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