Wimbledon's Leading Firm of Chartered Financial Planners

Five beautiful travel destinations to kick-start retirement

For many wanting to kick off retirement in style, travel is among their priorities. Perhaps you’re hoping to explore a new destination or want to relax on the beach. A trip away from your usual surroundings can be an excellent way to celebrate the milestone and mark the start of having more free time on your hands to indulge your passions.

According to research carried about by Equity Release Supermarket, 47% of people hope to travel regularly throughout retirement. If it’s a part of retirement you’ve been eagerly looking forward to, the first question is: Where do you want to go? You might already have a pretty good idea of the perfect holiday spot for you, but, with so many different options, it’s not always an easy decision. The first step is to think about what you want from a destination: natural wonders or heritage sites to explore? An island paradise or bustling city?

Whatever your preference here are a few destinations to consider:

1. Rich in culture: China

If you’ve yet to visit China, it’s an excellent place to kick off retirement. It’s packed with culture and has an incredible list of World Heritage Sites, from the Great Wall to the Imperial Palaces of the Ming and Qing Dynasties. Chinese culture is one of the world’s oldest, going back thousands of years, and it’s easy to immerse yourself during a visit. Chinese traditions are evident everywhere and you’re sure to find plenty of new experiences during a holiday here.

2. Filled with history: Italy

If taking a step into the past is your idea of a perfect holiday, the beautiful country of Italy is often a top choice, with Roman architecture and influences around almost every corner. Of course, Rome will spring to mind first, thanks to the Colosseum, Roman Forum, the Vatican, and abundance of Renaissance art. But that’s just one option; From Venice to Tuscan Hill Towns, you’ll find something to satisfy history lovers in Italy. With a flight of two to three hours from the UK, it’s ideal for a short trip away too.

3. A touch of adventure: Sri Lanka

When you think of an adventure filled safari, it’s probably Africa that springs to mind. But the island country of South Asia has a lot to offer. There are over 20 national parks in Sri Lanka, giving you an opportunity to glimpse elephants, bears, leopards and water buffalo. On top of that, you can find peaceful beaches to relax on, a diverse cultural heritage to explore and foodies will love to try some of the local dishes packed with flavour.

4. Perfect for relaxation: Bali

If relaxing on a beach soaking up the sun is your perfect way to celebrate retirement, there are plenty of options. Bali is just one of the places to consider. You can spend hours sunbathing on pristine beaches, such as Nusa Dua, which offers luxury resorts, white sands and stunning blue waters without crowds. If you want to explore beyond the resort, there’s plenty to keep you entertained, including visiting natural sights, exploring temples or take a tour to other parts of the island.

5. Close to home: The Scottish Highlands

If visiting far-flung destinations aren’t for you or you want to explore more of the UK, you’re in luck; a staycation can be filled with just as many experiences. If you’re after stunning landscapes and history, the Scottish Highlands are ideal. Here you’ll find Britain’s highest mountain, the famed Loch Ness and traditional castles to stroll around, all without having to set foot on a plane. Whether you opt to drive, tour or take the train through the Highlands, you’re guaranteed picturesque views. And, of course, you can’t visit Scotland without sampling malt whisky.

Planning for every stage of retirement

As you approach retirement, you might get caught up in the initial excitement and plan. However, it’s important to ensure that you plan for the rest of your life too. You need to balance the luxuries and travel you want to experience with your overall desired lifestyle. Financial planning can give you the confidence to book that trip knowing how your income will continue to support you throughout retirement.

If you want to better understand your finances, both now and in the future, as you plan a holiday to get your retirement started, please get in touch.

Please note: A pension is a long-term investment. The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Your pension income could also be affected by the interest rates at the time you take your benefits.