Post-Transition income requirements for Expats (immigrants) from Britain
Super helpful member
From 2021 it will be far far more difficult to retire to Spain from the U.K.
Initially to obtain residence (a legal requirement after staying here 90 days) you have to demonstrate a large income, approx €30,000 annually. After Year one you have to show that for the next two years you have that income guaranteed. After Year three you have to do it all again. However, after you have been here five years you get permanent residence. It’s a high hurdle! So if you can get here before 31 December that is advisable...
For a non lucrative visa, which is what retirees would need to apply for, the income amounts are the same, e.g.€32K for a couple. That amount would need to be double for renewing the visa for years 2&3 - see explanation here: https://expatsmagazine.org/renewing-your-non-lucrative-residence-permit/?fbclid=IwAR3-iWsFmCxW_I5DUVkspSQSwoG5BsvyQUgxJFFrYg8MDeo36cBYa0tMC_k
Chris