Australia Retirement Visa

Retire To Australia

If you are considering retiring to the “land down under” with its breath taking landscapes, beaches, and very accommodating urban life can be done relatively easy by applying for two classes of visas. To retire to Australia is not a great option if you will need to continue to work to support your retirement income. The cost of living can be less than the UK, and other developed countries, but it is in no way cheap retirement living. When applying for a retirement visa most individuals will need to be self-funded and as such are usually not entitled to any financial support or welfare support from the Australian Government. You will also

However, if you have the funds to retire in Australia with its diverse ethnicity, wonderful climate, modern health care, incredible restaurants and friendly people you will have made a wonderful decision.

Available Retirement Visas

There Are Two Visa Classes To Consider When Retiring:

Investor Retirement Visa (subclass 405 – Temporary)

The first is the Investor Retirement Visa (subclass 405 – Temporary)This visa is the recommended visas for (new or first time applicants) who want to spend a portion of their retirement in Australia

The Retirement visa (405) is a temporary entry visa, and as such will not lead to permanent residency or to an Australian citizenship for retirees. One contingencies of the retirement visa is that only a spouse will be included in the application process, and no other dependent relatives can be included. This visa will allow couples or individuals over the age of 55 to live in Australia for four (4) years

Individuals must have assets valued at least A$750,000

Choosing to settle in regional australia/low population growth metropolitan areas will allow having assets valued at least A$500,000.

Need a Retirement visa? Click here for advice.

Retirement Visa (Subclass 410)

This is the visa that is intended for retirees and their spouses who want to spend some of their retirement years in Australia. Individuals are eligible to rollover their current Australian visa. To apply for this visa individuals and their spouses are eligible if they can show that they are able to make a considerable long term financial investment in Australia.

This Visa While Active Will Allow Retirees To:

Allow re-enter or leave the country at any time

Allow retirees to work for up to 20 hours a week

Allow retirees to continue or undertake studies of their choice

Voluntary work is encouraged

Requirements & Eligibility For Retirement Visas Include:

Individuals must show evidence of sufficient up to date health insurance, with full comprehensive that provides coverage that is equal to that of Medicare, and has prescription coverage for medications as well. An additional requirement is a health evaluation that includes a physical exam, and possibly chest x rays.

Finally you will need to pay the non-refundable application charges that are mandatory for the different retirement visa applications, and individuals will be held responsible for any cost associated with translation fees of the visa if applicable.

Retiring “down under” to the moderate climate and all the wonderful amenities that Australia has to offer is a wonderful way to spend your golden years. If you need assistance with your Australia retirement visa application we could be pleased to assist you in any way that we can.

Need a Retirement visa? Click here for advice.