Is There A Retirement Visa For Australia

There is no official retirement visa available in Australia, however the age pension is available if the person has a minimum of ten years legal residency. If a person chooses to move to Australia and retire in a regional area they may be eligible for the regional relocation assistance package (RRAP), though this does require them to meet other criteria. The RRAP provides eligible new residents with two potential lifestyle assistance payments to assist with the costs of relocating and settling into life in a regional area.

A “Retirement Visa” is the term used to describe a permanent visa in Australia. But what are the requirements of this visa? In order to apply for one, you will need to be able to satisfy the following:

Six in ten people aged 50-64 say Australia is a good place to work beyond traditional retirement age, according to an ANU poll [1]. The Australian workforce is ageing as baby boomers delay their retirement plans, and it’s led to speculation about whether there should be special visa conditions for older workers [2]. The idea behind a “retirement visa” or “senior visa” is that migrants would skew older and would come to Australia for a short period of time to supplement their pensions or provide skilled labour to the ageing population.

Retirement visas are a way for people (or couples) to get permanent residence in Australia. These visas also allow them to eventually become Australian citizens.

Is There A Retirement Visa For Australia

The Australian government is encouraging older people to make the country their home. One way of doing this is through the Accommodation Support Visa. It’s an option for retirees who hand over a portion of their assets to the state, in exchange for a residence visa which allows them to pay low or even no taxes for ten years. This article explains how the Accommodation Support Visa works and whether it’s a viable option for you.

​​​​​​​​The Retirement visa (subclass 410) is designed for retirees and their partners (if any) who want to spend some of their retirement years in Australia.

This visa is not available to new or first-time visa applicants other than partners of existing Retirement visa holders, former Retirement visa holders who have not held another substantive visa since last entering Australia. 

Former Retirement visa (subclass 410) holders and their partners who have been granted any other substantive visa, including Visitor visas and Electronic Travel Authorities, are not able to reapply for this visa.

Since 1 July 2009, Retirement visa holders have been able to apply for a visa which is valid for 10 years from the date of grant and does not have any restrictions on the hours they are able to work.