Hello Geraint and thank you for your insightful observations.
What do you mean by your comment about "those who have been advised that
the old targets do not have to be proven, i.e. pre-existing 410's must
now show capability of ability to support ones life in Australia."
Applicants have been required to demonstrate that they satisfy the 410
visas financial requirements ever since they were introduced ...
Best wishes for a Happy Xmas.
Originally posted by gld
> Earlier this week we heard some very important news for retirees that
> the rates for the 410 Retirement Visa have been increased quite
> considerably - some hasty re-thinks may be necessary and some visa
> applications need to be lodged pronto - I hasten to add that these
> figures are not confirmed but my source was impeccable. Lodging may
> need to be done by close of play 2003.
> As of January 1, 2004.
> Without settled children
> Assets of A$870,000
> or Assets of A$350,000 and A$52,000 per annum of income
> With settled children
> Assets of A$800,000
> or Assets of A$315,000 and A$50,000.
> Our opinion is that this shows clear intent of DIMIA to move this visa
> forward. A new Visa for Retirees is due out 01/11/04, we are now
> advised.
> Financials and Health Insurance appear to have caused Australia
> concern for a while. These financial changes provide a clear signal
> to those who have been advised that the old targets do not have to be
> proven, i.e. pre-existing 410's must now show capability of ability to
> support ones life in Australia. Indeed they need to take heed of the
> changes and ensure that they prepare for their new lives with healthy
> planning in line with the vagaries of the Australian financial system,
> i.e. Brits who have planned a pre-departure tax minimised income in
> Australia will surely benefit.
www.miplc.co.uk[/url] and ]www.migrateabroad.co.uk