People who want greater freedom to decide how they spend their personal or company pension savings may find rules less restrictive abroad than in Britain.

An estimated 1.3 million Britons have made Australia their home, for example, with more than 23,000 people emigrating there from the United Kingdom last year.

As well as the appeal of sunnier climes and a high standard of living, one of the lesser-known attractions is that the Australian pension system is much more permissive on pensions.

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