December 10, 2023

Wire Service Canada

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Why not spend it in Canada or Australia?

Why not spend it in Canada or Australia?

Most Swiss people spend their retirement at home, but some are drawn to other countries to enjoy a well-deserved break. According to UBS’s analysis, there are several countries that offer a similar standard of living to the Commonwealth at lower costs: these include Canada, Australia and the United Kingdom.

The study, released today by the big bank, took into account 26 states and focused on two criteria. How much wealth is needed for a thirty-year retirement emphasizes quality of life first and second.

Basically, according to UBS, all the countries included are cheaper than Switzerland in terms of costs. However, retirement living is not cheap in Denmark, Finland, Norway and even the United States. Also, the states can’t hold a candle to the Nordic countries in terms of quality.

On the other hand, retirees from Canada, Australia, New Zealand, the United Kingdom and Sweden have the highest quality of life in favorable circumstances. In these countries, up to 40% less assets are enough to make it past old age. States like the Philippines, Mexico or Brazil are even cheaper, but pay a lot for voice quality.

A special case in South America is represented by tiny Uruguay, which offers a high quality of life in an environment of very low costs. However, in countries bordering Switzerland, such as Germany or France, one-third less wealth is sufficient for equal or nearly equal wealth.

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