Over half of Brits 'to retire abroad'

Just 43 per cent of Brits plan on living in the UK once they leave work, compared to 87 per cent of Spaniards and 81 per cent of French people who plan to remain in their home countries.

The research found that one in four retirees hope to spend their later years in Spain, meaning many people could be hoping to find a home in Murcia in the coming years.

Other retirement hotspots for Brits searching for somewhere warm to spend their later years include the US, Australia and France.

"Not surprisingly, most people want to spend their retirement predominantly in countries with good weather and good social and government benefits, and ideally close enough so they can get home quickly if they need to," says Oliver Rowlands, head of retirement at Aon Consulting.

Previous research from Standard Life also highlighted Spain's popularity with UK retirees.

However, the firm advised anyone moving abroad to do their research into welfare rights and healthcare costs before taking the plunge.
 

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