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Standard Life reveals the top retirement hotspots outside the UK

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According to Standard Life the top five places that people are retiring to are:

1 Spain

2 France

3 USA

4 Canada

5 Ireland

  

Andrew Tully of Standard Life comments, "Retiring abroad is a dream for many people but without careful planning and advice, things can potentially go wrong very quickly."

 

Top tips for retiring abroad:

 

  • Inform your social security office when you move and provide your contact details abroad.

  • Find out about welfare rights abroad.  Some UK benefits are not payable outside the UK; others apply only in the EU or in countries, which have agreements with the UK.

  • Tell your bank, building society and any other financial institution that you have a policy or agreement with them and are moving abroad.

  • Contact your local council to let them know when you are leaving and leave a forwarding address.

  • Find out more about healthcare costs in the country you want to move to.

  • Inform your GP and dentist you are moving

  • Consider private healthcare insurance

  

International health insurance: News update: 11 August 2010

  

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