10. Cardiff
A former winner of the ‘Best Place to Live’ in the UK, Cardiff is typically recognised as a hotspot for retirement. With low average property prices and a huge range of amenities – according to Profile Pensions there are over 260 pubs and cafes in the city – Cardiff is a compact city offering cosmopolitan living with beautiful coastal views just a short distance away.
Population: 477,627
Median House Value at Cardiff: £377,408
Median Monthly Rent at Cardiff: £981
Tip 8: Think about how to access your pension income- If you have a defined contribution pension, you need to decide whether you want to access your pension savings through income drawdown, by buying an annuity, taking a cash lump sum, or a combination of these options. Help and support are available to help you understand what each option, and which might be best for you. Speak to your employer about any support it may provide, such as financial education and/or access to regulated financial advice. You can also access Pension Wise, a free and impartial government service.