Will I still get my pension if I move to Spain?

Although you may be living abroad, you can still receive your pension from either a personal or workplace provider. You will still be entitled to any annual increases that occur as if you were living in the UK. If you are planning on moving abroad, it is important to speak with your pension scheme or provider before doing so.

How much cash can you legally carry Spain?

Spain has enacted a new law to prevent money laundering and the financing of terrorism, setting a limit of 100,000 euros within the country. When entering or leaving Spain, no more than 10,000 euros can be carried in cash.

How much money do you need in the bank to live in Spain?

The main visa applicant will need to prove an income of 400% of the Spanish IPREM (Indicador Público de Renta de Efectos Múltiples), which in 2022 equates to €579,0 This means you will need to have an income of at least €2,316,08 per month or its legal equivalent in foreign currency.

The main visa applicant is required to show proof of income that is 400% above the Spanish IPREM (Indicador Público de Renta de Efectos Múltiples) for the year 202 This comes out to a total of €579,02 monthly, which is roughly the equivalent of $2,3108 USD per month.

Is Portugal cheaper than Spain?

Portugal is a great option for budget-minded travelers. Although airfare may be the most expensive part of your trip, Portugal is generally cheaper than Spain once you’re there.
Portugal is a beautiful country with plenty to see and do, making it a great choice for an affordable vacation destination. From stunning coastal towns to vibrant cities, there’s something for everyone in Portugal.
If you’re looking to save money on your next vacation, consider heading to Portugal instead of Spain – you’ll be glad you did!

How much is average rent in Spain?

The average monthly rent in Spain is quite reasonable, especially when compared to other countries in Western Europe. In the more central areas of Spain, such as Barcelona and Madrid, you can expect to pay around 600 euros per month. However, if you move away from these cities and into more rural areas, you can find rentals for as low as 400 euros per month.

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