Retire to your own Best Exotic Marigold Hotel

Published: Saturday 30th January 2016 by The News Editor

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Remember the movie The Best Exotic Marigold Hotel – did it inspire you to retire abroad in sunnier climes, like its stars Dame Judi Dench, Bill Nighy and co?

Tune in to watch BBC Two’s The Real Marigold Hotel, a three-part documentary that started on January 26, and you’ll see a string of celebs – including actors Miriam Margolyes and Sylvester McCoy, dancer Wayne Sleep and former newsreader Jan Leeming – in India, in a bid to discover whether they’d like to retire there for real.

And they’re certainly not the only ones considering spending their golden years in sunnier climes.

According to the Foreign & Commonwealth Office, more than six million UK adults (MGM Advantage Survey) are planning to head overseas when they retire, and in the past decade, 3.6 million Brits (ONS, 2013) have made a permanent move abroad.

And the Baby Boomer generation can afford to retire overseas, says new research from Silver Travel Advisor, a travel review and advice site for people aged 50 plus, which found that more than 80% of the nation’s wealth is held by the over-50s.

Mary Stuart-Miller, a spokesperson for Silver Travel Advisor, says: “The over-50s are healthier and wealthier than any generation of their age group previously. They want to enjoy life, travel is a top priority and a major lifestyle choice.

“Many have second homes overseas and this often leads to them spending more and more time abroad, until finally retiring there.”

While the obvious favourites are France and Spain, Stuart-Miller says we’re getting more adventurous – and other European countries are high on our list too.

“With such an active and affluent group of over-50s out there with a zest for travel, the sky’s the limit when it comes to retirement,” she adds. “New EU members, such as Slovenia and Croatia, offer affordable homes and lifestyles, while Greece and Italy promise sunshine, relaxation and good food.”

Like the sound of these popular retirement destinations?

SPAIN

In a poll by retirement income specialist MGM Advantage, 26% of Brits said they planned to retire to Spain, making it the top spot, thanks to the warm weather.

Stuart-Miller says: “Spain and France are the top choice destinations both for second homes and retirement, with Spain topping first choice for its sunny climate and Brit-friendly resorts.”

FRANCE

Just pipped to the post by Spain, France won 17% of the votes in the MGM Advantage poll, thanks to its proximity to England. You can now hop on the Eurostar in London and be in Avignon, Provence, in just five hours, 49 minutes for as little as £49.50 one way. Stuart-Miller says: “France is close enough to come and go, to visit family and friends regularly, and this is a key factor as to why so many Brits now retire there.”

USA

Picture driving around a tranquil retirement home in Florida… It might be a bit of a cliche, but 16% of those polled said America was top of their list. And with warm weather all year round, plus a healthy outlook, you can see why the chocolate-box-pretty town of Celebration might be a favourite.

AUSTRALIA

The laid-back Antipodean vibe has already lured more than 1.3 million Brits of all ages Down Under – no wonder Australia came 4th in the poll, with 14% of votes. It also benefits from cheap healthcare and low taxes, but property can be expensive.

FAR EAST

The Far East came in 5th place with 13% of the votes – and we’re basically thinking Thailand, right? There are more than 40,000 expats already living there, enjoying the tropical climate and beautiful sandy beaches – plus cheap property prices.

Copyright Press Association 2016

Published: Saturday 30th January 2016 by The News Editor

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