How does UK pension compare...?9 Sep 2024 17:37
Pension paid out per month in £/Cost of Living Monthly Costs in £/ % above/below the pension income breakeven point
1 Luxembourg £5,201.88 £816.20 637.33%
2 Spain £2,709.37 £599.40 452.01%
3 Belgium £2,698.28 £786.60 343.03%
4 Bulgaria £1,486.00 £489.10 303.82%
5 Liechtenstein £2,148.08 £908.99 236.31%
6 Bosnia and Herzegovina £1,022.23 £458.10 223.15%
7 Cyprus £1,507.12 £731.10 206.14%
8 France £1,564.18 £812.50 192.51%
9 Iceland £1,893.87 £1,016.10 186.39%
10 Denmark £1,651.18 £915.60 180.34%
11 Switzerland £2,148.06 £1,389.90 154.55%
12 Netherlands £1,245.48 £816.20 152.60%
13 Norway £1,412.74 £964.90 146.41%
14 Ukraine £482.03 £345.70 139.44%
15 United Kingdom £958.53 £810.40 118.28%
16 Sweden £886.76 £779.30 113.79%
17 Ireland £946.53 £840.10 112.67%
18 Czech Republic £696.31 £648.00 107.46%
https://www.almondfinancial.co.uk/pension-breakeven-index-how-does-the-uk-state-pension-compare-to-the-rest-of-europe/
I find the numbers above truly shocking!
Anyone with some working years left I would recommends moves to Lux, Spain or Belgium.
Cyprus also would be a good option as they drive on the correct side of the road and have proper 3 pin mains plugs.