Retire Overseas on the Age Pension? What You Actually Keep

Your Age Pension will follow you to almost any country in the world - there's no time limit. But from week six overseas, things start coming off it, and after 26 weeks your payment depends on how long you lived in Australia. For some people, it arrives at half the size. TIMESTAMPS 0:00 Your Age Pension overseas - and half the size 0:38 No time limit (and the payments that have one) 1:05 The calendar - four dates 1:23 Week 6 - Energy Supplement and concession card 1:41 Week 12 - the new Pension Supplement rule 2:26 What you keep - $1,135.40 2:44 Week 26 - how long you lived here 3:31 Marco - 17 years, $554.18 4:39 Rent Assistance and extensions 5:01 The whole calendar (screenshot this) 5:31 Couples living apart 6:17 Section 24 - paid as a single 7:36 Month 12 - the house you leave behind 8:26 Year 2 - returning residents 9:13 Recap WHAT'S IN THIS ONE (rates from 20 September 2026) - The maximum single rate: $1,237.70 a fortnight in Australia, and $1,135.40 - the most you can be paid living overseas - Why the Age Pension is different: no time limit, while DSP is generally 4 weeks in a year, Carer Payment is 6 weeks per trip, and JobSeeker is generally none for a holiday - Week 6: the Energy Supplement stops, and your Pensioner Concession Card is canceled (a Commonwealth Seniors Health Card lasts 19 weeks) - Week 12: the new rule since 20 September 2026 - the full Pension Supplement for 12 weeks, then it stops completely. Move overseas permanently, and it stops the day you leave - Week 26: the proportional rate - your months of Australian residence between 16 and Age Pension age, plus one, divided by 420. 35 years, and your rate carries on - Marco: 17 years of residence, $554.18 a fortnight after 26 weeks - Rent Assistance, and when the 26 weeks can be extended - Couples: living in different countries doesn't end a couple for Centrelink - and section 24 of the Social Security Act, which can treat a member of a couple as single for a special reason - Month 12: the house you leave behind - and why it can count as an asset straight away if you've moved for good - Year 2: former residents who come back and claim IMPORTANT - MARCO'S FIGURES ASSUME he's single, would otherwise get the full rate, and is retiring to a country with NO social security agreement with Australia. Agreement countries can count residence differently, and the proportional rate applies to your income- and assets-tested rate. If your partner is on DSP or Carer Payment, their overseas rules are much shorter - check theirs separately. GENERAL ADVICE DISCLAIMER This video is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal financial advice. Overseas rules depend on your circumstances and on any social security agreement with the country you go to - check your own position with Services Australia before you travel or move, and speak with a licensed financial adviser before acting. A note on how this is made: Every script starts with real research and is checked against current ATO and Services Australia figures - that part isn't automated. AI tools produce the narration and visuals. I write, verify, and stand behind every word. Thanks for being here. #AussieWealth #Superannuation #RetirementAustralia #AgePension #RetireOverseas #Centrelink #PensionSupplement #retirementplanningtips