For many Australians, the idea of retiring overseas is more than just a lifestyle dream — it’s a practical plan. Whether driven by family ties, better weather, or a more affordable cost of living, an increasing number of retirees are exploring life beyond Australia.
But taking your Age Pension with you isn’t as simple as booking a one-way flight. Centrelink has strict portability rules that can significantly impact what you’re paid, when you’re paid, and how long those payments continue. Planning ahead – with a full understanding of income tests, asset rules, and international agreements – can help make that dream retirement a sustainable reality.
Popular destinations
Australians choose to retire overseas for a range of reasons, and a few locations consistently stand out:
New Zealand
Just across the Tasman, New Zealand appeals for its cultural similarities, proximity and ease of travel. It’s a natural choice for many Australians with family connections or prior work history there.
Tip: If you’ve lived or worked in both Australia and New Zealand, the time spent in each may have already helped you qualify for the Age Pension.
Southeast Asia
Countries like Thailand, Malaysia, Vietnam, and Indonesia (particularly Bali) are favoured for their warm climates and low cost of living. Many Australians find their retirement savings go further here, especially in areas such as healthcare and accommodation.
Southern Europe
Italy, Portugal, and Spain continue to attract Australian retirees seeking a Mediterranean lifestyle, good healthcare systems, and accessible retirement visas. While these countries are not as close to home, they offer thriving expat communities and a slower pace of life.
Wherever you choose, it’s essential to consider the local visa rules, tax systems, and support services – and how Centrelink’s portability rules will apply to your specific situation.
