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Post by mysty on Feb 27, 2023 21:34:51 GMT 1
How much do a couple get on a basic UK pension?
If they get 2658 euros a month they can live in France.
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exile
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Massif Central
Posts: 2,560
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Post by exile on Feb 28, 2023 0:54:07 GMT 1
UK State pension for 2 fully paid up pensioners is £1605 pm.
They may well be due pension credit in the UK but that I think disappears when you move abroad. So looks like they would have to have additional pension sources to meet your €2658 pm equivalent to £750 - 800pm.
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Post by tim17 on Feb 28, 2023 7:52:25 GMT 1
The figure is net income so in reality that's more than 3K per month which is bonkers given that many French pensioner couples don't have that sort of income.
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Post by mangetout on Feb 28, 2023 8:07:45 GMT 1
Where does that figure come from?
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Post by lapourtaider on Feb 28, 2023 9:40:56 GMT 1
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Post by pcpa on Feb 28, 2023 11:57:53 GMT 1
Where does that figure come from? From a very trustworthy bloke on a forum! |
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Post by mysty on Feb 28, 2023 12:47:27 GMT 1
Where does that figure come from? Third Country National. The minimum monthly earnings requirements has therefore increased from nothing to €1,329 net income per month for a single person and around €2,658 net income per month for a couple. For a British family moving to France with 3 children, they will now have to show a gross annual income of around €60,000. |
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Post by lapourtaider on Feb 28, 2023 13:06:13 GMT 1
Where does that figure come from? Third Country National. The minimum monthly earnings requirements has therefore increased from nothing to €1,329 net income per month for a single person and around €2,658 net income per month for a couple. For a British family moving to France with 3 children, they will now have to show a gross annual income of around €60,000. So straight from the link I posted....😎 |
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Post by cernunnos on Feb 28, 2023 14:14:50 GMT 1
The figure is net income so in reality that's more than 3K per month which is bonkers given that many French pensioner couples don't have that sort of income. Not really bonkers , because French pensioners can fall back on all the French extra assistance ( being French ) , if they need it . |
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Post by lindalovely on Feb 28, 2023 15:35:42 GMT 1
It's considerably less than third country nationals need to settle in the UK
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Post by tim17 on Feb 28, 2023 15:52:00 GMT 1
The figure is net income so in reality that's more than 3K per month which is bonkers given that many French pensioner couples don't have that sort of income. Not really bonkers , because French pensioners can fall back on all the French extra assistance ( being French ) , if they need it . On the face of it it's bonkers because millions here can and do survive on less. Brit retirees will have a guaranteed income and healthcare paid for by the UK so hardly a burden on the French state. However, if you dig a bit deeper you'll see that these income limits are guides only and not set in stone so it's likely applicants for full residency status will not need such a high income. |
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Post by lindalovely on Feb 28, 2023 17:00:26 GMT 1
Not really bonkers , because French pensioners can fall back on all the French extra assistance ( being French ) , if they need it . On the face of it it's bonkers because millions here can and do survive on less. Brit retirees will have a guaranteed income and healthcare paid for by the UK so hardly a burden on the French state. However, if you dig a bit deeper you'll see that these income limits are guides only and not set in stone so it's likely applicants for full residency status will not need such a high income. I've been following many cases of third country nationals applying for residency permits on a dedicated FB group. In fairness most of them are not British but nevertheless I don't think British applicants are given special treatment and on the whole the income limits are pretty much enforced... It is I think equivalent to the minimum wage for each person. These limits are more than those required for EU citizens, which is set at the level equivalent to RSI. In some rare cases an allowance is made if people already own a property outright, but in practice this only applies to people who already have a second home here, as most people are not daft enough to buy a property before they are granted a residents permit. If you have considerable savings that may also be taken into account. Third country nationals have to do more than show they will not be a burden (that applies to EU citizens only). They have to show how they will contribute, either through working, establishing a business or just having enough money to live comfortably enough. The retirement income may be guarranteed but it's value in euros isn't and is very much dependent on the strength of the pound. Most other EU countries have higher income requirements for TCNs than France |
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Post by lindalovely on Feb 28, 2023 17:13:54 GMT 1
And just to add
Spain: €27,792.96 per year.
Italy: minimum annual income of EUR 31,000. For married couples seeking to retire in Italy, the minimum amount necessary is EUR 38,000.
Countries such as Spain and Portugal also offer a 'Golden visa' where you make a significant financial investment in the country and then you can stay
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Post by pcpa on Feb 28, 2023 18:38:44 GMT 1
It seemed very generous to me considering that despite the OP it is not aimed at retirees or inactifs with capital income but typically a working age couple probably with dependant children. It really should be a lot higher to dissuade the dreamers.
They definitely take into account that you own your own home, the figure is set expecting people to rent or make mortgage repayments, I reckon they would take into account that retirees pension income is guaranteed and that usually their train of life is not so expensive as working age people with children.
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exile
Member
Massif Central
Posts: 2,560
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Post by exile on Feb 28, 2023 23:36:37 GMT 1
Not really bonkers , because French pensioners can fall back on all the French extra assistance ( being French ) , if they need it . On the face of it it's bonkers because millions here can and do survive on less. Brit retirees will have a guaranteed income and healthcare paid for by the UK so hardly a burden on the French state. However, if you dig a bit deeper you'll see that these income limits are guides only and not set in stone so it's likely applicants for full residency status will not need such a high income. Not for new arrivals. The days of the S1 died on the day Brexit came into force. Only those already legally resident in an EU country and in receipt of an S1 already would have that continued (and I think even that might be reviewed in the future under the terms of the agreements.) New arrivals can I believe sign onto the French system after 3 months residency here but they then become a call on the French state's resources. |
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