Retirees set to keep heading overseas

More and more people from the UK are likely to spend their retirement in another country, a newspaper has stated.

Referring to recent research by NatWest International, the Telegraph said nearly two million Britons will have retired abroad by 2025.

This has prompted the publication to dismiss predictions that the popularity of settling overseas will soon start to decline.

"Any idea that the exodus from Britain of those settling abroad might be waning appears wildly premature," it commented.

However, the Telegraph called upon older people to remember important issues such as their health and the quality of medical care in their new home.

The newspaper said that while many European countries offer "generally excellent" medical services, some places do not offer free healthcare provision for foreign expatriates.

This comes after ShelterOffshore.com said it would be prudent for prospective expatriates to make sure they are familiar with how living abroad will affect financial matters such as tax payments and pensions.

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