Author Topic: Are The Aussie Pensioners Taking Over Thailand - video  (Read 802 times)

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Offline thaiga

Are The Aussie Pensioners Taking Over Thailand - video
« on: February 17, 2016, 12:29:56 PM »
Maybe "AUSSIE" can throw a bit of light on this subject

More younger Australians traveling to Thailand for holidays are opting to settle in the Land of Smiles. For some it is a lifestyle choice, for others it is cheaper living and for many it is for the Love of a Thai woman.

But unfortunately There are only 17 countries that have reciprocal social security agreements with Thailand. Australia is not one of them which is why some are not entitled to their pension if they continue to live here.

Americans, Brits are OK they get their pensions wherever they decide to live. But i'm led to believe that, You cannot claim an Australian pension unless you are residing in Australia or in an agreement country. Is that right

The Aussie Pensioners Taking Over Thailand

credit@ Journeyman Pictures
Anyone who goes to a psychiatrist should have his head examined.
 

Offline Aussie

Re: Are The Aussie Pensioners Taking Over Thailand - video
« Reply #1 on: February 17, 2016, 04:13:19 PM »
Australian's of pension age can live in any country in the world they choose to receive the Australian Pension.  However, once leaving Australia they loose their medical and pharmaceutical benefits, Pension Supplement and Energy Supplement..  The Australian Pension is not fixed and goes up twice annually with the cost of living in Australia.
Age Pension:
It is possible to get the Age Pension for the whole time you’re overseas, whether you have left Australia on a temporary or permanent basis. If you remain outside Australia for longer than 26 weeks, your pension will be reduced to a proportional rate based on your ‘Australian working life residence’. This is the number of years you have resided in Australia since age 16 to Age Pension age. If you have lived in Australia for 25 years (300 months), then you are paid the full rate of Age Pension to which you are entitled. If, for example, you have only resided in Australia for 20 years, then you will be paid 241/300 of the Age Pension (20x12 plus an extra month). If you leave Australia permanently, the rate of Pension Supplement you receive will reduce, or if leaving on a temporary basis, it will be reduced after six weeks of departure.
For those, however, who have been transferred to or granted an Age Pension less than two years ago, your pension will be stopped when you go overseas. There are plans to increase the amount of years from 25 to 35 under the ‘Australian working life residence’ from 1 January 2014. Those already living overseas on 1 January 2014 will maintain the 25 years as a base calculation, but should they return to Australia for more than six months and subsequently leave, they will be subject to the new regulations.Previously, this rate change did not occur until a pensioner had been outside Australia for 26 weeks. However, in the 2015 Budget the Government announced that some pensioners will now have their pension rate reduced if they are absent from Australia for more than 6 weeks. After 6 weeks absence from Australia, pensioners who have lived in Australia for less than 35 year,s will be paid a reduced rate of benefit proportionate to their Australian residency based on their AWLR . Pensioners with more than 35 years AWLR will not be affected.
Before you criticise someone, you should walk a mile in their shoes. That way, when you criticise them, you’re a mile away and have their shoes
 
The following users thanked this post: thaiga, Kev

Offline thaiga

Re: Are The Aussie Pensioners Taking Over Thailand - video
« Reply #2 on: February 17, 2016, 06:54:12 PM »

Thanks for clearing that up aussie and in good detail too. great  :cheers
Anyone who goes to a psychiatrist should have his head examined.
 

Offline Kev

Re: Are The Aussie Pensioners Taking Over Thailand - video
« Reply #3 on: February 18, 2016, 07:11:38 AM »
Yep thanks Aussie, my friends and I always debate this one here in Oz and most people reckon you lose your pension but you have cleared it up pretty well.
 

 



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