The cheapest country in the world to retire is ‘beautiful’

Many retired Britons dream of moving abroad and enjoying a warmer climate in their golden years. A stunning country has been named the cheapest country for British expats.The team of financial experts at Penfold looked at the best countries around the world to retire.They researched the most popular destinations looking at the cost of living, healthcare costs and safety.The Philippines was named as one of the cheapest countries in the world for Britons to retire.The cost of living in the Philippines is half the price of the UK and retirees won’t have to spend nearly as much on accommodation, food or daily essentials.READ MORE: Flight attendant shares method that ‘always works’ for upgrade The Philippines is the cheapest country to retire (Image: Getty)Prices are a lot lower than in other southeast Asian destinations such as Singapore and Bangkok.Expats will save a lot of money if they shop at local markets and it’s possible to eat out regularly.With a warm tropical climate and a growing economy, the Philippines has quickly become one of Asia’s top destinations for expats.Made up of over 7,500 islands, the Philippines has a stunning coastline and one of the world’s highest levels of biodiversity.DON’T MISSCruise guest says avoid certain clothing or ‘you’ll miss out on food’ [WARNING]Best destination for British expats is ‘beautiful and affordable’ [INSPIRATION]New cruise ship community will live at sea – ‘magical’ [CRUISE] Expats in the Philippines will enjoy a warm climate (Image: Getty)Medical staff in the Philippines are highly qualified and very in demand worldwide but they often have to work in poor quality facilities in their home country.Healthcare facilities vary widely around the country and expats may find better options in cities than rural areas.Many expats opt to pay for private healthcare which generally has better equipment than public hospitals.Some expats even travel to Hong Kong or Singapore for treatment and retired Britons will have to decide whether that is feasible.