For a less taxing retirement, head abroad

If you want to retire in the sunshine and get the most from your retirement money, what are the best options? Laura Henderson reports.

If you want to retire in the sunshine and get the most from your retirement money, what are the best options? Laura Henderson reports.

The dream of retiring abroad turned sour for many expatriates in 2008 as the plunging pound hit their standard of living. Eurozone migrs in particular, relying on fixed sterling incomes from savings or UK pensions, saw their purchasing power fall by around a third last year. Yet despite shrinking war chests, one in six Britons over the age of 55 will have left Blighty by next year, reckons the Institute for Public Policy Research it's just that their preferred destinations may have changed.

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