Connect with us

General

Getting The Best Out Of Retiring Abroad

Getting The Best Out Of Retiring Abroad

Living Abroad – the Dream of many

Do you want to live overseas when your working life is complete and it’s time to live the perfect retirement?

If so, you’re definitely not alone. In fact according to a recent survey, nearly a half of the people in UK aged over 50 would ideally like to retire overseas.

And it makes a lot of sense, when you think about all of the benefits that being an expat can bring, such as

Better weather (if you’re headed somewhere sunny, at least!)

  •  Change of scene, with many locations offering a relaxed pace of life
  • Property opportunities – places where a very nice house can be purchased for the price that a tiny London apartment would cost

Of course, with the high number of UK nationals already living in Australia, Spain and other countries, moving abroad in many cases means that there will already be family and or friends in the new location – and what better way to settle into a new country than by already having a small network of people already out there.

Getting The Best Out Of Retiring Abroad

For some, the idea of moving abroad may be little more than a pleasant daydream when skies are grey and rain’s battering off the window pane. But for many, it’s something that after a lot of planning and preparation – becomes a reality. And it’s in the planning that the success of a move abroad lies.  Obviously it’s a decision that nobody takes lightly, but in order to help people get the best start to their experience living overseas, the UK Foreign and Commonwealth Office recently released a ‘top ten’ tips for moving abroad, outlining some of the most important things to think about when planning the big move.

The all-Important Planning Stage

The first thing on the checklist is, of course, research. The FCO guide also recommends checking out the various expat forums – and the more famous expat forums really are a great resource. Also very handy for getting up-to-date information from those in the know.

Much of the FCOs guide is centred around finance – and this is if course crucial too. They advise prospective expats not to rush into buying a house abroad. And with continued economic uncertainty around much of the world, it definitely makes sense to find out about local property markets. Some countries are easier to get a mortgage in than others, with Spain recently being reported in the Telegraph newspaper as being somewhere that it’s ‘very difficult’ to get a house loan.

The FCO tips also include being up to speed on local tax regulations. Recent changes to the law in Spain have meant that expats living there for a specified amount of time each year, and with assets over and above a certain amount, must now declare those assets. Indeed when the law came into force there were a number of news stories about expats returning home as a result.

Success in a New Country

The final thing on the top ten lists is one word: integrate. This is often highlighted as one of the biggies for people moving abroad permanently or going overseas long term. There’s a lot to take in when moving to a new country, but making sure you’re not isolated and accepting social invites can really make the difference in terms of getting to feel at home.

Useful online resources:

Expat top ten tips guide from the FCO

International private medical insurance – AXA PPP International

Expat forums – Expat Blog, Internations

Featured images:
  •  License: Royalty Free or iStock source: http://www.sxc.hu/photo/1098818

Article by J. Jones, health and travel writer from the UK. I’m on Google+ if you’d like to joing my travel circles.

Continue Reading

Recent Posts

Autos13 hours ago

4 Reasons to Replace Your Car’s Engine With Performance Parts

Performance parts are the best kind of upgrades you can make to a car. Performance cars have a higher price...

Maximum Power: Update Your Old House For Modern Electrical Needs Maximum Power: Update Your Old House For Modern Electrical Needs
Home Improvement4 days ago

Maximum Power: Update Your Old House For Modern Electrical Needs

An outdated electrical system can wreak havoc on your energy bills and greatly increase your risk of structural damage. If...

Key Techniques To Learn On A First Aid Course Key Techniques To Learn On A First Aid Course
Health2 weeks ago

Key Techniques To Learn On A First Aid Course

Introduction First aid training is an incredible qualification that can enable one to offer life saving assistance in an emergency....

Best Tips For Managing Your Building and Construction Projects Best Tips For Managing Your Building and Construction Projects
General3 weeks ago

Best Tips For Managing Your Building and Construction Projects

Building and construction projects consist of many tasks, from job-site duties to office paperwork. Juggling it all can oftentimes be...

How To Choose The Best Locksmith For The Job How To Choose The Best Locksmith For The Job
Home Improvement3 weeks ago

How To Choose The Best Locksmith For The Job

The existence of a locksmith is very crucial for society because they help out countless people on a daily basis....

5 Modern Conservatory Ideas To Create A Serene Escape 5 Modern Conservatory Ideas To Create A Serene Escape
General4 weeks ago

5 Modern Conservatory Ideas To Create A Serene Escape

Having a serene and relaxing conservatory is the dream, especially in the summer months. Creating an extension of your home...

4 Different Types Of Lifting Equipment For A Construction Site 4 Different Types Of Lifting Equipment For A Construction Site
Business4 weeks ago

4 Different Types Of Lifting Equipment For A Construction Site

One of the biggest challenges on a construction site is the problem of lifting heavy materials and tools to a...

5 Tips That Can Help Your Business Flourish 5 Tips That Can Help Your Business Flourish
Business1 month ago

5 Tips That Can Help Your Business Flourish

Many, both small and big, businesses were affected by the outbreak of the novel coronavirus, no one was spared. Overnight,...

Why First Aid Training Is Essential For Your Business Why First Aid Training Is Essential For Your Business
Education1 month ago

Why First Aid Training Is Essential For Your Business

Introduction All employers, depending on the establishment, should organize and provide basic appropriate conditions for lunch breaks as well as...

Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family
Lifestyle1 month ago

Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family

If you are in the market for health insurance, you may be overwhelmed by the many different features and the...

How to Prevent Potential Hazards In A Lab How to Prevent Potential Hazards In A Lab
General1 month ago

How to Prevent Potential Hazards In A Lab

Unfortunately, lab accidents can happen. When they do, the consequences can be very serious. Some of the most common lab...

How to Extend Your UK Spouse Visa How to Extend Your UK Spouse Visa
Travel2 months ago

How to Extend Your UK Spouse Visa

The UK spouse visa is also known as a UK marriage visa. The UK spouse visa allows married partners of...

How Best Is Automation Helping The Retail Industry to Survive? How Best Is Automation Helping The Retail Industry to Survive?
Business2 months ago

How Best Is Automation Helping The Retail Industry to Survive?

“In the post Covid-19 world, the only place cos are willing to invest is in automation. The return on investment...

Best Artificial Intelligence Trends to Watch Out In 2021 Best Artificial Intelligence Trends to Watch Out In 2021
Tech2 months ago

Best Artificial Intelligence Trends to Watch Out In 2021

Technologies are getting advanced day by day, and according to that, the developers and the mobile app development companies should...

Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm
Markets & Finance2 months ago

Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm

Many people all over the world have compared the cryptocurrency market to the wild West, largely because of the fact...

Categories

Archives

Trending