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Brits head abroad to retire

A growing number of people are considering moving abroad when they retire because they are becoming increasingly concerned about levels of taxation and their quality of life in the UK.

 

One insurance company’s survey revealed that 25 per cent of respondents are concerned with the amount of council tax they are expected to pay, while others stated that they were also worried about costs associated with healthcare and hospital waiting times.

 

Over half of those polled are seriously considering retiring abroad; this is a telling indictment on the poor level of service provision and financial security offered to the retirement community.

 

Many potential overseas property investors choose to purchase a home abroad to buy ”a bit of a lifestyle”.

 

More often than not people will look to use a property as a holiday home before retiring there in later life.

 

The survey also shows that 50 per cent of UK investors with second homes abroad have purchased their properties as part of their pension plans.

 

Many British investors firmly believe overseas markets now offer a great deal of “security”.