"Cyprus tops the charts for sun-soaked tax hacks and an outdoor lifestyle that looks like a pensioner's Instagram fever dream: 3,388 hours of annual sunshine in Nicosia, generous pension tax treatment, no wealth or inheritance taxes, and English widely spoken."
"Lower overall living costs can support a more manageable retirement budget, particularly outside main urban areas, with Paphos and Limassol already having established expat communities."
"Ireland quietly ties for first thanks to its zero wealth tax, a booming economy, shared language, low crime rates, and a public healthcare system that is accessible to retirees."
Retirees are facing increased living costs and insufficient pensions, prompting many to return to work. Cyprus and Ireland have been ranked as the best retirement destinations due to their affordability, lifestyle, and long-term security. The rankings consider factors such as visa access, cost of living, tax, healthcare, stability, safety, and climate. Cyprus offers a sunny climate and favorable tax conditions, while Ireland benefits from a strong economy and low crime rates, making both attractive for retirees.
Read at Fortune
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