Retirees urged to look at finances
Britons who are planning to retire abroad have been urged to consider the financial impact of their move.
The Sun newspaper stated that people who are thinking of setting up home overseas need to consider whether such a move will be affordable.
Prospective expats were advised that they may have to get by without certain benefits they are entitled to at home, while the cost of living in a certain country may also be different.
Furthermore, a person's finances could be affected by the rate of inflation in the UK and their new home.
The newspaper commented: "You'll need to ask yourself whether you can afford to retire outside of the UK."
Retirees were told that thorough planning and research is "essential" when deciding whether moving abroad will be cost-effective.
The Sun recently highlighted the weather as another major factor behind migration from Britain.
According to the newspaper, the "gloomy" climate contributes to a "bleak experience" in the UK.
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