40% of Brits Aged Above 55 Consider Moving Abroad
Retirement in the UK is often a gloomy prospect. There’s the distinct lack of sun, the somewhat harsh winters, and the potentially high cost of living. Stories of struggling pensioners are frequent bait for the tabloids, and the living conditions of many retirees are slowly getting less comfortable.
With many British pension plans paying out internationally, a number of UK citizens are considering moving abroad for their retirement, new studies show. Of the retired Britons surveyed, over 40% noted that they were considering moving overseas during their retirement, with approximately 38% of participants claiming that a move within five years was likely.
Expat-friendly locations such as Spain and France still top the list of potential destinations, while developing nations are becoming frequently eyed up as potential cost-cutting lifestyle choices. Many retiring Britons opt to travel overseas to take their income further, using low-cost countries outside the European Union to counteract the pound’s ever-decreasing value.
Many retirement-aged expatriates barely consider currency fluctuations and income in their search for an overseas destination, figures show. Many are simply searching for a better lifestyle, often in a location with lower spending requirements. With many overseas removals companies offering competitive service, moving an entire home’s worth of possessions overseas is becoming less costly and more realistic for many expats.
With Britain coming off one of the harshest winters in recent history, the draw abroad could be stronger than ever. With the right combination of planning, long-term investment, and overseas removals preparation, many Britons could be making the right choice in moving overseas.