Getting a pension from OZ

[Glen48]

Can any one tell me what hoops you need to jump through to get a Australian pension I have another 3 years to go and while I am at a permanent visa for here???

[gavison]

hi mate,

there is no big deal as long as you were born in Australia.

my filipina wife and I sold our business last year and retired here in Ballarat.
I just turned 60 and went to Centrelink to make enquiries about this exact thing.

I was told that I could get an aged pension no matter where in the world I lived, subject to the income and assets tests.

for my Filipina wife to be elegible (she is an aussie citizen) there is an additional requirement that she has WORKED in Australia for a period of
12 years.

( if she works for say 8 years, she is eligible for 8/12ths of the pension)

we are currently about to build a house in Davao and plan to move in about 18 months.

I won't be elegible for a full single pension because of income I have, but we could live very comfortably on the full single pension which is currently
$755.50 per fortnight (which is nearly 31,000 pesos per fortnight)

not sure if you actually have to be in Australia when you lodge the application.

hope this of some use,

Geoff

[Glen48]

Originally Posted by gavison

hi mate,

there is no big deal as long as you were born in Australia.

my filipina wife and I sold our business last year and retired here in Ballarat.
I just turned 60 and went to Centrelink to make enquiries about this exact thing.

I was told that I could get an aged pension no matter where in the world I lived, subject to the income and assets tests.

for my Filipina wife to be elegible (she is an aussie citizen) there is an additional requirement that she has WORKED in Australia for a period of
12 years.

( if she works for say 8 years, she is eligible for 8/12ths of the pension)

we are currently about to build a house in Davao and plan to move in about 18 months.

I won't be elegible for a full single pension because of income I have, but we could live very comfortably on the full single pension which is currently
$755.50 per fortnight (which is nearly 31,000 pesos per fortnight)

not sure if you actually have to be in Australia when you lodge the application.

hope this of some use,

Geoff

Lived there 60 yrs and worked about 45 ,, was told i had to live there for 6 mths before I could apply ??? Any other hurdle I have to look forward to don't want to turn up and find i need my Great Grands father birth certif.
If I can ever crack how to make money here might not bother who knows what OZ will be like in 3 yrs time.

[gavison]

don't understand.

are you an australian citizen?

if not you may not qualify for pension.

where were you born?

australia has reciprical pension agreements with various countries.

ie italy, greece, uk etc

Geoff

[Glen48]

Originally Posted by gavison

don't understand.

are you an australian citizen?

if not you may not qualify for pension.

where were you born?

australia has reciprical pension agreements with various countries.

ie italy, greece, uk etc

Geoff

Yes Natural Aussie lived in Oz for 60 yrs worked for about 45.... ouch

[gavison]

then you have no problems getting aussie pension, subject to income and assets tests

[Glen48]

ok don't have any of those either, is there a long process I don't want to be there for days finding papers and running around..

[Gene and Viol]

Originally Posted by Glen48

ok don't have any of those either, is there a long process I don't want to be there for days finding papers and running around..

Was just looking at this thread and had a thought that no one addressed here yet. For those from the US collecting social security payments, the US government has only a very short list of banks that they approve for direct deposits. Is is the same for those of you from Australia? If so, might be a good idea to post the list if anyone has it...

[gavison]

we keep our money in Australia and use internet banking to transfer to our PSBank cheque account.
(which we can use at the atm in Philippines)

we are currently getting 5.75% om savings in Australia compared to about 0 .3% offered by PSB
(and they want to deduct 30% tax)

(there is no tax deducted if you invest 1 million pesos, but interest is rubbish, and I'd rather keep my money in Australia

we have a debit card attached to the PSB account which is used
by family to pay for Nanay's monthly medication. It was also used last week to assist our 5 year old nephew hospitalized
with dengue fever

[Glen48]

Yes it all keeps changing Peso going down in exchange rate.. Was also told you need to report to Centerlink every 6 months is this correct???