Age Pension payments overseas

Barry wants to spend more time overseas, but will still receive his part Age Pension?

At 71, YOURLIfeChoices member Barry is looking to spend more time overseas and is keen to find out if he will still receive his part Age Pension?

Q. Barry
I am 71 and was born in Australia. I retired in 2007 having worked for an employer for 33 years and was self-employed for eight years. Assets—wise I am eligible for a partial Age Pension. Can I receive the Age Pension while living most of the time overseas?

A.  An Age Pension can be paid if you reside outside Australia, however, your rate of payment may change after 26 weeks.
Find out more about the Age Pension payable overseas by visiting HumanServices.gov.au

As long as you remain eligible for your payment, you will be paid the basic level of Pension Supplement. Find out more about the Pension Supplement payable overseas by visiting HumanServices.gov.au  

Also, you need to be resident in Australia to qualify for the Clean Energy Payment which is due to commence March 2013.

Before you make any moves overseas, you should contact Centrelink on 13 2300 to speak to a Financial Information Services officer.





    COMMENTS

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    micky d.
    30th Jan 2014
    5:17pm
    Barry BEWARE !
    After you have resided overseas on a more or less permanent basis for 2-3 yrs (check this with Centrelink) you will be asked "where do you actually live - there of here ?"
    If your answer is "there" you will be classified as a Non-Resident Australian.
    Your Medicare card is likely to be forfeited but - and here comes the nasty bit - the tax department will pick you up as a Non-Resident Australian and guess what ???? -whilst you may not have had to pay tax on your age pension previously because it was well below the tax threshold you will now become liable to pay Non-Resident Tax and that means 29% of every single dollar you earn in Australia - INCLUDING YOUR AGE PENSION !!!!!
    So one hand of Govt. generously gives you $100 and the other hand reaches out and takes $29 back.
    You can then understand why all the benefits of living cheaply overseas (if that is the incentive) are swept away.
    Barry, ask Centrelink all about that and speak to your accountant to verify your own tax responsibilities - but DO, as I said, beware.
    Cheers and good luck.

    12th Jul 2014
    12:03pm
    Move overseas to MANLY then you lose nothing
    Precious 1
    21st Dec 2014
    2:34am
    Well is anyone entitled to a Pension from here if forsaking Australia...but a part pension like we get from UK for the higher income of a couple....it was gauged only from the time we left to come here...and over the years mine is dwindling with rate of exchange etc......
    Neilchopra
    5th Sep 2014
    4:08pm
    Dear sir/madam,
    My name is Neelesh Chopra and I was a permanent resident in NSW Australia from 1975 to 1989 and left Australia in 1989.I worked with State Rail Authority of NSW.
    I am now a U.S citizen residing in California.
    Could you please let me know the procedure to apply for old age pension.
    I turn 65 years in this month on the 19th.
    Waiting for your quick response.
    Thanking you.
    Neelesh Chopra
    Precious 1
    21st Dec 2014
    2:30am
    Where do peo;ple go when saying they going overseas? Is it the Phillpines, Bali or dear old UK or Ireland......
    Precious 1
    21st Dec 2014
    2:31am
    I wonder if it worth all the hassle or is it a love interest lol
    farang71
    2nd Oct 2015
    12:12pm
    i am living in thailand and receive full pension.
    i am trying to find the new pension rates for living outside australia 20/09/2015.

    re the dental conversation, i had one tooth extracted, one full top plate made and a part bottom plate (all but 4 teeth) for the total cost of bt5,500 (approx 220 aud ).
    so jump on a plane and come to thailand for dental work,
    cheers
    farang71
    farang71
    2nd Oct 2015
    12:12pm
    i am living in thailand and receive full pension.
    i am trying to find the new pension rates for living outside australia 20/09/2015.

    re the dental conversation, i had one tooth extracted, one full top plate made and a part bottom plate (all but 4 teeth) for the total cost of bt5,500 (approx 220 aud ).
    so jump on a plane and come to thailand for dental work,
    cheers
    farang71
    whatsupdok
    28th Jan 2017
    2:10pm
    For a non resident living overseas, do they pay tax on their old age pension and is it at the non resident tax rate without any exemption?
    whatsupdok
    28th Jan 2017
    2:12pm
    PS; to my previous comment. This pertains to a dual citizenship held with the USA and Australia whilst actually living in a third country.


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