When considering retiring abroad, naturally there are many elements to consider including: climate, healthcare, cost of living and real estate. Firstly, you may have a handful of countries in mind but earlier this year Forbes released an article on ‘The 15 Best Countries To Retire To In 2014’, as well as in depth information it also provides excellent inspiration for anyone considering retiring abroad.
To give you some inspiration as well as some of the best countries to consider retiring to here is the list: Panama, Ecuador, Malaysia, Costa Rica, Spain, Colombia, Portugal, Mexico, Malta, Uruguay, Thailand, Ireland, New Zealand, Nicaragua and finally Italy.
It may seem obvious but it is crucial to do your research and really get to the root of the type of place you would want to spend the rest of your life. Whether that is by the beach or a little village or near a city, really dig deep and identify exactly what you are looking for. Healthcare is also likely to be a key consideration so research will be needed in this area.
Not everyone is aware but you can still continue to receive your UK pension even if you move abroad. If you emigrate and retire within the European Community you are still eligible to receive your UK pension. On the UK Government website there is a list of all these countries where you can still receive your pension. Naturally, paperwork is involved but it is worth getting a professional involved as well to make sure everything is completed correctly and goes smoothly.