Migrating Pensioners

Share This

There is an interesting trend developing amongst retirees; they are increasingly on the move internationally, not only for holidays but to live overseas permanently or for extended periods. Better health and increased longevity for retirees are factors in this trend, as well as the desire to be close to children and grandchildren living overseas. This raises the issue of mobility of pensions, and it is a remarkably complex one. Your eligibility for a pension while overseas depends on how long you will be away and where you are going. There is generally no problem if you are intending to be away from New Zealand for six months or less, although it is a good idea to let Work and Income know you will be away. If you are planning on travelling for more than six months but with the intention of returning to New Zealand, you will need to make an application to receive your pension while you are away. If you have lived in New Zealand continuously between the ages of 20 and 65, you should receive the full amount of your pension and for lesser periods you will be paid a proportionate amount. For those intending to live overseas, arrangements will depend on where you are going. New Zealand has Social Security Agreements with several countries under which people moving between those countries are entitled to benefits and pensions. For example, if you go to Australia you will be able to receive New Zealand Superannuation for six months and during that time you will need to apply for an Australian Age Pension. This pension is income and asset tested and you may therefore receive less than the rate for NZ Superannuation. Because of the complexity, it pays to do your homework before you set off on your travels.

Ultimate Guide to Retirement Planning in New Zealand.

Planning your retirement isn’t just about saving money—it’s about designing a lifestyle you can thrive in. If you’re ready to take control of your future, explore our Ultimate Guide to Retirement Planning in New Zealand

This comprehensive resource offers expert insights, easy-to-use tools, and a proven step-by-step approach tailored specifically for Kiwis. Whether you’re years away from retiring or already there, it will help you build a personalised plan to live your retirement to the max. 

Related Articles

Investment
Liz Koh

Responsible Investing

There is a worldwide trend for investors to want to make a positive contribution to the world by investing in companies that are socially

Read More »
Get Rid of Debt
Liz Koh

Crunch Your Credit

A line of credit, or revolving credit, is a very useful facility to have as part of your mortgage structure. The way it works is

Read More »
Investment
Liz Koh

When Sharemarkets Fall

It’s easy to invest when markets are running smoothly but when they fall your confidence can be sorely tested. More uncertainty in investment markets means

Read More »

Free Retirement Tools

Take Your First Step With Our Free Tools

Retirement Savings Calculator

Find out how much you’ll need for the retirement you want and how to close the gap.

Retiree reading

Retirement Checklist

Tick off the essential steps to make sure you’re fully prepared, financially and personally.

retirees sitting together looking at a tablet on a couch

Money Personality Quiz

Discover how your money mindset influences your retirement decisions and what to do next.

Stay in the loop

Keep up to date with the latest developments from Enrich Retirement


Are you retirement ready?

Take the 22-Point Retirement Checklist and uncover the gaps in your retirement plan!

✅ Do you know how much money you’ll need each year?
✅ Have you planned how you’ll spend your time in retirement?
✅ Are your insurance, will, and estate in order?
✅ Do you have a plan for staying active, healthy, and socially connected?

This quick checklist will give you clarity on where you stand—and what’s next.

HELPING YOU LIVE YOUR RETIREMENT TO THE MAX​

Register to keep up to date with the latest developments from Enrich Retirement and receive a FREE eBook from Liz Koh

Liz Signature
Six Secrets of Successful Investing