Over six million UK adults are planning to head off to foreign climes to start a new life in their retirement, with more than half venturing beyond Europe, a survey found.

Of the estimated 3.2 million UK adults planning to retire in Europe, Spain was the most popular destination with 26% of the vote in the MGM Advantage poll.

France was second with 17% of votes, Italy came in third place with a 10% popularity rating.
An estimated 3.2 million have been planning to retire outside Europe, with the most popular destination America, with 16% of votes.
Australia followed in second place with 14% of votes. Coming in third place was the Far East, which pulled in 13% of votes.

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Andrew Tully, MGM Advantage, said: "A huge number of people harbour a desire to retire abroad. Thoughts of better weather, cheaper living costs and potentially cheaper property than the UK can be a strong draw.
"But, thinking that your regular holiday destination can also be your ideal retirement home might be hit with flaws.
"Without the right planning, savings and advice, you can quickly get caught out by local tax laws, exchange rates and other financial arrangements, turning a retirement dream into a potential nightmare.
"You might also get a nasty shock later in retirement when you find your UK state pension does not increase annually because the country you choose to retire to does not have a reciprocal agreement in place with the UK.
"As an example, if you retired to Canada ten years ago, your UK state pension would now be worth 42% less than if you had retired across the border in the US. Or put another way, your pension would be worth £1742 more a year by simply choosing the US as a retirement destination rather than Canada.
"To help navigate the complexities of retiring abroad, it is vital people seek professional financial advice."