What Australian immigrants need to know about the pension system

Among many overseas countries, Australia stands out because of its unique living environment, perfect medical resources and welfare system for benefiting the people, especially high-quality pension benefits, which makes emigration to Australia the goal of many people's pension life.

Pension in Australia is in the form of three pillars. The first pillar is the basic pension, which depends on the results of family surveys. The funds mainly come from the general tax of the state. The second pillar is the mandatory "super annuity protection" system, which is funded by employers. The third pillar is the supplementary "super annuity" and other forms of retirement savings that employees voluntarily participate in. At present, Australia's pension regulations stipulate that all Australian residents over the age of 65, including immigrants to Australia, regardless of gender, can receive the minimum pension issued by the government as long as they pass the means test.

So what are the conditions for receiving a pension after immigrating to Australia? First of all, if you want to receive a government pension, you need to meet the conditions of reaching the age of 65, but your age will gradually increase and will increase to 67 in 2023. Secondly, continuous or cumulative residence in Australia 10 years. Finally, the income and assets of the applicant are below a certain limit. This is the condition for receiving a pension, and there are also conditions for receiving a retirement provident fund, which is very different. The age of receiving retirement provident fund is 55-65 years old, and you can receive retirement provident fund whether you retire or not.

Further reading: bonus points for skilled immigrants in Australia

First, the age points.

It is very important to add points to your age. Although the application age required by the Immigration Bureau is under 45 years old, it is difficult to follow the path of Australian skilled immigrants over 40 years old, and it is difficult to follow the path of Australian skilled immigrants over 39 years old. The score of 25 -32 years old, 18-24 years old, is not dominant. For domestic applicants, although the age score of 33-39 is only 25 points, it can still be supplemented by work experience.

The bonus of age is calculated according to the age when EOI is invited, and the score will be automatically updated by the system. If you were 24 years old when you submitted it, but you were never invited, you will be congratulated after your 25th birthday, because your age score has risen to 30.

Second, English plus points

For most applicants, language scores are the key to grading, especially for popular majors. Ya thinks four eighties and twenties can be invited as soon as possible, so fighting for seven eighties is the key to skilled migration. Of course, there are also many friends who get extra points in PTE. IELTS four 7, PTE four 65 can contribute 65,438+00 to immigrants, and IELTS four 8 or PTE four 79 can be added to 20, because the scores are valid. Although IELTS scores and other forms indicate that they are valid for two years, the validity period stipulated by the Australian Immigration Bureau is three years, so you can arrange your time to learn English with extra points reasonably.

Third, work experience plus points

For domestic applicants, it takes three years of work experience to get extra points, while Australian applicants can get extra points in one year. However, the key to extra points is that it must be highly related to the nominated major, and not just any work experience can add points.

Key points of two-year study in Australia.

About two-year full-time study, it means that the course has been registered for at least 92 weeks. If the school COE says 1.5 years, it is useless to extend the course, which needs to be calculated according to the registration duration of the course.