As more people leave the UK to seek out sunnier and more tax-efficient climes, Cyprus is expected to be one of the major centres to benefit from the exodus. This will push demand for both financial services and advice
By 2020, many of the 'sunshine states" in the Mediterranean could be the new home to an increasing number of UK expatriates - whether employed or retired. According to a recent report, over the next 10 years more than two million over the age of 50 will leave the UK to retire abroad, and more again will take up employment posts overseas. It is estimated up to one in five UK retirees will live overseas by 2020. Spain, a perennially favourite destination for UK retirees, is likely to be one of the host countries most affected. Along with a wide use of English, the sun"s perceived health ben...
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