Devon named ‘happiest’ UK retirement location

Pensions / Retirement
Approaching Retirement
Joe Phelan's picture
The picturesque South West county pipped neighbouring Dorset to claim top spot.

A study has named Devon the top UK retirement location, with the county’s residents said to be most likely to experience a ‘happy and healthy’ life post-employment.

The research, which took into account crime rate, life expectancy and access to healthcare, saw Devon pip neighbouring county Dorset to the top spot, with Powys and Norfolk ranked in joint third.

Devon is a county beloved by many because of its many miles of coastline, including the areas known as the English Riviera and the Jurassic Coast, and its plethora of idyllic villages and towns, such as Salcombe and Exmouth.

Research suggests that those living in Devon live for an average of 20.5 years in retirement should they retire at 65. The average life expectancy for males is 84 and 87 for females, far above the UK average of 79.5 and 83.2 respectively.

The study, carried out by Prudential, also revealed that of those that retired in 2015, more than a third (36%) say they will be able to leave an inheritance to their families, which is well above the UK average of 29%.

All six South West counties were named in the overall top 20, with Gloucestershire (7th), Wiltshire (12th), Somerset (13th) and Cornwall (19th) joining Devon and Dorset at the top of the pile.

The overall top 20 is as follows:

1. Devon
2. Dorset
3= Powys
3= Norfolk
5. East Sussex
6. Surrey
7. Gloucestershire
8. West Sussex
9. Suffolk
10. North Yorkshire
11. Cambridgeshire
12. Wiltshire
13= Somerset
13= Hampshire
15 Herefordshire
16 Conwy
17 Buckinghamshire
18. Oxfordshire
19. Cornwall
20. Monmouthshire

If you are looking to relocate upon retirement, or want to gain a firmer understanding of how your retirement preparations are coming along, then an IFA can help. To speak to a financial adviser in your area, search the VouchedFor database.

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