Australia ranks third among the top 10 best-placed countries, according to the (Natixis Global Asset Management) Global Retirement Index. Australia is one of the first countries in the world to implement social welfare system, and it is also one of the best social welfare countries in the world. Most people emigrated to Australia after that.
But. If Australia's welfare stopped, would you still choose to come here?
From this year on, there have been new changes in claims for government benefits, and there will be more drastic reform plans in the near future. Many Chinese will be greatly affected. Today, we will sort out some of the new deal reforms that Chinese in Australia are more concerned about.
First, the Australian government's basic requirements for welfare recipients are Australian citizens, permanent residence visa holders or special visa holders.
As of July 1 this year, the basic requirements for pensioners in the latest pension Pension reform plan are:
1, aged at least 65 years and over six months
2. Review of meeting income and asset limits
3, a resident of Australia and usually more than 10 years old
The specific requirements for age are as follows:
The requirements for the length of residence of the claimant are:
He has lived in Australia for at least ten years, and no departure record has been recorded for five consecutive years.
There are, however, the following exceptions to this age requirement:
1. Refugees or ex-refugees may be exempted from the 10-year residence requirement.
(2) A person who is receiving a visa such as spouse's allowance or bereavement allowance may be converted directly into an old-age allowance without having to meet a certain length of residence.
(3) an elderly woman who has lost her husband and wife is exempt from the 10-year residence requirement if both spouses are Australian citizens or holders of permanent residence status, and only two years are required to apply.
The criteria for assessing the assets to be met by the applicant are:
The specific amounts of pensions available are:
However, Centrelink's latest proposal shows that, starting July 1, 2018, the minimum length of residence for applying for pension benefits will be extended from more than 10 years accumulated now to more than 15 consecutive years of residence. This will prevent more than 2000 new immigrants from receiving pensions or disability benefits in 2018. Pension benefits, which cost about $42 billion of the government's budget, are expected to save $ one hundred and eighteen million nine hundred and ninety nine thousand nine hundred and ninety nine over five years.
There are, however, two situations in which exemptions may be granted:
1, lived for 10 consecutive years, and worked in Australia for 5 years
2, has lived for 10 consecutive years and has not received any government subsidy for more than 5 years
Among them, humanitarian visa holders will not be affected.
Unemployment Allowance Newstart New deal changes
In order to be able to effectively promote the overall employment situation of Australians, The new reform proposal will begin on Sept. 20, 2018, and the new Mutual Obligation Requirements-- will require more people over the age of 30 to qualify for unemployment benefits between pensioners.
Deferred Retirement Age & Pension payments
A while ago, Australia's Tam Po Government recently officially announced that it would gradually raise the retirement age for Australians from July 1 this year. It is expected that the retirement age will be raised to 70 years by 2029. From July 1, 2017, the retirement age will be raised to 70 years. The old-age pension will be raised gradually, and Australian citizens and PR holders born after July 1, 1952, will have to wait until they reach the age of 65 plus six months to qualify for the old age pension.
The age will be increased by six months every two years until July 2023, when the retirement age will reach 67. After that, from 2025 to 2029, the retirement age will be raised semi-annually until it reaches 70. Employers' contributions to employees' pensions will rise to 12% in July 2019. But the government will save A $3.6 billion as a result of the rise in the retirement age.
All seven benefits have been cancelled under the scheme:
1. Termination of application for and payment of spousal allowance on 1 January 2022 (Partner Allowance).
2. Termination of application for sickness allowance on 20 March 2020 (Sickness Allowance), termination of payment on 20 September 2020.
3. Termination of application for wife benefit on 20 March 2020 (Wife Pension).
4. Termination of payment of category B widow's benefit on 20 March 2020 (Widow B Pension).
5. Termination of payment of widowhood allowance (Bereavement Allowance). On 20 March 2020
6. The termination of the application for the Old Age Widows' Allowance (commonly known as the Widows' Allowance, Sunset Widow Allowance), January 1, 2022) will be terminated on 1 January 2018.
7. Abolition of unemployment benefit (Newstart Allowance), on 20 March 2020 to a new benefit: job search allowance (JobSeekerPayment).
By then, these seven benefits will be merged, or can be converted to other types of government subsidies according to their own circumstances.
Specific information can be found on the government web site at https://www.humanservices.gov.au/corporate/budget/budget-2017-18/jobseekers/working-age-payments-reforms#a8
As the saying goes: old-age can not rely on the government, no matter where this is the same.
If you emigrated to Australia on welfare grounds, I'm sorry.
The Australian government is now cash-strapped and is likely to continue to cut social benefits.
If you want to spend the rest of your life in Australia, you have to rely on your hands to work hard and save more money while you are still able to work.
