British expats happy with overseas retirement decisions

26 August 2010

British people continue to retire overseas and over-55s interested in joining them could achieve a similar feat using money raised from the value of their UK homes via equity release.

The majority (71 per cent) of retired expats have no regrets over their decision to settle abroad, according to the third annual NatWest International Personal Banking Quality of Life Report.

In fact, many of those who have chosen to retire abroad are unlikely to return to the UK, with more than half (58 per cent) saying their experience of life overseas has been better than expected.

"Retiring abroad is still very much a popular choice and expats are happy with their chosen life paths," commented Dave Isley, head of NatWest International Personal Banking.

"Looking at retirees who decide to move abroad, it is enlightening that 92 per cent of expats chose not to retire to a designated expat community."

Pensioners curious about how the value of their UK property could fund their retirement abroad can contact Key Retirement Solutions for equity release advice.

Posted by Alison Stephenson