O Homes NEWS
verseas STANDARD RETIREMENT
Standard Life has revealed the top retirement hotspots outside the UK, with Spain leading the way, followed by France and the USA. Canada is in fourth place, ahead of Ireland and New Zealand in fifth and sixth respectively. Andrew Tully, senior pensions policy manager at Standard Life, said: “Retiring abroad is a dream for many people but without careful planning and advice, things can potentially go wrong very quickly.” If an individual moves abroad
permanently, any increases in their UK
state pension will only apply if they are living in an EU country (including Gibraltar and Switzerland), or a country with a reciprocal social security agreement with the UK. Where the individual is living outside
these countries, the amount of UK state pension they will receive each year is frozen at the amount initially paid when first claimed (or if the pensioner emigrated more than one year after payment began, at the rate in force when emigrating). Popular retirement countries outside these reciprocal agreements include Australia, Canada,
Sustaining the world
Sustain, an invitation only membership organisation comprising the world’s leading sustainable and leisure tourism developers and professionals, launched to the public this month. The organisation’s prime objective is to raise awareness and create a benchmark for environmental and socially responsible residential development worldwide. Sustain founder members include Six Senses Resorts & Spas, Thailand, AlmaVerde Resort & Spa, Portugal, Pafilia, Cyprus and MGM, France. Anwar Harland-Khan, chief executive of Sustain, said: “Sustain will motivate the property buying public to consider eco-properties by providing a strong economic, environmental and social rationale, converting awareness and desire into sales for its members. It will simultaneously propel even more developers and industry professionals to develop and work sustainably as consumer demand increases.” Sustain currently has a combined real estate retail sales value (GDV) of founder members in excess of £3.5 billion.
Alma Verde, Portugal
New Zealand and South Africa. “One significant consideration before you move is to think about your state pension and what, if any, reciprocal agreement is in place. If not, then be very careful that your retirement income is sufficient to cover your living costs over a long period of time. Over a 20- year retirement, your basic state UK pension could halve in real terms if a reciprocal arrangement is not in place,” said Tully. Standard Life currently pays pensions to nearly 3,000 people using an overseas bank account.
www.getarealitycheck.co.uk
THE SETTING
Additionally, the founder members will alone save over 4,050 tonnes of CO2 annually and green jobs, created directly from the construction and operation of these resorts and communities, is around 35,000 people. Sustain co-founders are Gordon Miller of
www.whatgreenhome.com and Harland - Khan, managing director of MHK International, a property developer in Morocco.
www.SustainWorldwide.com
Homes Overseas .09
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