With six million British nationals, including British Asians planning to head overseas when they retire, has led to the Foreign & Commonwealth Office (FCO) team up with ‘A Place in the Sun’ to urge UK retirees and others considering a move abroad to think long-term and plan thoroughly.
According to ‘A Place in the Sun’, there has been a swing back towards more established destinations since the global downturn, with Spain, Portugal and France proving to be particularly popular - both for buying a second home and full-time relocation. For many, moving to foreign climes to settle down in a place with warmer weather, different scenery and a change in lifestyle is an appealing prospect.
But there are many things to consider to help ensure a smooth transition. Despite the importance of being prepared before heading overseas, a recent survey2 has suggested that only a third of British nationals (32%) [London: 28%] believe doing their own research is the most important thing to do before moving. Just one in ten (10%) [London: 6%] saw their long-term financial requirements as the most important factor.
James Duddridge, Minister for Consular Affairs, said: “Moving abroad can be a wonderful experience, but living somewhere new is very different to your average holiday. It’s crucial to think about the future and allow plenty of time to do your research.
“A permanent or semi-permanent move overseas involves many practical and social changes. We would advise British nationals to take their time to research all aspects required for a successful move, such as the laws and customs of your future home country, the long-term financial implications for you and your family, any legal issues requiring independent advice and your current and future health needs. Remember, relocating is about more than bricks and mortar”.