Why are thousands of Australians leaving the country to retire in Southeast Asia? In this video, I break down exactly why more Aussies are choosing to retire in Thailand, Bali, Vietnam, Malaysia, and the Philippines, and how much money you actually need to make it work.
We’re talking real monthly budgets, visa requirements, Age Pension portability rules, superannuation access overseas, healthcare insurance, and the hidden risks nobody warns you about.
Timestamps:
0:00 Why Australians are leaving to retire overseas
0:46 The cost of living crisis hitting Aussie retirees
1:41 Can you receive the Age Pension overseas?
2:12 Retiring in Thailand
3:18 Retiring in Bali, Indonesia
3:57 Malaysia, Vietnam, and the Philippines
5:39 How much money do you actually need?
6:50 Superannuation access when living overseas
7:28 Healthcare and insurance in Southeast Asia
8:31 How to test retirement in Asia before committing
Legal Disclaimer:
The content presented in this video is for general informational and educational purposes only. It does not constitute financial advice, tax advice, legal advice, or any form of personal recommendation. All figures, pension rates, visa requirements, cost of living estimates, and superannuation references in this video are based on publicly available information at the time of recording and may change without notice. Always consult a licensed financial adviser, tax professional, or legal expert before making any decisions about retirement, relocation, investments, superannuation withdrawals, or pension entitlements. Aussie Finance With Luke is not responsible for any actions taken based on the information in this video.
💬 Creator’s Note:
Each video on this channel takes a lot of time to write, narrate, and animate with care.
Yes, I use AI tools to help with voiceovers and visuals, but every message, script, and idea is crafted with intention and love, so you can understand money clearly and feel empowered to change your life.
Thank you for being part of this project. 💛
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I maybe asking a novice question, but why do you mention rent? Does it mean most retired people dont have their own house or, by rent, are you referring to aged care fees?
Yeah go to Asia to get dry out by young girls until you get nothing… Many people living already all around hot Asian countries already are begin in the streets
Mate I don’t think you can live in Thailand with the age pension, to retire in Thailand you need proof of income of 65000 bath a month that’s 2794 OZ dollars. Australian pension is 2200 months without adding on health insurance and the other hiding extras ,Thailand today is not Thailand of 1980 .
I would need at least double that to allow for companionship 😉
you worked your whole life get to 61 and have to pay rent… now i do se the problem. maybe if you bought a house, you could have paid it off by now
Great advice mate for 1st time interest in Asia. I live in Northern China with my Chinese/Aussie wife & two Cairns born Tin Lids. We will be here another three yrs & then return to Cairns for their high school. I’m not even contemplating an Aussie retirement. Sorry to say as a former Australian Soldier our country is politically stuffed. Asia is by far a better lifestyle. Met a few Aussies in Borneo/Sarawak, & in Da Nang, met a few who came to Da Nang from Cambodia on my recent trip to Vietnam. They all love being abroad & knowing their $$ will sustain them longer than at home in Aus.
Wrong:
If you stay outside Australia you can not have Age Pension. Age pension is tied with Residency clause.
I am noticing a lot of pensioners are relocating to south east Asia to live on the age pension. Especially here in Sydney
As a Thai living in AU, the cost of living is much cheaper in TH comparing to here. But unfortunately, the official language in Thailand is still Thai, and no one in the banks, government officers, or court will talk to you in English. Hence, to live permanently in TH without knowing the language and honest locals is difficult. The system that the society and economy runs are very different from AU, even me myself felt it difficult to stay somewhere in Thailand that im not familiar with.
I am collecting a PSS defined benefit superannuation pension. I am told that if I was to move overseas (Thailand) and declare myself as a non resident of Australia for tax purposes, I would be taxed at 30 cents in every dollar from dollar 1.
Change the title to “bogans retire in Asia”
Umm Chang Mai in Thailand was an unbearably hot and congested/polluted city. That was over 10 years ago. It must be a hell scape with humidity now with further climate change. It was also boring for any avrerage aussie. Yes food is cheap. I suspect housing as well.
So the boomers destroyed Australia and then they abandoned Australia. Nice one
How much would I need to retire in Finland?
It’s like going in circles, now the locals are going to complain that they can get rental, can’t buy property because foreigners are moving in paying higher prices making it out of reach for locals .
its great to know people love to retire in our country too!
Exactly where I’ll be going
❤❤❤ Bro. Im 38 from vic, and my partners from penang….. 😂😂😂
Im retiring before 45😂😂😂😂
If you reach retirement and don’t own a house you’re fkd
I'm planning to come back and retire in Davao Philippines. My 2000 aud will go a long way.
talk crap about immigration then they add immigration themselves lol
You can't claim and aged pension while living overseas longterm. You can't claim any government benefits while living overseas longterm.
I’m under 30 and already want to retire lol, sydney is too expensive and just exhausting. I make 150k aud annually and just barely keeping ends meet.
Can you do one for European countries?