Moving abroad for your retirement years can be an amazing experience. However, to what extent do you consider how much this will affect your pension? For many British expats the reality is that the impact can be quite significant. In total, around £10.6 billion is lost from British pensions. As this infographic created by HiFX points out, expats living in South Africa are the best off while those living in Switzerland experience the worst impact. It’s important t be aware of the implications of moving abroad when it comes to claiming your pension, but there are things you can do to minimize the impact. Make sure you research the best exchange rates and also consider using one of the Regular Payments schemes which several currency specialists in the UK offer. These steps will help you make the most of your retirement years with as little financial worry as possible!
