet.

Thank you

Stay safe 

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Gentlevan Removals
ASSSA Insurance
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