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The best places to retire in Spain for UK citizens in 2020.

Forbes has compiled a list of the best places to spend your hard-earned retirement and the Costa del Sol, Spain, features highly!

Spain is on of the best countries in the world to retire to. Retirement, the so called “golden age”; you leave the world of work behind and retire after years of paying contributions and your position comes along that allows you to enjoy a relaxed and leisurely life. Nowadays, many countries are going through a sever pension crisis, not to mention the added complications which could come with Brexit which has finally arrived.

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Moving abroad and enjoying a relaxed retirement as a British expat is an attractive option for many and there are countless options for those who have already retired or see retirement coming on the horizon. If you’re considering moving abroad for this “golden age” in your life, you may like to talk to Callow Estates to explore your options.

The Costa del Sol.

The Costa del Sol is on the most important tourist areas in Spain, especially for people flying from the U.K. and one of the best places to retire to if you’re seeking beaches and warm weather. It brings together more than 1.3 million inhabitants, a large community of expats and English speakers that are spread over the luxurious Puerto Banus in Marbella and the bustling beaches of Benahavis, San Pedro and Sotogrande. The Costa del Sol is perfect for pensioners who want a lively and active lifestyle – especially for those who enjoy a round of golf, given the provinces fame as home to some of the top golf courses in Spain and Europe.

How much does it cost to retire to Spain for British citizens?

According to Forbes, “Spain is cheaper than much of Europe”. It’s possible to retire comfortably in Spain o about 18,000 pounds per year. That breaks down to roughly 1,500 pounds per month with average property prices considerably less than other countries. Of course, it is possible to live in Spain for less if you decide to live farther from big cities and lead a more minimalist lifestyle, making Spain one of the most affordable places to spend your retirement. Forbes also added that “healthcare is excellent and crime is low”.

What about pensions if you’re thinking of retiring to Spain?

First and foremost, as a British citizen, you have the obligation to notify the UK government offices that deal with your pension and tax if you are retiring abroad.

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Retiring in Spain as a Brit does however mean you have various options regarding pensions: You are entitles to one of the following options:

  1. Your UK State Pension
  2. Your Spanish and UK State Pension from the “Instituto Nacional del la Seguridad Social” if you worked in Spain
  3. Pensions from working in other EU countries if applicable

What will happen after Brexit?

Now that we are in the midst of the dreaded Brexit, one of the biggest questions comes from British citizens which have retired overseas. The UK government has stated that it will continue to pay a State Pension to those eligible in the European Union after Brexit.

In spite of Brexit, things shouldn’t change too dramatically, and the necessary agreements have been reached so that British pensioners in Spain won’t be left out of pocket. However, until we start to see the reality of the situation unfold, its hard to predict the exact outcome of Britain’s exit from the EU.

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