How to add overseas property into your retirement plan
As you wave goodbye to the world of full-time work, generating income from multiple sources becomes vital to build up your pension pot and see you through your golden years.
Why keep your cash in low interest accounts when it could be working harder elsewhere? Buying overseas until you’re fully retired or investing solely for rental income can give you fruitful options, especially with the pound strengthening against the euro – timing couldn’t be better!
With milder climates, exceptional medical facilities, tax, capital gains and inheritance advantages, not to mention a better quality of life, what’s not to like? Here are some of the best retirement and rental investment locations just a stone’s throw from the UK.
A perennially popular holiday destination, Southern Portugal is perfect for rental investments. Consistently voted one of the best places to retire, the Algarve strikes the perfect balance between a relaxed way of living – think golf, wine and Michelin starred restaurants – and an active retirement. With activities like senior surfing and autodromo racing, you won’t be short of things to do!
With a rich cultural history and warm weather to soothe those aches and pains, the Iberian lifestyle proves irresistible to many. An international holiday hotspot, Spain is a safe bet for a rental investment in the years leading up to your retirement.
As an emerging destination, tourism is on the rise in the beautiful Cape Verde. With demand heavily outweighing supply, snapping up a property here pretty much guarantees great rental returns. Boost your retirement savings before making the move to this spectacular archipelago where you can enjoy stunning beaches, temperatures in the 20s year round and the unique Portuguese-African culture.
Swing your gaze east and you’ll find a burgeoning expat community enjoying the climate and low cost of living in Bulgaria. Often overlooked as a retirement destination, this Eastern European gem offers a rich tapestry of history and culture, long hot summers and fabulous skiing in the winter months.
Cyprus also attracts substantial foreign investment, particularly Paphos and upmarket Limassol, and if you don’t mind being further from home, Florida’s balmy weather and beautiful beaches appeal to retirees and holidaymakers alike.
Ready to make the move?
Sunshine and relaxation aside, there are huge advantages to moving abroad like the double taxation agreement between Portugal and the UK means British expats can enjoy ten years of tax free pensions.
Learn more at The Overseas Property Show this weekend, we’ll be offering free one-on-one consultations on your destination, including property, tax, mortgage, legal and more…
Watch the video below to find out more.
The Overseas Property Show
April 28-30, 10-6pm
Motorcycle Museum, Birmingham
May 3-5, 10-6pm
Macron Stadium, Bolton
We look forward to seeing you there!
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