Retire to Australia – Retirement Visas

Australia Retirement Visas

Retiring to Australia - Retirement Visas

Our specialist area or expertise is the area of securing residency and citizenship via investment for Australia and across the globe. Our team are available to assist you find the perfect route, allowing you to retire in the country of your choice.

For Australia you may be eligible for a retirement visa if you are:

  • 55 years or over
  • Secure state-sponsorship
  • have no dependent children - grown-up children are not classes as dependent
  • The necessary income and investment funds available
  • Meet the health & character requirements



Over the years Haskew Law has developed an alternative solution for securing residency by investment which many clients find more effective for a number of reasons. To let us present all your options complete our assessment form and one of our senior advisors will contact you shortly.

More detailed information on retiring to Australia


It is worth being careful on this point as the Australian Government and others show a headline figure required of AUD 750K or AUD 500k for a regional 405 visa. The truth is the numbers quoted by the Australian Government is only half the money required to secure your visa.

You must have assets (or if you have a partner,your combined assets) valued at least AUD 1.0m for retirement to a regional area broken down into two parts AUD 500K to be invested in a State bond and $500K available after the investment or AUD 1.5m if you wish to live in the metropolitan areas in state.  This is broken down as before but in two parts of AUD750 0 each.

The assets must be:

  • legally owned and lawfully acquired by you (or you and your partner)
  • capable of and available for,transfer to Australia.

Exception:If you intend to live in regional Australia you must have assets (or if you have a partner,your combined assets) valued at least AUD500 000.

All assets listed must be held for two years before lodging your application unless they are related to superannuation,pension and/or inheritance. If you are intending to sell assets for your move to Australia,we recommend that you wait until after your visa is granted. If you need to sell assets to meet visa requirements,you should carefully consider whether you will be able to finance your ongoing stay in Australia. The assets are in addition to the funds required to make the designated investment.

This asset test only applies to new Investor Retirement visa. If you choose to reapply for your visa you do not need to meet the assets test again and the visa is renewed every four years.


You (or combined with your partner) must have access to a minimum net income of AUD $65K per year.

If you intend to live in regional Australia you (or combined with your partner) must have access to a minimum net income of AUD50 0 per year.  We are able to provide details of these areas.

This income test applies each time you apply for an Investor Retirement visa (subclass 405). If you choose to reapply for your visa you will need to show that your net income still meets this requirement.

Designated Investment

You must have made a designated investment of at least AUD750 0 in your name (or in the names of you and your partner),in the state or territory in which you have been sponsored. The funds for the designated investment are in addition to your asset requirements.

If you intend to live in regional Australia you must have made a designated investment of at least AUD500 0 in your name (or in the name of you and your partner) in the state or territory in which you have been sponsored.

A designated investment must be maintained for the duration of the Investor Retirement visa (subclass 405). The amount of the designated investment decreases by AUD250 0 the first time you reapply for the visa and then remains constant thereafter. If you reapply for your Investor Retirement visa (subclass 405) a designated investment of AUD500 0 must be made and maintained. If you live in regional Australia a designated investment of AUD250 0 must be maintained.

Health insurance

You must have evidence that you and your partner hold an adequate health insurance package for the period of your intended stay in Australia.

For health insurance to be considered adequate,it must:

  • be fully comprehensive
  • provide coverage that is at least equivalent to Medicare (including coverage of 85 percent of costs for hospital,emergency,and general practitioner services)
  • provide coverage for pharmaceuticals.

It is preferable that the policy is with an Australian insurer;however alternative arrangements that meet the above requirements can be accepted. Alternative arrangements,with an overseas insurer,will need an individual detailed examination of the insurance policy and may result in processing delays.

If you do not maintain adequate health insurance it may result in the refusal of future visa applications.

Health requirements

You must meet certain health requirements. The results of your health examinations are generally valid for 12 months.

This applies to you and any dependent family members included in the application.

You are able to organise your health examinations upfront before lodging a visa application.

Character requirements

You must meet certain character requirements. If you are 16 years of age or older,you must be prepared to provide a police certificate from each country you have lived in for 12 months or more,during the past 10 years,since you turned 16 years of age. Do not arrange for police certificates until we ask you to.

Debts to the Australian Government

You must have no outstanding debts to the Australian Government or have arranged to repay any outstanding debts to the Australian Government before this visa can be granted.


Secure assistance with these visas is advised due to the sums involved and what is at risk.  There will also be HRMC tax to take into account and ways that need to be employed to remove or reduce any unnecessary tax burdens.

Watch a video on Retirement in Australia

Retirement in Australia offers expats a high quality of life and an opportunity to enjoy their retirement in a spacious,pollution-free environment that has an abundance of natural resources and beauty hot spots. In addition to its well-developed infrastructure,Australia’s moderate winters have made it an increasingly popular destination for those retirees from abroad who seek warm,pleasant climates.

Living Expenses

Australia has some of the least expensive cities in the world in which to live. As with every other country in the world,there is a variation in the cost of living from city to city. The cities which frequently appear as offering a low cost of living compared to the quality of life on offer are Adelaide,Brisbane and Melbourne.


Life expectancy in Australia is high and the health and social care facilities on offer are of a very good quality. However,retirees should always bear in mind the fact that they will not be entitled to any government or medical benefits during their retirement in Australia and will need to secure their own fully-comprehensive insurance policy from an Australian company.


The Australian residential market is primarily focused on renting as opposed to sales and because of the lack of competition for properties that are for sale,purchasing a property can often act as a useful economical entry point for people who are looking to retire in Australia. However,it is important to note that the housing market in Australia does not typically offer buyers a good return and for this reason,only people who are looking to stay in the country for a long time should consider purchasing during their retirement in Australia.

Typically the further a property is away from a large city or town,the cheaper it will be. Rents and purchase prices tend to be highest in Sydney,Melbourne and Darwin.

Social and political climate

Australia is regarded as having a very low risk of political instability and it ranked second in the world for political stability in the IMD World Competitiveness Yearbook 2009.

Australia has a low crime rate and is a relatively safe country. However,as with most destinations,retirees should act with caution,especially when out in the city at night. Homes and cars should be kept secured when unoccupied.


Australia has a highly developed and sophisticated infrastructure and the standard of communications,transportation and public services on offer here is on par to that available in other developed nations.

Standard Retirement Visa

People who wish to retire in Australia must be over the age of 55. With the exception of your spouse,who does not need to over 55 to qualify,you cannot have any dependents. People who apply for the standard retirement visa will be awarded a temporary visa in the first instance,which is valid for four years. After this period has lapsed,the visa can then be renewed on a two-year rolling basis. In order to qualify you will be required to demonstrate that you are in good health and have no previous criminal convictions.

Practical considerations

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.


Other things to take care of…

Your “to-do” list might seem uncontrollably long,but here are another couple of things that need to be dealt with that might have slipped your mind: 

  • If you decide to split your time between Australia and the UK,work out how best to secure it if it will be empty for a number of months at a time. Also,remember to inform your mortgage lenders and insurers that you are going to be elsewhere.
  • Notify your utility companies of your imminent departure and provide them with a forwarding address so that they can send on any refunds that you could quite possibly be entitled to.
  • Contact your local Council Taxation organisation,the Electoral Register,your banks and building societies and make sure all mail will be forwarded to your new address.

Finally when moving to Australia use a currency exchange specialist rather than a bank to transfer your money could save you thousands.

Summary of Australian Retirement Visas

If you are looking for a longer-term retirement visa you may choose to apply for a permanent retirement visa. In order to qualify for this,you will need to adhere to stricter rules and regulations. Permanent Australian visas are viewed as investment visas and for this reason,you will be required to demonstrate that you possess assets of a predetermined value. This value will vary according to which area of Australia you wish to retire. However,a general rule of thumb is as follows:

  • High Growth Region:$750,0 worth of assets and an additional $500,0 for any dependent (spouse).
  • Low Growth Region:$500,0 worth of assets and an additional $250,0 for any dependent (spouse).

You will be required to demonstrate that you have owned these assets for a minimum of two years prior to applying for a permanent Australian visa.

Australian Investor Visas

Retirement visas for Australia
Haskew Law retirement visas

Name:Retire in Australia

Description:In exchange for a small investment Australia provides a fantastic place to retire. Key benefits includes the fact there are no death duties,making your estate 100% tax free. There are several qualifying criteria and while these visas are available now they will soon change as Australia firm up their borders and reduce the options to emigrate over the coming months.

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