RETIREMENT VISA
SUBCLASS 410
If
you are over 55 years of age and do not wish to
work in Australia you may apply for a Retirement
Visa. Your spouse may be included in the Visa regardless
of their age. No other dependents can be included
in a Retirement Visa.
A
Retirement Visa is a temporary visa valid for four
(4) years. After four (4) years, a Retirement Visa
may be rolled-over every two (2) years provided
you can still pass the means test.
To
qualify for a Retirement Visa, you must be in good
health, have no criminal record and you must pass
a means test. You will pass the means test if you
can prove that you have: -
(A) AUD650 000.00 - capital available
to transfer to Australia;
(B) AUD200 000.00, plus an annual
income of AUD45 000.00 (from Pension, investments,
etc) or
(C) AUD180 000.00, plus an annual
income of AUD42 000.00 if the Applicant is a parent
of an Australian citizen or PR.
Approximate Processing Time: 1 - 2 months
CERTIFIED COPIES OF PERSONAL DOCUMENTS REQUIRED:
- Passport of Applicant and dependent family members.
- Four (4) passport sized photographs.
-
Birth Certificate of Applicant and dependent
family members.
-
Marriage Certificate (if applicable).
-
National Identity Card or other form of Identification
Card required by your government (if applicable).
-
Divorce papers and/or Death Certificates of
previous spouses (if applicable).
EVIDENCE THAT YOU PASS THE MEANS TEST. YOU WILL NEED THINGS
SUCH AS: -
- Bank Statements;
- Title Deeds and Valuation;
- Authorised statements as to any pension or social
security benefit you receive, giving details
as to the amount of the benefit, when it is
paid, that it is payable for life and that it
is payable to you in Australia;
- Statement for your superannuation fund providing
details of your benefit such as amount, period
of benefit and when it is paid (on letterhead
paper and signed by an officer of the financial
institution)
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