20 Apr 2009

Retirement warning issued

3:03 pm on 20 April 2009

A Wellington solicitor is warning people intending to retire in Australia that they may not be eligible for Government superannuation.

The John Dean Law Office recently represented a New Zealand woman living in Australia who was denied a pension.

Solicitor John Dean says that was because in Australia, unlike in New Zealand, people are means tested for their pension.

Despite a reciprocal agreement between both countries being signed in 2001, he says a loophole remains in the arrangement.

Mr Dean says Australians wanting to retire in New Zealand are not means tested here.

He says the Government needs to seriously consider the trans-Tasman arrangement.