Recent news reports that over-65s are better off living in New Zealand gained a lot of attention. And yes, in part, this is true. The freedom for older New Zealander to work as much as they like and not lose their pension is particularly appealing for many Australians confined by Centrelink rules to what seems like employment pocket money.
And then there’s the frequently repeated story of how retirees find it cheaper to just book end-to-end cruises rather than try to exist in Australia on an Age Pension. This one may be a bit less defensible! But what are the facts? Can retirees just up stakes and live a better life in another country? And if so, what are the traps? This question came to our attention this week when we received a call for help from Arthur.