Top retirement hotspots for British expats
By Tom Carnegie, 30 Jul 18
While many in the UK may want to retire abroad, without the right planning or financial advice they may find themselves falling foul of local tax laws, warns Retirement Advantage.
Spain tops the list
Spain has now topped Retirement Advantages list every year since 2013.
- 1st: Spain (1st)
- 2nd: France (2nd)
- 3rd: Portugal (3rd)
- 4th: Italy (=4th)
- 5th: south-east Europe (=4th)
Brexit concern
Tully said, as part of Brexit negotiations, reciprocal social security agreements will form part of any deal reached, and he believes both sides remain committed to honouring their current commitments.
“But it’s worth keeping in mind how your financial position would be affected by changes to these agreements, as well as how incomes currently paid in sterling would be impacted by currency exchange rates.
“To help navigate the complexities of retiring abroad, it is vital people seek professional financial advice,” he said.
Tags: Spain
