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Retirement hotspots revealed

Retirement hotspots revealed

Category: Retirement

Updated: 26/09/2013
First Published: 26/09/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Research by Prudential has revealed that South West England is the most popular area for retirees to live in the UK, and Christchurch takes the crown as the retirement hotspot.

There are more pensioners per head in Christchurch than anywhere else in the country, with census data revealing that three in every ten people (or 30%) are retired – that's over 80% higher than the UK average of one in six (16%).

Over a million pensioners live in the West Country with five of the UK's top ten places for retirees to live being in this area – alongside Christchurch there's West Somerset (which comes in at second place), East Devon (fifth), East Dorset (sixth) and West Dorset (eighth).

Start planning early

It isn't hard to see why this area takes the retirement crown. The thought of upping sticks and moving to the country is the retirement dream of many, but those who want to spend their golden years in this way have been urged to start planning early as the living costs in these country idylls can be surprisingly high.

That's why it's important for those approaching retirement to seek specialist financial advice so they can maximise their income, and those who are still at the height of their working careers should save as much as possible from as early as possible to have a nice nest egg for retirement.

What next?

Find out about auto-enrolment to get your pension pot started
Discover which savings account could make the most of your money
Consider your annuity options

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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