How to deal with domestic social security when immigrating to Australia

In recent years, more and more people choose to immigrate to China, but they still retain their Australian citizenship and identity. Australian and China immigrants have learned that many of them have paid social security and provident fund in China for many years. So, do these people need to pay social security after they settle in Australia? What's the procedure for turning yourself in? How to cancel the provident fund account? Don't panic, I'll answer you one by one! 1. If the domestic payment is less than 15, do I need to surrender my insurance when I move to Australia?

For example, a person who has worked in China for 12 years and paid social security for 12 years is now ready to settle in Australia. How should social security be handled?

According to the relevant regulations, if the insured person leaves the country to settle down before retirement, the amount stored in his personal account will be returned to the insured person, and the pension insurance relationship will be terminated. However, it is also possible not to surrender.

In this case, it is best not to surrender.

Some people consider coming back to work in China after going abroad, so that they can receive pensions after the accumulated social security contributions reach 15 years. Once they surrender, the payment period will be re-accumulated.

In other words, if this person goes back to live and work in China, it will be 15 years for another three years, and he can receive a pension when he reaches retirement age. However, if he surrenders, he will have to pay 15 years after returning home.

Therefore, we suggest that people who pay social security for a long time should not surrender their insurance immediately if they are not in urgent need of money after emigration.

2. Can I go through the retirement formalities when I move to Australia after paying the domestic expenses 15 years?

According to the current policy, after the social security payment reaches 15 years, you can apply for retirement and receive a pension. At retirement age, even with Australian residency, you can still apply for retirement and receive a pension in China.

Moreover, living abroad, it is not difficult to receive a domestic pension, and there is no need to return to China to receive it.

It is reported that after retirement, when retirees are abroad, social security agencies can send their monthly pensions to the insured, and annual pension qualification certification can also be conducted at the local embassy in China, and then sent back to China.

3. What should I do if I really want to surrender?

1. Medical insurance cancelled

That is, take out the money in the medical insurance at one time.

In addition to the original and photocopy of the passport of the country of immigration, the original and photocopy of the certificate of cancellation of household registration, there must also be a certificate of termination of the contract by the original unit.

If not, you have to take the basic medical insurance reduction personnel roster to the medical insurance center, and go through the relevant procedures with the original certificate to prove that you have terminated the contract with the original unit.

2. Print personal account payment details

Take the original and photocopy of the passport of the immigrant country, the original and photocopy of the cancellation certificate, the photocopy of the ID card, and the employee pension manual, and print the details of personal account payment at the pension insurance center.

3. Issue special receipts for social security funds.

Go to the personnel department of the original unit, ask the person in charge of endowment insurance to open a special receipt for social security fund and affix the official seal of the unit, and then go to the endowment insurance center for review with all the materials.

Get the money

The endowment insurance center will transfer the money in your account to the original unit account at one time, and then you will go to the original unit to collect the money.

Account cancellation of provident fund

When canceling the account, in addition to the provident fund card, you should also bring the original and photocopy of the passport of the country of immigration, the original and photocopy of the certificate of cancellation of the account, and the photocopy of the ID card or China passport. After the final approval of the provident fund management center, they will cancel the account and take out all the provident fund in the account.

It is worth noting that when surrendering, only the provident fund can be returned to the individual in full, and the pension can only be returned to the individual.