If you live or intend to live in Australia, you can receive a benefit or pension from New Zealand and Australia. If you have chosen the Special Banking option, the tax is already paid before receiving your payment. However, you may have to pay taxes on any Australian benefits or pensions you have received before opting for the Special Banking option. If you are applying for an Australian benefit or pension in Australia, you will need: under these agreements, Australia assimilates periods of social security/stay in these countries to Australian periods of stay in order to meet the minimum entitlement periods for Australian pensions. Typically, other countries count periods of work stay in Australia as social security periods to fulfill their minimum payment periods. If your partner receives NZ Super or Veteran`s Pension themselves, your Australian benefit or pension has no influence on this. If your partner receives a pension abroad but does not receive a New Zealand benefit, his or her pension abroad has no impact on the New Zealand superannuation or veteran pension of his or her partners. Once your applications are processed, you may receive benefits or pensions consisting of payments from New Zealand and Australia, for example.B. what you receive may consist of a New Zealand superannuation and an Australian retirement pension. If this happens, the total amount you will receive will be similar to the amount you would have received if you had spent your entire life in Australia.
This document applies only to benefits and pensions covered by the Agreement. Senior Services International helps you get the right amount of benefits in New Zealand or pension, whether you live in New Zealand or abroad. Your life payment (health condition, injury, disability or totally blind) is suspended after 4 weeks after your departure from New Zealand. You will no longer receive payments until it is decided that you will qualify for the Australian pension. Note on the Special Banking option: If you will be receiving a pension abroad and have used the Special Banking option in New Zealand, this account will be closed when your payment request is processed in Australia. One. If your Australian pension is paid through the direct payment method, you receive your entire Australian benefit or annuity, but no New Zealand benefit or pension. Senior Services International treats your Australian pension application as a New Zealand benefit application. In other words, if you apply for the Australian pension within the first week of your arrival in Australia, the changes to your New Zealand benefit will take place from the first week. The time you have spent in New Zealand (between the age of 20 and 65) is one of the residency requirements for Australian benefits and pensions covered by the agreement.
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