Although prices have been rising for some time in Spain, the cost of living is still considerably lower than in the UK. One couple decided to take advantage of this when they sold their modest house in the North West of England and moved to Alicante for their retirement.

With the proceeds, they bought an attractive apartment in an exclusive gated complex, with security and managed gardens – and they still had a considerable sum left over to invest. But they needed this money to work hard for them, as their only other source of income was the UK state pension.

Siddalls structured their investments in Euro-based funds to give them a reliable long-term income, and to keep their tax bill as low as possible. We also advised them on the various financial practicalities of moving to Spain – from opening a bank account to paying the Spanish equivalent of council tax.

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