Pensions research carried out by LV= (Liverpool Victoria Insurance Co) shows that the Isle of Wight tops the table as a retirement destination for pensioners, with 41.88% of residents claiming the state pension here. "While it’s easy to see the allure of a beach-bound retirement, our research found the vast majority of those around retirement age are instead opting to stay within the UK, due to a mixture of home comforts and Brexit uncertainty. Ray Chinn, head of pensions at LV, said: 'It’s clear that when you ask people about what they want in retirement their aspirations tend to mirror more closely their lifestyle today, rather than one which we would typically associate with a pensioner.'. But, research from retirement firm LV suggests that British retirees will not always crave the sound of the sea, with a survey of those who have not yet retired predicting a 'retirement revolution'. Specifically, concerns about healthcare (78%), ability for family and friends to regularly visit (73%), concerns about buying an overseas property (57%), pension security (52%) and tax implications (41%) were the biggest issues raised by those surveyed. The results showed 89 per cent of Brits would rather retire in the UK as retirement to countries such as Spain begins to decline. However there is a growing shift towards intergenerational living in retirement, with 10 per cent of 18 to 34-year-olds saying they would wish to live with their future extended families, compared to just 4 per cent of those aged 55 or over. If the ferry puts you off, consider Devon or Dorset. Don't forget to like us on Facebook and follow us on Twitter. The coast can also bring a variety of activities. Plenty of people here do join up with stuff in the cities & take a, 14 years | 36,000+ articles | 170,000+ comments, Find out more about courses and opportunities at the Isle of Wight College Virtual Open Day, Latest number of positive Isle of Wight Coronavirus tests, Man admits serious child sex offence in three-year-old rape case, Crowdfunder for Ryde Saints Football Club: Don’t miss the deadline, New Yarmouth School – in Freshwater – goes before Isle of Wight council planning committee, Isle of Wight council finally unveil their response to supporting children on free school meals during half term, Positive plans for much-loved but unused Ryde building, Police update on seven arrested stowaways from the Nave Andromeda, Dedicated young triathletes put hours of training into practice in Isle of Wight Triathlon Club Duathlon, They’re back! The research revealed that they hold being close to amenities such as a good public transport network (43%), access to bars and restaurants (30%) and culture and entertainment (27%) far greater than proximity to the sea (19%). Only set back is the ferry – If you are concerned about health care reside nearer to St Mary’s – The best health care in the UK. Despite the top ten retirement destinations currently being by the sea, those who’ve yet to retire have different priorities. We do not write articles to promote products. Read and contribute to the 8 readers' comments ↓. Uswitch looks at income, living costs and many more factors in it's 2015 Quality of Life Index. Shanklin has been listed as one of the most desirable places in the UK to retire to, new research has revealed. In a national survey of around 2,000 people adults across the country, 16 per cent said the Isle of Wight was their number one retirement destination. Unsurprisingly urban areas of London, Birmingham and Glasgow having the lowest proportion of state pensioners in the UK. And the next generation of pensioners are also looking to lead a busy social life post-retirement, with access to bars, restaurants, culture and entertainment also ranking high on their list of priorities. Personally I would never leave the IoW; the wife would see to that:-). These adverts enable local businesses to get in front of their target audience – the local community. This is Money is part of the Daily Mail, Mail on Sunday & Metro media group, Get a discount code to save on your internet security, Listen to podcasts and books for less with these offers, Get the ultimate broadband and entertainment bundle, Get great deals on existing and new plans, Have a clean house and save money with these offers, How often do I need to care for my grandchildren to get free state pension credits? Our. Low crime rates, a good selection of local shops, variety of pubs and restaurants and access to a beach or the sea are some of the top points retirees consider. Isle of Wight comes top amongst potential retirees. My wife now comes from Ventnor.We have been married for nearly 20 years, and we are over there 4-6 times a year, and not staying in hotels.We were there for a month, Maybe it’s because we like where we live! You can also now send us Anonymous Tip-Offs. “Last but not least, who can forget the fresh and calming sea air that comes with retiring to the coast! I would say to anyone who thinks we are narrow minded on the Island to exercise their right to go back to where they come from. The comments below have not been moderated. The survey took into account the availability of healthcare services, local shops, restaurants and pubs and house prices. Published: 19:57 AEDT, 1 March 2013 | Updated: 21:36 AEDT, 1 March 2013. Jamie Oliver attempts to settle the great cream tea debate once and for all, Emotional Phillip Schofield close to tears as The Cube contestant wins £100k for his kids, The TV host was left emotional after player Adam won the huge sum and split it between his children Rachel and Rhys, Things to do in Cornwall in October half term, Stuck for ideas? All to change? The Isle of Wight has been identified as the UK's 'retirement capital', with more than 40 per cent of its residents claiming the state pension, with Dorset, Sussex and East Anglia other popular destinations for pensioners. Those ads you do see are predominantly from local businesses promoting local services. "That said, even those deciding to stay in Britain are still looking to flock to the beach, with all of the top five most popular retirement choices featuring coastal towns. There is so much about the island we love, but I couldn’t deal with living on the island. And loads of us travel all over the world while based here. Although the top spot at the moment, trends are changing and those yet to retire have different priorities a new report reveals. Devon, £297,921 and Dorset, £345,340 The Isle of Wight seaside resort of Shanklin has made the top ten of best places to retire. The most popular retirement destinations are made up predominantly by south and east coast locations. For a start, if you want to go anywhere you have to, I’d be interested in what you mean by the narrow-mindednesss, greenhey. Image: © Used with permission of Mike Vallender, Filed under: Island-wide, Isle of Wight News, Top story, 8 Comments on "Isle of Wight top retirement spot in UK (for now)". And every time I’m on the mainland I am reminded that there is nothing, Islanders are not any more narrow minded than anyone else in my experience. Email: [email protected]. Island Echo is a member of the Independent Community News Network. Research shows that the closer you live to the sea, the healthier you are, with the fresh and calming sea air creating the perfect conditions for an active and enjoyable retirement. The incident closed A390 for a number of hours yesterday evening. 1. Top 10 UK retirement destinations: 1. Former court house and hotel could be turned into five homes, Cells below the property still exist to this day. Cornwall, £278,083. The locals are friendly and easy to get on with. Retirement planning can be complex, so be sure to speak to an independent expert to find the right route for you. Some links in this article may be affiliate links. We are retiring now, and will move to be near the sea ( currently live near Oxford). explains more about how we use your data, and your rights. Cornwall has been voted the second best place to retire in the country. Homeowners warned to do own checks before hiring from find-a-trader lists, How to profit from a world of opportunity as green firms embrace The Attenborough Effect, AXA FRAMLINGTON GLOBAL TECHNOLOGY: Fund 'can still grow' despite 250% returns, Investors with money trapped in two big UK commercial property funds can sell their holdings next month, Rise of the robots: The rocketing funds that manage £5 TRILLION - and keep fees low, We're going to court, say lawyers in Neil Woodford payout fight: Law firm on track for class action by end of year, VW launches clever new 'Caddy California' compact campervan, Volkswagen reveal the first electric SUV ID 3 and 4 range, Maserati's back! Shanklin has been listed as one of the most desirable places in the UK to retire to, new research has revealed. There is also the social aspect – A coastal retirement can also place you in the heart of a thriving local community. THE Isle of Wight has been voted the top place in the country to retire. It’ll be interesting to see how this pans out over the next twenty years or so. A Gannett Company. Sometimes they’ll include recommendations for other related newsletters or services we offer. Share this article via facebook Share this article via twitter Share this article via messenger. Plus, research shows that the negative ions in sea air will also accelerate your body’s ability to store oxygen and balance your serotonin levels, which can make you feel alert, energised or more relaxed”. ©Copyright 2001-2020. CASINOS, WORK AND VIDEOS, WHAT DOES 5G MEAN FOR WIGHT? Kate Peers Saturday 27 May 2017 6:00 am. The Isle of Wight is one of the top places to retire to in the country, according to Prudential’s 2018 Retirement Quality of Life Index. Matt Burton, from retirement mortgage company Hodge, which carried out the survey, said: “Planning for retirement can be a big undertaking, with a range of options to consider. Where better than the Isle of Wight? “While it’s easy to see the allure of a beach-bound retirement, our research found the vast majority of those around retirement age are instead opting to stay within the UK, due to a mixture of home comforts and Brexit uncertainty.". According to retirees, the top considerations when choosing a retirement town were a low crime rate (73%), good selection of local shops (79%), variety of pubs and restaurants (71%), access to a beach or the sea (69%), low volume of traffic  (63%), good phone signal and internet connectivity (58%) and an older population in the area (54%). That helps us fund This Is Money, and keep it free to use. If you are dissatisfied with the response provided you can contact IPSO here. Data returned from the Piano 'meterActive/meterExpired' callback event. The supermarket giant has warned shoppers ahead of the Christmas period. I lived for years in a large UK city & have met many others here similarly.

Saskatoon University Mla, Jobs Near, How To Pronounce Scissors, Tourmaline Credit Rating, Tc Energy Layoffs September 2020, What Happened In Denver In 1898,