Can I retire to Majorca?

Yes, you can retire to Majorca, and it is a popular, desirable destination for expats, particularly those from the UK, offering a Mediterranean lifestyle with 300+ days of sunshine, high-quality healthcare, and a welcoming community. Key requirements include securing a Non-Lucrative Visa (NLV) (for non-EU citizens), proving financial means (approx. €2,400+ per month), and obtaining private health insurance.

Can I retire to Majorca from the UK?

Yes, you can still retire in Spain after Brexit, but you'll need to apply for a visa and meet financial requirements. As a British retiree, you're now considered a non-EU national, meaning you must secure a residency permit and follow specific legal obligations for long-term stays in Spain.

How much do you need to retire in Mallorca?

The retirement visa income requirement remains €28,800 (~$31,050) annually, with an extra €7,200 (~$7,763) per dependent. Spain's tax rates for 2025 range from 19% to 47% for ordinary income and 19% to 30% for savings income.

Is Majorca a good place to retire?

Mallorca offers a Mediterranean climate with mild winters, hot summers, and over 300 days of sunshine, making it a top retirement destination. The affordable cost of living, especially in comparison to the UK and other big cities in Spain, allows retirees to stretch their savings further.

How much money do I need to retire to Spain from the UK?

If you buy a property and have no mortgage, the minimum income to retire in Spain you will need is around €1,500-€2,000 a month for a comfortable way of life. Once you are a resident you will be liable to pay tax in Spain if your worldly wealth makes it necessary.

Watch this before you move to paradise island Mallorca

Can I retire in Spain and collect social security?

Normally, persons who are not U.S. citizens may receive U.S. Social Security benefits while outside the U.S. only if they meet certain requirements. Under the agreement, however, you may receive benefits as long as you reside in Spain regardless of your nationality.

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

In calculating the proof of income for non-lucrative residency, you must have an annual income of 400% of IPREM in your bank account. The IPREM for 2025 remains at €600 per month. Therefore, as an individual, you will need to have €2,400 as a regular guaranteed monthly income or a yearly income of €28,800.

What are the downsides of retiring in Spain?

Spain also offers a rich cultural scene and easy travel within the EU. Cons can include bureaucracy, language barriers, and potential tax implications for foreign income. Some areas may also experience seasonal crowds or rising property prices.

What should I be careful of in Majorca?

Drink spiking and alcohol

Be alert to the possible use of 'date rape' and other drugs including GHB and liquid ecstasy. Buy your own drinks and always keep them in sight to avoid them being spiked. Alcohol and drugs can reduce your vigilance, making you less in control.

Can British citizens live in Majorca?

Yes! The island has a growing community of expats who decided to embrace the Mediterranean lifestyle with a move to Mallorca. The island welcomes newcomers, making it an appealing destination for those seeking a fresh start.

Can I retire to Spain on state pension?

You are still entitled to your UK state pension if you retire in Spain, provided you have made sufficient national insurance contributions and are of retirement age. As the country is in the European Economic Area (EEA), it will increase in line with any rises in the UK.

What is the 2 year rule in Spain?

The new regulation defines and broadens five forms of arraigo: Social arraigo – requires a minimum of 2 years' stay in Spain and a job offer or proof of financial means. Labour arraigo – for those who have worked at least 6 months and resided in Spain for 2 years.

What is the easiest country for Brits to retire to?

The easiest countries for UK retirees often include Portugal, Spain, and Greece due to their warm climates, lower cost of living, established expat communities, and straightforward residency options like Portugal's D7 Visa or Spain's Non-Lucrative Visa, offering good healthcare access and simple driving license exchange, with Portugal frequently cited as a top choice for its affordability and lifestyle. Other strong contenders are Malta, with favourable tax, and Costa Rica, offering low costs and no foreign pension tax. 

What happens to my UK pension if I move to Spain?

For example, if you move to Spain and become a tax resident there, your pension is usually taxed under Spanish rules, not UK rules. However, in some cases, the UK may also claim tax on your pension income which could lead to the risk of being taxed twice.

What is the Beckham law for retirees in Spain?

By being taxed at a flat rate of 24% on Spanish income, expatriates can enjoy lower tax liabilities compared to the progressive tax rates applicable to residents. Additionally, the Beckham Law exempts foreign income from Spanish taxation, simplifying financial management for expatriates with international investments.

Which parts of Spain are anti-tourist?

Beginning in April 2024, there have been protests in Spain against overtourism, specifically in the archipelagos of the Balearics and Canaries, and in the mainland cities of Barcelona, San Sebastian and Málaga.

How much money do I need in the bank to retire to Spain?

To qualify for the Spain Retirement Visa, you must prove you have sufficient funds to support yourself: €28,800 annually for a single applicant (400% of the IPREM). €7,200 annually for each dependent or family member.

Why are Brits moving out of Spain?

The new residency rules, uncertainty around healthcare, tightening financial situations, and job market difficulties are just a few of the problems they face. These issues have transformed what was once an ideal expat experience into a situation filled with red tape and cultural hurdles.

Can I move to Spain with no savings?

Financial Independence: Proof of sufficient passive income, such as pensions, rental income, or savings, is essential. Applicants need at least €2,400 per month (400% of IPREM) for a single applicant, or €28,800 annually.

Where are Brits moving to?

Top 10 Countries Brits Moved to from the UK in 2025

• Australia – The UK's Favourite Destination. ...
• United Arab Emirates – Career Rewards and Luxury Living. ...
• United States – The Land of Opportunity. ...
• Canada – A Warm Welcome and Balanced Lifestyle. ...
• New Zealand – Quality of Life Meets Natural Beauty.

What is the easiest European country to get residency in?

The easiest country for obtaining a residence permit in Europe is Portugal. Whether you're retired, financially independent, starting a business, or looking to invest, there's a visa for you: a D7 visa for financially independent persons, a Digital Nomad Visa, and the Golden Visa for investors.