Not just known as its beautiful landscape, Australia is also renowned with its excellent social security system across the globe. By becoming an Australian permanent resident and Australian citizen, you will be gradually entitled to the following governmental benefits:
Medicare is a publicly funded universal health care scheme in Australia. Operated by the government authority Medicare Australia, Medicare is the primary funder of health care in Australia, funding primary health care for Australian citizens and permanent residents.
Residents are entitled to subsidised treatment from general medical practitioners, eligible midwives, nurse practitioners and allied health professionals who have been issued a Medicare provider number, and can also obtain free treatment in public hospitals.
Superannuation in Australia refers to the arrangements people make in Australia to accrue funds to replace their income in retirement. Superannuation in Australia is government-supported and encouraged, and minimum provisions are compulsory for employees.
Employers are required to pay a proportion on top of an employee’s salaries and wages (9.5% as of 1 July 2014) into a superannuation fund, however people are encouraged to further supplement their superannuation. From 1 January 2014, employers are required to pay default contributions to an authorised MySuper product.
An individual can withdraw funds out of a superannuation fund, while the eligible age of withdrawal for male is 65 and female is 60.
- Family Tax Benefit
Family Tax Benefit is a per-child payment made through the Department of Human Services to the people with at least 35 per cent of care for a child. Family Tax Benefit is income-tested on a family’s adjusted taxable income in the given financial year. Income support recipients are exempt from the income test and are entitled to the maximum rate of payment.
Family Tax Benefit Part A – it is paid for each child. The amount you get is based on your family’s individual circumstances.
Family Tax Benefit Part B – it gives extra help to single parents and families with one main income.
- Unemployment Benefit
Often referred to as “Newstart Allowance”, unemployment benefit is eligible to unemployed people aged 22 to 64. To be eligible, a person must apply for the benefit and be actively seeking work.
- Education Support
Australian government fully supports child education throughout from early-childhood, primary and secondary public institutions. Once reaching tertiary study, the government offers two major types of support, Commonwealth Supported Place (CSP) or FEE-HELP, to assist students financially to complete the education.
- Disability/Illness Support
Disability Support Pension provides financial support if you have a physical, intellectual or psychiatric condition that prevents you from working, or if you are permanently blind. Sickness Allowance is a short term payment if you are employed or self-employed, but temporarily cannot work or study because of a medical condition. In some cases full-time students can also get Sickness Allowance.
- Special Benefit
Exclusively to those in severe financial hardship, special benefit helps when the resident is in circumstances beyond your control and unable to earn enough income to support yourself and your dependents. The resident is also not able to receive any other income support payment due to the severe situation.
Australia social security system is a comprehensive yet protective system providing solid support to each and every eligible Australian resident. Above are just 7 of many other pensions that could be entitled to an Australian resident. Melbourne has been ranked by the Economist Intelligence Unit as the world’s most liveable city since 2011, proving yet again Australia is one of the best options for immigration purpose.
Should you wish to discuss your chance of getting an Australian residency, give us a call on +61 3 9078 6819 or email us on email@example.com to discuss your situation or visit our website on www.thinkvisa.com.au.