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The pros and cons of retiring overseas with your pension
One expert says it's understandable older Australians are considering moving overseas, but they should "go into it with open eyes". (Supplied: Unsplash/Carlos Torres)
Ray Merlehan and his wife are thinking about moving to Malaysia, Spain or Greece when they retire.
Financially, it may be a better option for the couple than staying in Australia.
The 64-year-old said he would need to keep working until he was 70.
He has a modest superannuation balance, which he will use to pay off his mortgage.
Each country will have its own visa requirements and rules around how long you can stay without residency. (ABC News: Patrick Williams)
'I didn't have a life': Pensioner moves to Thailand for cheaper living
Pensioner Peter Stevenson says his monthly rental bill has dropped from $1,120 to $400. (Supplied)
Peter Stevenson says moving to Thailand has allowed him to live more comfortably on his Australian Age Pension after struggling to cover rent and essentials in regional Victoria.
Advocates say rising rents are pushing older Australians in the private rental market into poverty and that Commonwealth Rent Assistance is not keeping pace.
There are calls for Rent Assistance to be indexed to changes in rents for the cheapest 25 per cent of homes in capital cities but the federal government argues it has already made big increases in the payment.
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