Retiring abroad is becoming increasingly popular. A warmer climate, great cuisine, a change in lifestyle and new experiences can be found in many popular expat locations, including Spain and Malta. But in recent years, more and more people are retiring overseas for financial reasons.
Martin O’Hora, Director of Goodbody Pensioneer Trustees, explains: “Since the financial crisis, a succession of harsh Budgets, which introduced the Universal Social Charge, the Pensions Levy, and reduced thresholds for inheritance, as well as the dramatic changes to how large pension funds are treated, have prompted many people to look at their options in a new light.”
At Goodbody, we understand the implications of a retirement abroad. In this short video, we explore the financial benefits of retiring overseas and how you can transfer your pension fund if you decide to relocate.