Never retire to a foreign country on a whim. Likewise, never rush into a housing purchase just because you had a great holiday. Speak with a knowledgeable person about your intended perches. Find the advantages and disadvantages of retiring in Spain. There are Internet addresses where you can read about the advantages of living in your chosen country. Interestingly enough statistics tell us that 25% of retirees from Britain do so in Spain. It's at the top of everyone's list Also; Spain is a very popular retirement spot, for citizens from countries such as The US, Germany, The Netherlands, and Scandinavia.
Immigrating always costs more than you initially think. Put your savings and finances in order. Get professional tax advice before your move. Hire an Abogado (lawyer) to help you with your house purchase and use the services of a Gestor to assist in your paperwork in preparation for living in Spain. Make sure you have a Steady income stream. Remember to calculate in an extra 10% for fees and taxes regarding the value of any real estate you plan to buy. Be certain when retiring that you can meet your costs of living in Spain.
Do you need to be near medical facilities? Would being near public transport and shops be a good idea? List your needs and the available facilities and amenities you will want to live near. How about retiring near swimming pools, golf courses, and gyms? This list will help you choose your area.
There are parts of everyday life no matter where we have that we don't like to think about. If your spouse dies tomorrow and you can't drive, are the facilities and stores close enough? Will public transportation be near enough for you? If illness strikes you, will you be near enough to good medical facilities? These are things to consider.
Do you know that your Will may not be valid in your adopted country? In Spain make sure your Will is in Spanish. It should cover your intentions and asset disposal. Talk to a good Abogado and tax adviser on inheritance planning. For the first year, at least it's a good idea to rent your accommodation. You should also make arrangements to keep you home you left in your homeland - just in case.
Before you board that your plane train or ship to go to Spain you must make certain about your healthcare coverage. Most EU countries have arranged for their citizens but if you are immigrating from outside the EU, then you had better figure out how you can pay into the Spanish Social Security System for Spanish health coverage. If paying into the Security System possible for you than you had better get a private health carrier.
Immigrating always costs more than you initially think. Put your savings and finances in order. Get professional tax advice before your move. Hire an Abogado (lawyer) to help you with your house purchase and use the services of a Gestor to assist in your paperwork in preparation for living in Spain. Make sure you have a Steady income stream. Remember to calculate in an extra 10% for fees and taxes regarding the value of any real estate you plan to buy. Be certain when retiring that you can meet your costs of living in Spain.
Do you need to be near medical facilities? Would being near public transport and shops be a good idea? List your needs and the available facilities and amenities you will want to live near. How about retiring near swimming pools, golf courses, and gyms? This list will help you choose your area.
There are parts of everyday life no matter where we have that we don't like to think about. If your spouse dies tomorrow and you can't drive, are the facilities and stores close enough? Will public transportation be near enough for you? If illness strikes you, will you be near enough to good medical facilities? These are things to consider.
Do you know that your Will may not be valid in your adopted country? In Spain make sure your Will is in Spanish. It should cover your intentions and asset disposal. Talk to a good Abogado and tax adviser on inheritance planning. For the first year, at least it's a good idea to rent your accommodation. You should also make arrangements to keep you home you left in your homeland - just in case.
Before you board that your plane train or ship to go to Spain you must make certain about your healthcare coverage. Most EU countries have arranged for their citizens but if you are immigrating from outside the EU, then you had better figure out how you can pay into the Spanish Social Security System for Spanish health coverage. If paying into the Security System possible for you than you had better get a private health carrier.
About the Author:
Soldan Tobowski is writing at large for http://www.spain-tips.com , an online site about pension in spain . His comments on pension in spain and savings in spain are found on his website .
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