The best country to retire revealed – and costs are half that of the UK
THE cheapest countries for Brits to retire have been revealed – with some costing half the cost of the UK.
As the cost of living crisis continues to hit, more and more people, particularly pensioners, are looking to live outside the UK.
According to research by Legal and General, three million Britons over the age of 50 want to move.
In the last 12 months, searches for “the best country to retire to from the UK” have risen by over 90 percent.
Research by pensions experts Penfold has identified the cheapest countries for Brits to retire in.
They analyzed several factors, including the cost of living, exchange rates, and airfare.
Her research revealed that Croatia is the best country where retirees can retire comfortably.
Penfold found that the cost of rent and the price of daily living was almost half what Britons could expect at home.
With moderate costs and a good healthcare system, Spain took second place.
In addition to cheap flights to Spain, the country also scored in terms of satisfaction and safety.
Ireland, which is closer to home, was placed third on the list due to its proximity to the United Kingdom.
It has also been noted that Ireland has a good healthcare system as well as plenty of green spaces.
Pensioners looking to move to Ireland need €7,000 (£6,162) in their bank account to apply for a visa, which is cheaper than many other countries in the world.
Italy, France and Greece were also listed among the top 15 countries to retreat to worldwide.
Meanwhile, the Philippines, Thailand and South Africa were considered the cheapest retirement destinations.
This is because their price was also about half what they were in the UK.
For example, the Philippines allows retirees to apply for a visa with less than €3,000 (£2,640) in the bank.
Chris Eastwood, co-founder of Penfold, said: “While many people retiring abroad worry about accessing their state pension, it is possible to claim a state pension abroad if you have enough UK pensions Have paid Social Security contributions and are within 4 months of your state retirement age.”
A couple has revealed how they managed to retire at 28 and travel the world in their camper van.
Here are the top 10 cheap destinations for sun-seeking Brits to visit on holiday.
https://www.the-sun.com/travel/7464121/best-country-retire-outside-uk/ The best country to retire revealed – and costs are half that of the UK