How Requirements Are Calculated
The NLV income requirement is set at 400% of the monthly IPREM for the main applicant, plus 100% IPREM per additional family member. The IPREM is updated annually, so the exact euro figure changes each year. For 2026, the approximate requirement is: main applicant ~€2,400/month; first dependant ~€600/month additional; second dependant ~€600/month additional.
What Counts as Income for Renewal
The same income sources that qualified you initially continue to count at renewal:
- State and private pension payments
- Investment dividends and interest
- Rental income from property
- Income from investments and funds
- Savings (demonstrated as capital available, not actively earned)
Note: employment income from any source is problematic for NLV renewal, as it demonstrates you've been working — which the NLV doesn't permit.
Demonstrating Income for Renewal
Your bank statements should show regular deposits matching your stated income sources. The renewal reviewer will check consistency — regular monthly pension deposits, quarterly dividend payments, and so on. Large irregular deposits that don't match stated sources can raise questions.
What If Your Income Has Decreased?
If your income has dropped since your initial application and you're now below the threshold, you need to address this before your renewal. Options include: demonstrating additional savings, restructuring investments to produce regular income, or taking specialist advice about whether there are alternative approaches.
Currency Fluctuations
For applicants whose income is in GBP, USD, or AUD, currency movements can affect the euro value of their income. The bank statements showing euro-equivalent deposits are what matters — not the home currency amount. If sterling has weakened, the euro value of your UK pension may have decreased. Account for this in your planning.
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