Can I receive the Aged Pension if I retire overseas?

Andrew Leeson

28/09/2016

Claim Age Pension Overseas?
We receive a large number of emails and calls from people every week concerning accessibility to the Australian Aged Pension, if they were to retire overseas. And even though a number of them may have already spoken to Centrelink, there still remains much confusion about the topic. So we felt it was time to get the message out loud and clear.

YES! YOU CAN RECEIVE THE AGED PENSION IF YOU RETIRE OVERSEAS

There are estimated to be between 50,000 and 60,000 Australians living overseas and still receiving their Aged Pension entitlements. This is actually a very low number when you consider there are around 2.4 million Age Pension recipients in Australia.

To put this into further perspective, only about 1 in every 50 Age Pensioners are currently living overseas., but we believe this figure will rise considerably over the coming years for three main reasons;

Centrelink

For those of you who seek further confirmation of your accessibility to the Aged Pension, our advice is to speak with Centrelink’s ‘Financial Information Service’ (FIS). It’s a free service that provides education and information on financial issues for all Australians. They are part of the department which administers the Age Pension, and can be found on the following link; 

What are the rules?

The main points are as follows;

Conclusion

We understand planning for retirement can be confusing.  When you are also considering a new and exciting lifestyle overseas, this can add another layer of complexity.  Its therefore very important to get good advice, and ensure you receive all your entitlements and remain firmly within the rules.  Then you too can join the tens of thousands of Australian’s living the dream overseas AND receiving the Age Pension.

If you’d like more information or have any questions, please feel free to call 1800-961-377 or email in**@re**********.au and let the team at Retire to Asia help make your dream lifestyle a reality.

Andrew Leeson

Andrew Leeson

Over 20 years of experience helping people live a better life in SE Asia. Having worked in financial services in Asia I understand the challenges when moving to and living in a new country. I have travelled extensively throughout the region and experienced what SE Asia has to offer to retirees.

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