Income required to live in Spain

These are the words (the requirements) from the Non-Lucrative Visa application form.

Not good news I'm afraid.

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5. Certificate of criminal record (only in the case of persons over 18 years of age, criminal age in Spain) issued by the country or countries where the applicant has resided within the five years preceding the date of the visa application. It cannot be older than 3 months, unless the certificate itself specifies a longer expiration. These certificates must be legalised through the consular representations of the issuing country or, in the case of signatory countries to the Hague Convention of October 5, 1961, hold the Hague Apostille, except official documents issued by a Member State of the European Union, which will not require to be legalised. Sworn translation into Spanish is also required. 

6. Public or private health insurance taken out by an insurance company authorised to operate in Spain. 

7. Medical certificate, issued no later than 3 months prior to the date of application, it must be formulated in the following terms or similarly:  If the medical certificate is issued in the United Kingdom: “This health certificate states that Mr./Mrs. (…) does not suffer from any of the diseases that may have serious public health repercussions in accordance with what is stipulated by the International Health Regulations of 2005” Certificates issued in the United Kingdom must be accompanied by a sworn translation into Spanish.

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Here is the link to the form

http://www.exteriores.gob.es/Consulados/LONDRES/en/Consulado/Documents/RES%20ES-EN.pdf

(Spanish & English)

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Here are the words relating to the income requirements

8. Financial means required to cover the living expenses and, where appropriate, those of their family members, for one year, in accordance with the following amounts: - For the support of the main applicant, monthly, 400 % of the IPREM (Indicador Público de Renta de Efectos Múltiples), which in 2020 amounts to 537,84 €, being 2.151,36 € or its legal equivalent in foreign currency. - For the support of each of the family members in charge, monthly, 100% of the IPREM, which in 2020 amounts to 537,84 € or its legal equivalent in foreign currency. The availability of sufficient financial means will be evidenced by the submission of original and stamped documents that verify the perception of a periodic and sufficient income or the holding of an estate that guarantees the perception of that income. If the financial means come from shares or participations in Spanish companies, mixed or foreign companies, based in Spain, applicants shall prove, by certification thereof, that they don’t carry out any work activity in such companies and will submit an affidavit to that effect. 

Others on this forum have indicated that the IPREM figure mentioned above has increased slightly, leading to the figures of EU 28k for the first applicant/33k for a couple.

Note the reference to periodic and sufficient means (or investment estate of equivalent yield). It remains to be tested if these conditions can be met by having significant funds in the bank.

Thank you Kevin, no it doesn't look good for us, but I suppose we could still come for 6 months out of a year. The only thing is we won't sell our house we'd just have to rent. I don't know how other people manage to go and live there, surely a lot of single older  people are not on that type of Income. Thank you for your quick response and help. Kind regards Gwen 

Sorry Kelvin, I wrote Kevin, apologies. Gwen

No worries, I have been called worse ....

Don't give up just yet. The words on the documents are very daunting, but we don't know, yet, how they will be interpreted.

Until 31/12/20, the financial hurdles were far lower, so there are lots of people here who would not be able to meet the revised criteria if they had to start again.

I will never give up, I'm sure there will be lots to consider and with this awful virus we're not going anywhere just yet, so plenty of time to sort it out, thank you again Kelvin. Gwen

Don’t lose all hope Honduki.  The important words are ‘for one year’.  We do, in fact, manage to live here on our state pension income, but when applying for residence we were able to show a lump sum in our (UK)bank which would more than cover the amount now being demanded, along with evidence of our pensions being paid monthly into our Spanish bank account.

When you think about it logically, the Spanish just want to reassure themselves that newcomers are not likely to become a liability for the state coffers. I expect, when your husband is ready to draw his private pension, that he will have the option to draw a lump sum, sufficient to keep the officials happy at the time of seeking residency, although keeping that balance in your bank for the requisite three months may delay your plans for a short while.

Very helpful Purple gran, great information it made me feel more positive, thank you. Gwen 

Have a look at the Citizens Advice Bureau Spain website.

This gives a fairly good synopsis of the income and residency requirements. https://www.spectrum-ifa.com/moving-to-or-living-in-spain-after-brexit-what-do-you-need-to-do/