Thailand is the most popular destination in Southeast Asia for British retirees, although the Kingdom ranks well down the list of the most popular countries attracting retiring UK residents.
New research from MGM Advantage revealed that Spain is the top port of call for Brits with 31 percent of those polled citing it as their preferred retirement destination. France, with 19 percent, ranked second with Australia, Ireland and Cyprus making up the top five.
Some 1.5 percent of respondents picked Thailand as their number one retirement choice.
Andrew Tully, Pensions Technical Director, MGM Advantage, said: “Retiring abroad is a dream for many people. The thought of an easier pace of life, better weather and potentially cheaper property than the UK can prove a strong draw, but without the right planning and advice you can quickly get caught out by the local tax laws. And that is before you look at your pension and other financial arrangements.”
Paul Keeble, Head of Media Relations, added: “Thailand accounts for 1.5 percent of our customers who have retired overseas, while the Philippines, Singapore and Hong Kong are also places to retire but less popular, accounting for less than 1 percent of our customers who choose to retire abroad. Europe remains the most popular retirement continent, no doubt helped by the fact it is so close to home and still the most popular place for Brits to holiday before retirement.”
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