Looks like they have lowered the annual income threshold for this visa. But i am troubled by the condition "have no dependents."
Do they mean having no dependents who will come live with you in Oz?
So if all my kids are of legal age and no longer legally dependent on me but they live outside Oz, does that meet the condition?
Even if I have kids who are somewhat dependent on me (e.g. alimony) but they are overseas and I do not declare them in my application, do they bother to check?
I am just trying to clarify the legal language of this visa and find a pathway, given that I am not under 45 and all skilled pathways are closed to me. It used to be that you could apply for a 189/190 up to 50 y.o., with zero points for age but it is now "under 45 years of age at time of invitation" only.
Investor Retirement visa (subclass 405)
Features - This temporary visa is for self-funded retirees who have no dependents and want to live in Australia during their retirement years.
be 55 years or older
have no dependents (other than a partner)
have an income of AUD 65 000 per year (or AUD 50 000 if you wish to live in a regional area)
have a designated investment of AUD 750 000 in Australia (or AUD 500 000 if you wish to live in a regional area).
This is the only retirement visa. If you are not eligible for this visa, you might be eligible for a parent visa.
Length of stay - Four years
Cost - From AUD 330
By Andrew Reed
I have been in Australia for 3 years now, we are quite settled and I am looking at transferring my assets. The problem is that I have no idea how to transfer my pension, I have spoken to a couple of friends that transferred their pensions over into something called an Offshore QROPS but they seemed to have paid quite high charges (e.g. 3-5% of the total pension) are there any cheaper options out there and is this the best option?
By Sarah Bass
Looking for guidance on bringing across a UK contribution pension scheme. But have some questions.
Quick current status summary. We have been in Australia for 4 years first on a 457 and got granted our PR Sept 2016 (so have missed out on getting our Citizenship in September this year). We are in our mid forties.
Assuming we do eventually get Citizenship and can afford to retire here my questions are:
Is there tax payable if we bring across our UK pensions and put them into an Australian super fund?
Ive seen some information around needing to leave the money in the fund for 5-10 years. Are we therefore best to look to bring it across now?
Whats the earliest Australian super funds can be accessed come retirement?
Is there limits to time spent abroad if you're drawing from your superfund in Australia. For example when retired up to 6 months is spent travelling a year.
Whats the implications if the pension funds are left in the U.K. And then we draw down on them once retirement comes?
if anyone has experience of retiring here it would be great to here from you.