Hi can anyone tell me when moving to Spain is the £34.000 income you need before tax or after tax.
The sum is €28,800 for the first applicant and 7200 for the second. That's just over £31,000 for a couple (depending on exchange rates) which is the gross amount required before tax.
Posted: Sun Jan 28, 2024 2:11pm
Thank you very much for your response that’s very helpful 👍
Posted: Sun Jan 28, 2024 3:19pm
Legendary helpful member
marcliff wrote on Sun Jan 28, 2024 1:48pm:
The sum is €28,800 for the first applicant and 7200 for the second. That's just over £31,000 for a couple (depending on exchange rates) which is the gross amount required before tax.
Hi Marcliff,
I think there may be a typo in your total, as I make €28,800 + €7,200 = €36,000 for a couple (not €31,000).
Hi Fran,
It's also worth noting that these figures are based on IPREM figures for 2023 and once the budget is announced in the first quarter of this year, the IPREM figure could increase for 2024, which will also increase the income required for the NLV.
Kind regards,
Kim
Kimmy11 wrote on Sun Jan 28, 2024 3:19pm:
Hi Marcliff,
I think there may be a typo in your total, as I make €28,800 + €7,200 = €36,000 for a couple (not €31,000).
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Hi Fran,
It's also worth noting that these figures are based on IPREM figures for 2023 and once the budget is announced in the first quarter of this year, the IPREM figure could increase for 2024, which will also increase the income required for the NLV.
Kind regards,
Kim
Look at the currencies. Yes, 36,000 EURO but I converted it to POUNDS as the original question was in pounds.
€36,000 approximately £31,000
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Posted: Sun Jan 28, 2024 3:50pm
Thank you so much kim we’re applying for a visa soon so need all the help we can get 👍
Posted: Sun Jan 28, 2024 3:56pm
Legendary helpful member
marcliff wrote on Sun Jan 28, 2024 3:37pm:
Look at the currencies. Yes, 36,000 EURO but I converted it to POUNDS as the original question was in pounds.
€36,000 approximately £31,000
How very rude of me to politely suggest there "may" be a typo in your total, I profusely apologise.
Posted: Sun Jan 28, 2024 3:56pm
Legendary helpful member
marcliff wrote on Sun Jan 28, 2024 3:37pm:
Look at the currencies. Yes, 36,000 EURO but I converted it to POUNDS as the original question was in pounds.
€36,000 approximately £31,000
How very rude of me to politely suggest there "may" be a typo in your total, I profusely apologise.
Posted: Mon Jan 29, 2024 11:17am
Very helpful member
28,800 and 7,000 still don't add up to 31.
Cheers,J
Posted: Mon Jan 29, 2024 11:19am
Very helpful member
Fran39 wrote on Sun Jan 28, 2024 1:27pm:
Hi can anyone tell me when moving to Spain is the £34.000 income you need before tax or after tax.
You will find that the Spanish Consul will be helpful, Manchester, London and Edinburgh. And will always be up to date with current requirements.
Cheers, J
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