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Jan 04, 2011
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starstarstarstarstar 		Response from your webmaster
by: John

Hi Brian. You lucky devil - retiring to Tenerife! I don't know the answer to your question off the top of my head, so I did a little bit of scouring the Internet.

It appears to me your question is in two parts: one, is it possible to retire to Tenerife with a UK pension and, two, can you retire to Tenerife on a long-term rental basis.

Regarding the pension issue, as far as I can gather, as Spain (and, therefore, Tenerife) is an EU country, you can still receive your UK pension and even have it paid directly into your Spanish bank account (you'll need to open one, of course).

You have to let the UK pension service know your Tenerife address. You can contact them via their national helpline on 08456 060 265.

At the Tenerife end, your pension will be paid either four-weekly or 13-weekly, according to your choice.

Regarding the tax on your pension, it should be taxed at source in the UK, but you're strongly advised to take legal advice in Tenerife about it. You can find English, or English speaking lawyers in Tenerife on my page here.

The second half of your question, whether you can retire to Tenerife on a long-term rental basis, is, to me, a bit more straightforward. All the eleven years I lived in Tenerife, it was in long-let accommodation. I see no reason why you shouldn't live permanently in rented accommodation - as long as you pay your rent on time, there should be no problem!

To help you find a long let, English (or English speaking) estate agents can be found here.
Jan 30, 2011
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starstarstarstarstar 		cost of living
by: Anonymous

Hi John,
A very interesting and comprehensive answer, but I think that part of Brian's question and one that interests me, is about the cost of living and if its possible to live on 1000 euros per month including rents etc.
Jan 30, 2011
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starstarstarstarstar 		Reply from your webmaster
by: John

It had actually occurred to me that that was what Brian might have been getting at. From my own experience, the apartment where we ended up living, in Guargacho, near Las Galletas, a bit in the middle of nowhere, cost around 500 euros a month, long term rental. Calling one month four weeks, that leaves 125 euros a week to live off and I think you'll agree that that's not really possible.

A possible option is to enquire with a selection of Tenerife estate agents as to what would be the cheapest long let possible. As with anywhere in the world, the nearer you are to the centre of things, the more expensive it is.

Good luck anyway.
Feb 23, 2019
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starstarstarstarstar 		Camping Nauta
by: Anonymous

You can in a campervan and live at Camping Nauta....

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