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Resedencia and health insurance

Posted: Mon Jan 13, 2020 10:38pm
13 replies752 views7 members subscribed
Mark6012

Posts: 5

Location: Las Filipinas

2 helpful posts

I shall be getting recedencia this year as I plan to spend at least 6 months in Spain and continue to work in the UK to fund my stays until I retire in 7 years. My solicitor tells me I need €7500 in my Spanish bank and a comprehensive health policy. I need advice on some issues. I’m sure it’s a minefield but what is the cost of health policies? How do I stand as far as paying tax is concerned I believe I will need to pay tax on my UK earnings in Spain? Does this mean I won’t pay tax in the UK. 

Thanks in advance any help will be appreciated. 

jimtaylor

jimtaylor

Legendary helpful member

Tue Jan 14, 2020 4:30am

Posts: 4663

Location: Mudamiento

6287 helpful posts

Posted: Tue Jan 14, 2020 4:30am

Ref insurance, scroll down the page and click on Gran Alacant Insurances. Alfonso has an excellent reputation.

Ref tax, if you stay here 183 days or more in a calendar year, then you pay tax here on all your income. You can offset tax due by the amount paid in the UK. After submitting your first return here, you can opt out of the UK tax system. 

Financial requirements for residency are set by law, but many national police stations apply their own criteria.

Have a look at:

Jim's guides - your complete guide to Spain


Movingon

Movingon

Very helpful member

Tue Jan 14, 2020 9:18am

Posts: 1003

Location: Albatera

635 helpful posts

Posted: Tue Jan 14, 2020 9:18am

"Financial requirements for residency are set by law, but many national police stations apply their own criteria"  

True but with Brit applications now being handled centrally in Alicante surely that's an 'inconsistency' which should no longer be a feature. Maybe someone who has recently acquired residencia via that route can comment?

History now of course but when we obtained our residencias  in Orihuela our financials were barely glanced at. 

Mark6012

Mark6012

Original Poster

Tue Jan 14, 2020 10:41am

Posts: 5

Location: Las Filipinas

2 helpful posts

Posted: Tue Jan 14, 2020 10:41am

Thanks for the repliesI’m assuming brexit will have an effect on financials I’m also assuming that you have some sort of annual checks to show you still meet the criteria??
jimtaylor

jimtaylor

Legendary helpful member

Tue Jan 14, 2020 11:05am

Posts: 4663

Location: Mudamiento

6287 helpful posts

Posted: Tue Jan 14, 2020 11:05am

Movingon wrote on Tue Jan 14, 2020 9:18am:

"Financial requirements for residency are set by law, but many national police stations apply their own criteria"  

True but with Brit applications now being handled centrally in Alicante surely that's an 'inconsistency' which should no longer be a feature. Maybe someone who has recently acquired residencia via that route can comment?

History now of course but when we obtained our residencias  in Orihuela our financials were barely glanced at. 

True, but this forum also covers the Valencian province, where individual police stations are still taking applications - and applying their own criteria, favourably by accounts of people I know who have done it.

I do agree that feedback is needed from someone who has done the deed at Alicante.


jimtaylor

jimtaylor

Legendary helpful member

Tue Jan 14, 2020 11:07am

Posts: 4663

Location: Mudamiento

6287 helpful posts

Posted: Tue Jan 14, 2020 11:07am

Mark6012 wrote on Tue Jan 14, 2020 10:41am:

Thanks for the repliesI’m assuming brexit will have an effect on financials I’m also assuming that you have some sort of annual checks to show you still meet the criteria??

Brexit will lead to needing to prove an income of ~€2400 per month - effectively stopping people moving here - but I'm waiting to see what the Ministry of the Exterior say when the day comes.

RobScot

Tue Jan 14, 2020 12:11pm

Posts: 37

Location: Benimar

23 helpful posts

Posted: Tue Jan 14, 2020 12:11pm

Received our residentia at Alicante on Boxing Day and with the proper paperwork it took us a whole 5 mins

RayD

RayD

Legendary helpful member

Tue Jan 14, 2020 12:23pm

Posts: 3998

Location: Catral

2944 helpful posts

Posted: Tue Jan 14, 2020 12:23pm

jimtaylor wrote on Tue Jan 14, 2020 11:07am:

Brexit will lead to needing to prove an income of ~€2400 per month - effectively stopping people moving here - but I'm waiting to see what the Ministry of the Exterior say when the day comes.

Well, los ministros nombramientos are being decided today at the first meeting of the Concejo de Ministros.

Interesting who get the job.

jimtaylor

jimtaylor

Legendary helpful member

Tue Jan 14, 2020 12:39pm

Posts: 4663

Location: Mudamiento

6287 helpful posts

Posted: Tue Jan 14, 2020 12:39pm

RobScot wrote on Tue Jan 14, 2020 12:11pm:

Received our residentia at Alicante on Boxing Day and with the proper paperwork it took us a whole 5 mins

I'm sure it would help others if you'd advise whether they were looking for regular income over x months, or a lump sum, and whether they accepted UK bank statements.

RobScot

Tue Jan 14, 2020 1:00pm

Posts: 37

Location: Benimar

23 helpful posts

Posted: Tue Jan 14, 2020 1:00pm

They accepted bank statements from the last three months with a total over the €7000 each total.

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