Many wish to make the move in retirement to go and live abroad, the top ten are Italy, Spain, Mexico, Panama, Belize, Thailand, Malta, Portugal, France and The Dominican Republic. As a retiree, you’ll want to be able to live in a place where the lifestyle and cost of living matches your financial situation. It’s important to understand how your pensions might be affected. Will your pensions be payable into a local bank account? Can you move your pension overseas? Also don't forget to look at the tax implications of living in another country other than your home country. Seeking professional financial advice could help you to make effective choices for retirement.
