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Retirement Visa Class – An Overview

Please note this visa is closed to new applicants

The information below is included for archive purposes only.

The Pathway to permanent residence for retirement visa holders announced by Government as part of the 2018-19 Budget commenced on 17 November 2018.

Further details, including eligibility requirements, processing times and visa application charges can be found by clicking the button below

Just because you may be over the age of 45 does not necessarily mean your chances of moving down under are lost for ever.

There are a number of Retirement Visa Classes available for those entering your golden years who still have a yearning to move down under.

Below we present the main options available to you:

INVESTOR RETIREMENT VISA (Temporary) – sub class 405

Who can apply: Anyone who is 55 years of age or over. If a couple, one partner only has to be 55

Related
Male and Single? Another reason to move to Australia

What it entitles you to:. Four years temporary residence in Australia with limited work rights of 20 hours per week. Further applications can be made.

Terms & Conditions: Applicants can have no Dependants other than a spouse and must have full private medical/hospital insurance at all times. State/territory government sponsorship is required and the following charges apply :

– A second visa charge of $8,000 per person

– Assets of $500,000 if settling in a regional area of Australia, or $750,000 if settling in a non-regional area, to establish themselves.

– Funds for investment in a treasury bond with the sponsoring state/territory government of $500,000 if settling in a regional area

or $750,000 if settling in a non-regional area.

– Net annual income stream from investments, pensions, etc. of $50,000 p.a. if settling in a regional area or $65,000 p.a. if settling in a non-regional area.

Subsequent visa applications will carry the same second application charge and annual income requirements but the amounts for investment in treasury bonds are $250,000 if settling in a regional area or $500,000 if settling in a non-regional area.

Related
Current Australian Immigration processing lead time as of September 2008

Further Information: Normal health and character checks are required on initial application and streamlined procedures on subsequent applications. Limited work rights will allow for voluntary work or investment management activities.

Please note this visa is closed to new applicants

The information below is included for archive purposes only.

The Pathway to permanent residence for retirement visa holders announced by Government as part of the 2018-19 Budget commenced on 17 November 2018.

Further details, including eligibility requirements, processing times and visa application charges can be found by clicking the button below

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Written by Mark

As the founder of Getting Down Under, Mark is passionate about demystifying the process associated with a move to Australia. Having launched Getting Down Under in early January 2006 and made the move to Australia from the UK in the same year, Mark continues to share resources and support for those looking for assistance. If you have a question for Mark, please post in our Community Forums. Please note All information provided on Getting Down Under should be considered in conjunction with our disclaimer. Please seek professional advice if you have any doubts! 

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