Last Updated on April 18, 2026 by Bruno Bianchi
Question
“Is a private pension plan statement with amount exceeding 40k and with flexible drawn down option enough for proof of funds for the Spain Non Lucrative Visa?”
Answers
These are the answers of Spainguru’s Facebook group members:
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Start the Moving to Spain Hub →“Yes, a private pension plan statement can be enough for the initial application, especially if it exceeds the financial requirements such as 40k. However, you should consider the requirements for subsequent years where some regions might ask to show double the initial amount if you are using both savings and passive income.”
“You don’t need to double the shown amount if you’re relying solely on passive income from a private pension under UK retirement age, but combining this with savings might alter the requirements.”
“A pension statement can serve as sufficient proof of financial means if it’s properly translated and apostilled. One member noted they had success with a pension that was slightly more than the 36K euros required for a couple.”
“There’s a preference for regular income that can be proven through bank statements or readily accessible funds. It’s advisable to check with the specific requirements of the consulate or embassy where you are applying.”
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Using a private pension statement as proof of financial means for the Spain Non Lucrative visa can be acceptable, especially when the pension exceeds the necessary thresholds and is presented with the required legal formalities like translation and apostillation.
Members suggest ensuring clarity on the requirements for future visa renewals and recommend checking with relevant authorities to confirm specific documentation preferences.
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