GBP-AUD FX rate for UK Pension to Australia

How Much is a UK Pension worth in Australia?

Most UK Aged pension recipients in Australia will get their UK pension paid direct into their Australian bank account, in Australian dollars. This page shows the GBP-AUD Exchange Rates History since… Read the rest


Australian Aged Pension Eligibility – Income

Income Requirement to be eligible for the Australian Aged Pension.

Services Australia (Centrelink) have income limit requirements, for someone to be eligible for the Australian Aged pension. It is called the “Income test for pensions“. Centrelink assess your and your… Read the rest


Australian Aged Pension Eligibility – Residence

Residence Requirement to be eligible for the Australian Aged Pension.

Services Australia (Centrelink) state the following rules for the Residency Requirement, to be eligible for the Australian Aged pension. To get Age Pension you generally need to have been an… Read the rest


Australian Aged Pension Rates March 2021

The Australian Aged Pension from March 2021.

The Australian Aged Pension is revised in March and September (normally) each year, and the March 2021 new Pension Rates have been released. This pension is paid Fortnightly. The Age Pension recipients will… Read the rest


Age Pension: Will a UK Pension affect my Australian Centrelink payment

Will a UK Pension affect my Australian Centrelink payment?

The short answer is maybe. Foreign pensions received by a person paid an autonomous age pension, are normally assessed under the ordinary income test – i.e. they reduce pension by 50… Read the rest


Australian Aged Pension Rates 2017

Australian Aged Pension Rates 2017

An Australian Citizen or Permanent Resident may be eligible for the Welfare Based Aged Pension if: They are at least 65 years and 6 months old (New rules from 1st July 2017) under the income… Read the rest

Australian Aged Pension Rates 2017

An Australian Citizen or Permanent Resident may be eligible for the Welfare Based Aged Pension if: They are at least 65 years and 6 months old (New rules from 1st July 2017) under the income… Read the rest


UK Aged Pension: 60% Part Pension for Spouse

Can you get an extra 60% British Aged Pension for your Wife

In the Australian News today. 28th July 2017, is an article saying: “there’s a little-known opportunity to get a 60 per cent part pension for your spouse too… Read the rest


25% Tax Penalty on Some QROPS Pension Transfers

HMRC Introduces 25% Tax Charge On Some QROPS Transfers

Written by Anthony Blythe of Transfer My UK Pension The Chancellor of the Exchequer used his Spring Budget to announce that, with effect from 9th March 2017, pension transfers by UK… Read the rest


Australian Aged Pension Rates 2016

Australian Aged Pension Rates 2016

The Australian Aged Pension was increased in March 2016, and the new FORTNIGHTLY  rates are now: Australian SINGLE PERSON Pension $794.80 Base Pension $ 65.00 Supplement $ 14.10 Clean Energy Supplement $873.90 Total COUPLE (each)… Read the rest

Australian Aged Pension Rates 2016

The Australian Aged Pension was increased in March 2016, and the new FORTNIGHTLY  rates are now: Australian SINGLE PERSON Pension $794.80 Base Pension $ 65.00 Supplement $ 14.10 Clean Energy Supplement $873.90 Total COUPLE (each)… Read the rest


British Expat Pensioners in Australia returning to UK

Rise in British Expat Pensioners in Australia returning to UK

A news story about British Expat pensioners in Australia having to return home to the UK because they can’t afford health care is in a Telegraph news article. The article… Read the rest


UK Chancellor cuts Pension benefits for Brits abroad

Anyone who is out of Britain for more than a month will lose their pension credit.

Anyone who leaves Britain for more than a month will lose their pension credit, in a blow for retirees who spent time overseas The… Read the rest


Retirement Pension

Retirement Pension Income in Australia

The Australian Retirement pension consists of two possible parts: The Government Aged Pension Benefit, paid by Centrelink (the welfare system). The compulsory Employer Paid Super scheme. The British Retirement pension consists of two possible parts:… Read the rest


Australian Superannuation Co-contribution scheme

Australian Superannuation Co-contribution scheme

The super co-contribution scheme is designed to assist eligible individuals to save for their retirement. If you are eligible and make personal super contributions during a financial year, the government will match your contribution with a… Read the rest


Australian Compulsory Superannuation Rates from 2014

Australian Compulsory Superannuation Rates from 2014

The minimum Superannuation contribution from your Employer rose to 9.50% from July 2014. The majority of Workers in Australia, have had individual Superannuation schemes since 1992 when the Compulsory Superannuation Scheme was first set… Read the rest

Australian Compulsory Superannuation Rates from 2014

The minimum Superannuation contribution from your Employer rose to 9.50% from July 2014. The majority of Workers in Australia, have had individual Superannuation schemes since 1992 when the Compulsory Superannuation Scheme was first set… Read the rest


Claiming Australian Superannuation back when leaving Australia

When leaving Australia for good, you may wish to claim as much of any Australian Super as you can. This can be reclaimed in some circumstances before you reach retirement age. australia.gov.au/service/superannuation-departing-australia If you are a former temporary resident, you… Read the rest