The tropics of Thailand
A low cost of living, no tax on retiree income from abroad, a tropical climate and a culture that respects the elderly — what's not to like in this retirement destination known as “The Land of Smiles”?
Thailand is also the land of affordable living, according to International Living magazine. It ranked the country as the second least-expensive in its cost of living index, pointing out that an “over-the-top” luxury two-bedroom condo with great views can be rented for less than 40,000 baht ($1,200) per month. A Pad Thai lunch can be had for $1.
In addition, the country's retirement visa (renewable annually) is available to those retirees with monthly pensions paying 65,000 baht ($2,000) or to those depositing 800,000 baht ($24,000) in a Thai bank account.
However, you should budget to pay for local health insurance as, while the UK Foreign and Commonwealth Office rates many private hospitals to western standards, the group notes that standards at local hospitals vary. (Thinkstock)