Popular places to retire to
France, Spain and Australia have historically been “prime candidates” for expat Brits to retire to, said Hoxton Wealth, but a “new roster of destinations” is becoming more popular due to cost of living rises, visa rule changes post-Brexit and changing tax landscapes.
Cyprus is popular among retirees, said MoneyWeek, due to the lack of inheritance or wealth taxes in place, “as well as its climate and outdoor lifestyle”, plus English is widely spoken across the country. The Republic of Ireland is also popular as “under the Common Travel Area (CTA), UK citizens have the right to live, work and retire” there without the need for a visa and there’s no formal application process for residency, “unlike a host of other EU countries post-Brexit”.
