Plenty of people in the UK choose to head overseas to spend their retirement rather than see out their days on these shores.

Some may be attracted by the potential to make their money stretch further, enjoy better weather, or simply be closer to their loved ones.

But which areas are becoming more popular with retirees? And which are rapidly falling out of favour?

A new study from InvestingReviews.co.uk has dug into the figures to pinpoint which countries have seen the largest increase in residents receiving the UK State Pension and those which have seen the largest decrease.

It has analysed the changes seen since 31st January 2020, when the UK left the European Union, known as ‘Brexit Day’.

So let's start by looking at the five most popular destinations for retirees.