Remove the Financial Worry from Living Abroad
There are many reasons someone might choose to spend their retirement in another country. Perhaps they have family that lives there, or the climate is nicer then where they live in the UK or really any one of a hundred different reasons. There are also many here in the UK who have thought about living abroad but are worried about having their pensions wasted with excessive tax rates for living overseas. The solution for that is switching to a qrops. This is a type of pension scheme where by the pension is moved out of country and taxed at a much lower rate. Therefore, if someone wishes to relocate to Italy to retire then they can set it up with a given provider offering a pension scheme that they are interested in and move there. It also lets UK citizens get around the extremely high inheritance tax so that they can leave more of their estate to their children.
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