Pension rights, the Canary Islands offers more for your money

Canary Islands offers a better place to collect your pension.

A new survey shows that more and more Britons are choosing to leave the UK and retire abroad. Up to two thirds of higher rate tax payers plan to join the so called “Silver Flight” when they finish working.Many people are opting to purchase a home abroad sooner rather than wait for the actual retirement date and use the property for holidays and letting so reducing any mortgage costs before their pensions are due.According to the Department of Work and Pensions more than one million people already draw their pensions abroad.
In Spain more than 75,000 pensioners receive their benefits paid into their foreign accounts while enjoying the benefits of better weather, lower costs and an easier pace of life. Specific gripes mentioned are spiralling council taxes, high energy bills and a faltering NHS.
The findings follow emigration trends with figures from the Brits Abroad Report published by the Institute for Public Policy Research showing that 5.5 million Britons now live abroad and that a further one million may leave by the year 2011.
The Canaries are proving to be one of the most popular destinations for the Silver Flight as it offers an all year round summer climate just a short flight from the UK and still having the benefits of the EU.

Pensions in Gran Canaria – relevant to those of us getting very close to claiming our bus passes.

The Department of Work and Pensions and the British Consulate in Gran Canaria recently organized an Information Day for this group of “ex-pats” at the British Club in Las Palmas and then another in Meloneras.
On hand was the departmental team responsible for advising all of the ex-pats of pensionable age and the feedback from all those that attended was that the British Consulate team did a very good job. Should you require further information on your pension rights in Gran Canaria please e-mail either karenm@goldacre-estates.com or garym@goldacre-estates.com for a full contacts list or give Karen or Gary a call in the Mogan office on 0034 928 565613 or simply visit www.goldacreestatesgrancanaria.com

In addition, one of Spain’s leading financial groups, Blevins Franks, is holding a seminar on Gran Canaria for those over 60s who may want to release a bit of equity in their property.

GoldAcre Estates resident expert Graham Hiscock will be going, and will advise all our clients of all the relevant information or….. if you also are interested in attending give us a call and we shall let you have details.