Retiring to Australia
“Retirement the way it should be”
Investments
The minimum requirement is AUD$5 million (held for the duration of the provisional visa). to comprise of:- 20% in eligible Venture Capital and Private Growth Equity funds (VCPE) investing in start-up and small private companies (AUD$ 1m)
- 30% in eligible managed funds or Listed Investment Companies (LICs) that invest in emerging companies (AUD$ 1.5m)
- 50% in balancing investments in managed funds or LICs that invest in eligible assets, including Australian listed securities, eligible corporate bonds or notes, annuities and real property (AUD$ 2.5m).
Compliant investment funds
The fund managers selected to assist in managing the investment must satisfy the Department of Home Affairs criteria as follows:- Over AUD$ 100 million assets under management
- Hold an Investor Director Portfolio Services Licence
- Manage complying investment frameworks
- Licenced by the Australian Securities and Investments Commission
- Member of the Australian Investment Council
The source of funds
Before accepting direct foreign investments, the Australian investment company conducts:- Anti-money laundering checks
- A Know Your Clients onboarding process
- A Politically Exposed Person check
The Benefits
- Ability to reside and retire in Australia
- One of the highest standards of living in the world
- World-class healthcare
- Ability to bring eligible dependents
- No English language proficiency is required
- No points test to satisfy
- No upper age limits
Permanent Residency leads to citizenship after five years.
Managed Solutions
We provide a complete, tailored emigration solution for retirement to Australia. Our qualified experts assist with your emigration case and sourcing the Compliant Investment Framework most suited to your emigration requirements.Priority Approvals
The Australian Federal Government treats all Business, Innovation and Investment visas as a priority, providing an outcome to your case in just a few months.
Moving Pensions to Australia
Several countries allow private pensions to be re-invested in Australia. This enables an existing off-shore pension fund to be used for the purposes of emigrating to Australia.
Purchase your retirement home
There are potential opportunities to secure a domestic residence as part of the compliant investment requirement.
The property purchase may be subject to the Foreign Investment Review Boards (FIRB) additional charges. However, these costs are minimal and only apply to certain properties.
Properties within retirement villages are usually exempt from additional FIRB charges.
Healthcare
Life expectancy in Australia is higher than in many countries as the lifestyle, health and social care facilities on offer are excellent
Practical considerations when retiring to Australia
Make sure you fully understand what your financial situation is before you begin your emigration case to retire in Australia. You need to address what to do with your pension, what your tax liability is and whether you are entitled to any benefits. Here’s how…
- Acquire an estimate of your state pension so that you can work out how much you will have to live on each month.
- Ask HM Revenue and Customs for information on your tax liability on any income over your UK personal allowance. Be mindful of the fact that UK tax payable from abroad can vary quite significantly from country to country.
- Seek independent tax advice about the benefits of offshore banking – it could make a big difference to your savings.
Australia has one of the worlds most socially and politically relaxed climates
According to a survey in association with YouGov, around 27% of ex-pats cite a better climate as the main reason for moving abroad – far more than the average of 12% for other countries.
Australia is a stable, safe country with low levels of crime. It has a thriving ex-pat community, and many are retired – with 14% classifying themselves as retired. One-third are aged over 55, and many are drawn to Australia due to its relaxed culture. Accordingly, 43% moved to Australia to improve their quality of life.
Housing, healthcare and the cost of living are all attractive if you’re planning to retire to Australia.
Flexibility & Control
Each year, the Australian federal and state governments review the 188 visa programme to ensure it delivers the best possible outcomes for Australia. Where deemed necessary changes are introduced without advanced notice. State governments open and close the investor visa stream within their respective jurisdictions as deem necessary to meet the local economic objectives.
That said, once an investor secures an invitation to emigrate (State Nomination), any future changes to the emigration policy will not affect their case.
