405 retirement visa
Oct 9th 2009, 3:55 pm
#1
Just Joined
Thread Starter
Joined: Oct 2009
Posts: 24
405 retirement visa
Hello all
First post ever here so be gentle !
I've been planning to move to Oz from next March for some years on a 405 visa.
Firstly I've read that NSW is not offering state sponsorship under this category at the moment.....anyone know if this is true....and if so can I invest in another state government and still reside in NSW?
Secondly...I am really struggling now to get the required lump sum together as the exchange rate has dropped so much ( $1.76 today !!).....I have budgeted for a rate between $2.00 and $2.30 (seen as high as $2.82 over the last few years) and was wondering how many would be applicants plans have been completely stuffed by this horrendous rate ?
All comments gratefully received.
First post ever here so be gentle !
I've been planning to move to Oz from next March for some years on a 405 visa.
Firstly I've read that NSW is not offering state sponsorship under this category at the moment.....anyone know if this is true....and if so can I invest in another state government and still reside in NSW?
Secondly...I am really struggling now to get the required lump sum together as the exchange rate has dropped so much ( $1.76 today !!).....I have budgeted for a rate between $2.00 and $2.30 (seen as high as $2.82 over the last few years) and was wondering how many would be applicants plans have been completely stuffed by this horrendous rate ?
All comments gratefully received.
Oct 9th 2009, 4:55 pm
#2
BE Forum Addict
Joined: Oct 2006
Location: Nowhere - I'm a travelling (wo)man!
Posts: 2,362
Re: 405 retirement visa
Welcome to BritishExpats 
I do hope the 59 in your user name doesn't indicate you were born in 1959 given that you need to be 55 to qualify for a 405 visa....
I don't really know much about these visas, they were an alternative for us if we didn't get PR which we did, but there is no indication that NSW aren't supporting them on their website here. Also the New South Wales Treasury has investment information here so it doesn't look at though there is a problem at the moment.
Good luck. There are loads of people who are adversely affected by the strength of the dollar and I'm sure some of them must be potential 405ers.
I do hope the 59 in your user name doesn't indicate you were born in 1959 given that you need to be 55 to qualify for a 405 visa....
I don't really know much about these visas, they were an alternative for us if we didn't get PR which we did, but there is no indication that NSW aren't supporting them on their website here. Also the New South Wales Treasury has investment information here so it doesn't look at though there is a problem at the moment.
Good luck. There are loads of people who are adversely affected by the strength of the dollar and I'm sure some of them must be potential 405ers.
Last edited by louie; Oct 9th 2009 at 4:59 pm. Reason: Added something
Oct 9th 2009, 5:27 pm
#3
Just Joined
Thread Starter
Joined: Oct 2009
Posts: 24
Re: 405 retirement visa
Welcome to BritishExpats
I do hope the 59 in your user name doesn't indicate you were born in 1959 given that you need to be 55 to qualify for a 405 visa....
I don't really know much about these visas, they were an alternative for us if we didn't get PR which we did, but there is no indication that NSW aren't supporting them on their website here. Also the New South Wales Treasury has investment information here so it doesn't look at though there is a problem at the moment.
Good luck. There are loads of people who are adversely affected by the strength of the dollar and I'm sure some of them must be potential 405ers.
I do hope the 59 in your user name doesn't indicate you were born in 1959 given that you need to be 55 to qualify for a 405 visa....
I don't really know much about these visas, they were an alternative for us if we didn't get PR which we did, but there is no indication that NSW aren't supporting them on their website here. Also the New South Wales Treasury has investment information here so it doesn't look at though there is a problem at the moment.
Good luck. There are loads of people who are adversely affected by the strength of the dollar and I'm sure some of them must be potential 405ers.
Very fast response with valuable links...it would appear that there are no restrictions after all then.....other than getting hold of the not insignificant amount of money required......you sound one of the fortunate ones to get PR..lucky you....but as you say I'm guessing there are lots of British would be emigrants feeling very depressed at the moment.
I can't see the pound strengthening against the dollar now until UK interest rates start rising and the gap between Oz rates and here closes significantly....and that could be a long long way off.....time to find an Aussie wife I think !!
Oct 10th 2009, 7:03 am
#4
The Brains
Joined: Oct 2005
Location: Dubai / Hervey Bay
Posts: 886
Re: 405 retirement visa
You might like to pose your questions on the following site were some 405 visa holders often lurk. It is primerially for 410 visa holders but some holders of 405 visas are very often online.
http://groups.yahoo.com/group/BERIA/
Regards,
Gillian
http://groups.yahoo.com/group/BERIA/
Regards,
Gillian
Oct 10th 2009, 12:46 pm
#5
Just Joined
Thread Starter
Joined: Oct 2009
Posts: 24
Re: 405 retirement visa
You might like to pose your questions on the following site were some 405 visa holders often lurk. It is primerially for 410 visa holders but some holders of 405 visas are very often online.
http://groups.yahoo.com/group/BERIA/
Regards,
Gillian
http://groups.yahoo.com/group/BERIA/
Regards,
Gillian
Oct 11th 2009, 5:17 am
#6
Crazy Cat Lady
Joined: Apr 2004
Posts: 65,493
Re: 405 retirement visa
I've moved you to the Immi Forum as the experts come here.
