News

Nearly a third of Britons want to move abroad when they stop working, according to a new study.

The number of Britons leaving the country is greater than at any time since the 1970s. They suggest both that a huge number are anxious to find warmer, more exciting and less heavily-taxed places to live in retirement, and that many have the means to do so. The survey found that 30% now see themselves retiring abroad.

Of those looking to escape overseas, 20% want to go to Spain.

More British people than ever before want to turn dreams of a foreign life into reality, a poll for the BBC suggests.

According to the national poll, more than half of British people have considered emigrating in their life time.

The most popular choices for emigration were Australia, Spain, Canada, New Zealand and the US.

Read More: BBC News

There are an approximately 14m British expats around the world, many will be off to sunny Spain, Portugal and the Algarve.

The lure is fairly obvious. Spain and Portugal are Brit-friendly places where the weather seems better, the lifestyle is perceived to be good and there's no huge pressure to learn the language, although I would argue that it's almost rude and probably shortsighted not to...

Retiring to sunny shores is a now reality for many today, with over 1m receiving their state pension abroad.

Numbers are rising fast, with more than 70,000 taking their pension in Spain compared to 26,700 a decade ago.

However currency fluctuations are a major concern for Britons abroad seeking a secure retirement income. As pension income is paid in sterling, it will vary from month to month as exchange rates change.