Where to Retire Is Determined by the Cost of Living
Britons who are retiring are not content to sit at home and relax, according to new research.
A survey of people nearing the end of their working life found they had a number of ambitions that they wanted to pursue as soon as they begin their retirement.
Interestingly, 19 per cent of Britons said that they wanted to relocate to a new area as soon as retire.
Of those who want to move, the majority are not satisfied to stay in England or the rest of the UK. Fifty-two percent said they want to move abroad.
One of the reasons that people want to relocate is that their cost of living can go down. Indeed, according to a recent poll by NatWest, nine out of ten British expats are financially better off since relocating abroad.