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Planning Your Next Move Once You Get To Pension Age

As you approach pension age, new lifestyle possibilities may start to present themselves. Depending on how you see the next chapter in your life unfolding, you may be able to make some exciting choices about how you want to live. 

To really take advantage of these golden years, we believe that all you need is a bit of direction. Below we’ve listed a number of destinations to give you an idea of what’s possible when you’ve got your pension in your pocket and the freedom to explore.

Country or city

Depending on where you’ve lived so far, you may want a change of scenery. 

  • Tokyo: If you’re attracted to the bright lights of urban cities, there are very few places like the capital of Japan. A population of 14 million live in this ultramodern metropolis and make it a must for those with a love for the state of the art. For those that like to get about, Tokyo’s transport system is one of the cleanest and most efficient in the world

  • Great Britain: The British countryside is renowned for its stunning scenery and thriving national parks. If getting back to nature is a dream for you as it is for many others then this could be a good start. Great Britain is only a fraction of the size of Australia so deciding where to relocate should be easier than other places. Blackawton is a quaint village in Devon, South West England with some ‘spectacular views from its hilly streets’ according to BT’s 50 best rural places to live in Britain.

English speaking or local language

Do you want to learn a new language, or find an English-speaking haven?

  • The USA is a top choice for many Australian expats and could provide some familiar footing in terms of language and broader culture. Because of its climate, California appears to be a favourite among Aussies who want to venture abroad for something new but familiar. If you’re worried about experiencing culture shock you can always read a guide to starting out in California for Australians.
  • If you want to learn something new or explore something unknown you might be interested in a country where the primary language is not English. In Singapore, which is just 8 hours away, there are four main languages spoken to reflect the major ethnic groups in Singapore. Tamil, Mandarin, English and the national language, Malay give you the chance to obtain bi-lingual status.

Activity or relaxation

Are you looking for action and activity or more downtime?

  • If you’re on the lookout for your next adventure, it may be closer than you think. For those that like to stay active and explore their surroundings, New Zealand is prime for outdoors activities like hiking, camping and mountaineering. The lakes of Te Anau, Ski districts of Mount Cook and world famous Milford Sound hiking regions are just a few of the country’s beautiful landscapes.
  • If you’re happy to put your feet up and take it easy over the next chapter of your life then there are plenty destinations to choose from. Western Europe boasts some great quality of life both for its citizens and expats, with Portugal, Malta, Spain and Italy coming up trumps on many dream retirement lists. 

Hopefully this post has given you some food for thought on how to approach this exciting new period in your life. At OFX, we have offices across 6 global locations and send money to 190 countries around the world. With our customer service and transfer agents on call 24/7, we can offer assistance around the clock for your international money transfer needs.