The Best Places to Retire in the UK for 2021

On: May 23, 2020
By: Abhishek Dey

5. Fife, Scotland

Fife is a peaceful and scenic part of Scotland that benefits from ready access to the cities of Edinburgh, Glasgow and Perth allowing residents to find a balance with being removed from the busyness without being too out of touch. And for those who like to travel abroad frequently, the road and train network also provide easy connections to Edinburgh Airport. Without question, Fife is the home of golf with over 50 courses in the area including the Old Course, Kingsbarns and St Andrews Castle. Fife also has an abundance of other activities on offer such as sailing and walking along one of the many routes.

Population: 235,000
Median House Value at Fife, Scotland: £146,000
Median Monthly Rent at Fife, Scotland: £725

Tip 3: Financial advice can be an investment- The FCA found that only 11% of pensions were accessed to purchase an annuity (April 2018 to Mar 2019). Increasing numbers are accessing their pension through income drawdown. However, recent PPI research has found that cognitive decline over retirement may make it more difficult for some people to make appropriate decisions about how to access their savings in their older years.

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