Best places to live in retirement and how far your pension will go

Life insurance brokers Reassured considered six key factors to reveal the most affordable countries for retirement in 2023.

These were: the cost of living, cost of accommodation, cost of transport, annual levels of sunshine, life expectancy and total population over 65.

It awarded the number one spot to Greece, which has 2,773 hours of sunshine every year and the third-largest global population over the age of 65.

Greece is home to snow-capped mountains, golden beaches, great food, ancient history and the lower cost of living means more money in one’s back pocket.

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