Condé Nast Traveller has revealed the top ten locations where Brits want to spend their retirement. The list has been carefully curated by Retirement Solutions, who have used average Google search data to understand how UK residents look into retirement options and decide which countries to retire to.
Whether you dream of spending your retirement on sun-kissed beaches or living in a fast-paced city with plenty to explore, it’s likely that you’ve at least considered one of these top destinations.
Up in the top ten are Greece (10th), Italy (9th), New Zealand (8th), India (7th), and France at number six. But let’s delve deeper into the top five countries to retire to from the UK.
5. Canada
At number five, it’s no wonder that Canada is attractive to those eyeing up expat life. Well known for being a safe and secure country, some of the attractions for those retiring include great healthcare systems, stunning views and, of course, a shared language, making the transition to a new life that little bit easier.
4. Thailand
Thailand is emerging as a prime retirement destination for Brits. The cost of living in Thailand is significantly lower than in the UK, making it an attractive option for those looking to stretch their retirement savings further.
In addition to affordability, the country offers a warm tropical climate year-round, which is a pleasant contrast to the often chilly British weather. The country’s healthcare system is also well-regarded, with many top-notch medical facilities offering services at lower prices than those in Western countries.
Furthermore, Thailand’s rich cultural heritage, vibrant street life, exotic cuisine, and beautiful beaches and countryside provide ample opportunities for exploration and leisure, making retirement life anything but dull. The Thai government’s introduction of retirement visas for foreigners above 50 has also facilitated this transition, making the ‘Land of Smiles’ a popular choice for British retirees.
3. Portugal
Portugal’s Mediterranean climate, offering warm summers and mild winters, is a strong draw for those looking to escape gloomy UK weather. The country stands out for its lower cost of living than the UK, allowing retirees to enjoy a higher quality of life on their pensions.
Portugal is also known for its relaxed pace of life, friendly locals, beautiful beaches, and rich history and culture. Moreover, the country’s Non-Habitual Resident tax scheme has made it financially advantageous for Brits to retire there, as it offers tax exemptions on foreign pension income for ten years.
2. Australia
Australia has become a sought-after destination for British retirees due to its desirable mix of lifestyle factors. The shared language and cultural similarities make the transition easier for Brits, while the warm climate is also appealing. The country boasts a high standard of healthcare, beautiful landscapes, and a relaxed lifestyle that many retirees find attractive.
1. Spain
It’s not a big surprise that Spain takes the top spot. The country has long been a favourite with Brits thanks to its Mediterranean climate, laidback lifestyle opportunities and strong links with the UK. The cost of living and property prices attract retirees from across the globe, enabling them to enjoy a comfortable lifestyle on a modest pension. Additionally, Spain’s healthcare system is one of the best in Europe, providing high-quality medical care.
The country’s close proximity to the UK, combined with affordable and easily accessible flight routes, also makes it easier for retirees to visit family and friends back home or for them to visit— helping make Spain the destination of choice for British retirees.
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