It's official: Dorset is the best place to retire

It's official: Dorset is the best place to retire

Renowned for its stunning beaches and magnificient countryside, Dorset has been named as the best place to retire, with half of over-65s in good health and 82% owning their home outright, according to a Prudential survey.

The insurer's research also looked at marital status, the number of unpaid carers who help relatives and the number of over 65s who hold passports. The Prudential last year named Dorset's Christchurch as the town with the highest concentration of pensioners in its population; and in West Dorset one in 10 of the population are likely to be aged over 85 in less than 20 years’ time.

The second highest-ranked retirement location is Solihull, followed by Buckinghamshire, North Somerset and the Vale of Glamorgan. Wokingham, Hampshire, Monmouthshire, Poole and South Gloucestershire tied for sixth place  This means that the South West holds four of the top 10 ranking areas.

Vince Smith-Hughes of Prudential said: ‘Our analysis shows that the quality of life experienced by retirees varies significantly across the country. However, it is not always possible for people to up sticks and move to a location they consider to be more desirable, when the time comes to give up work. Family ties and the cost of moving home often dictate where people find themselves living as pensioners."

Mr Smith-Hughes adds: "People looking to secure a retirement in an area where the quality of life is already high, or those simply looking to be as financially comfortable as possible when they give up work, are well advised to follow the simple rule of saving as much as possible as early as possible in their working lives."

There’s more money-saving advice in every issue of Yours magazine, out every fortnight on a Tuesday.