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

How to Combine Traditional and Modern Furniture With Style How to Combine Traditional and Modern Furniture With Style
Home Improvement22 hours ago

How to Combine Traditional and Modern Furniture With Style

Are you in love with both traditional and modern furniture styles? Do you feel like you can’t decide between those...

How to Organize Your Garage How to Organize Your Garage
Autos4 days ago

How to Organize Your Garage

Do you have so much stuff in your garage, your car is left out in the cold? Keep reading. Your...

Tips On Preventing Accidents In The Workplace and Keep Your Employees Safe Tips On Preventing Accidents In The Workplace and Keep Your Employees Safe
Business1 week ago

Tips On Preventing Accidents In The Workplace and Keep Your Employees Safe

Preventing accidents in the workplace is both the moral and ethical responsibility of every employer. Knowing that there’s a safety...

4 Surprising Ways SaaS Can Be A Game Changer For Small Business 4 Surprising Ways SaaS Can Be A Game Changer For Small Business
Business2 weeks ago

4 Surprising Ways SaaS Can Be A Game Changer For Small Business

The World Wide Web will never run out of tips and strategies on how to grow your business. These days,...

Understanding SaaS, PaaS, IaaS Prior to Selecting One For Your Business Understanding SaaS, PaaS, IaaS Prior to Selecting One For Your Business
Tech3 weeks ago

Understanding SaaS, PaaS, IaaS Prior to Selecting One For Your Business

Summary: Cloud Computing is rising at a faster pace, and it’s crucially important for organizations to move to the Cloud...

5 Tips to Avoid Federal Tax Penalty For Taxpayers 5 Tips to Avoid Federal Tax Penalty For Taxpayers
Finance3 weeks ago

5 Tips to Avoid Federal Tax Penalty For Taxpayers

When you are undergoing a tax issue, then it is vital to have knowledge of what are you up against...

Spy App For Android A Tool For Keeping Workplace Spy App For Android A Tool For Keeping Workplace
Tech1 month ago

Spy App For Android A Tool For Keeping Workplace

Dealing with routine matters has been a lot easier and stress-free thanks to modern technology. Want to order food, use...

How to Create A Backyard Zen Oasis How to Create A Backyard Zen Oasis
Home Improvement1 month ago

How to Create A Backyard Zen Oasis

The lifestyle of the modern era usually depletes one’s energy by the time they get home from work. Whether or...

Mistakes You Need to Avoid When Preparing Your CV Mistakes You Need to Avoid When Preparing Your CV
Education1 month ago

Mistakes You Need to Avoid When Preparing Your CV

Writing a CV can be hard. You have to somehow condense all your experience into 1 or 2 A4 pages....

Home Decor Trends For 2021: What You Can Expect Home Decor Trends For 2021: What You Can Expect
Home Improvement1 month ago

Home Decor Trends For 2021: What You Can Expect

This year, the Covid pandemic has had a huge impact on many different industries and sectors and one which has...

5 Ways to Protect Your Teeth This Christmas 5 Ways to Protect Your Teeth This Christmas
Health1 month ago

5 Ways to Protect Your Teeth This Christmas

Christmas is just around the corner and the preparations are well underway for the festive day, even if it is...

How to Create A Referral Marketing Program In 6 Easy Steps How to Create A Referral Marketing Program In 6 Easy Steps
Marketing2 months ago

How to Create A Referral Marketing Program In 6 Easy Steps

You may have heard of the benefits of a referral program. Besides helping you attract more traffic to your website,...

5 Important Web Design Considerations to Make For Better SEO 5 Important Web Design Considerations to Make For Better SEO
Tech2 months ago

5 Important Web Design Considerations to Make For Better SEO

Ever since the birth of search engines, practices in optimising websites for better search rankings have changed considerably. Where it...

4 Reasons For Your Teeth Becoming Sensitive 4 Reasons For Your Teeth Becoming Sensitive
Health2 months ago

4 Reasons For Your Teeth Becoming Sensitive

Having sensitive teeth can be a common issue for many, but it can also be a sign that you have...

How To Keep Your Business Clean & Sanitised How To Keep Your Business Clean & Sanitised
Business2 months ago

How To Keep Your Business Clean & Sanitised

If your business offers any kind of public-facing services, then you will likely be thinking a lot more about the...

Categories

Archives

Trending