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A Retirement Visa has always been mentioned/ discussed in Expat Forums.
This post is a bit long winded?.but I like long winded stuff ?

However , due to changes in technology & the fast rollout of Digital payment systems & Cashless Debit Cards you?ll find that a certain group of retirees will be caught up in these changes.

Australia at the moment already has a Cashless Debit Card for people receiving Govt pensions , unemployment benefits, family assistance etc?.which are mostly Tax payer funded Welfare payments.
80% of the funds go to the Card for Essential consumer staples , food, clothing , utilities, school fees etc?.and 20% goes to their bank as cash.

Main reason is certain regions, suburbs & localities with high levels of youth unemployment, domestic violence, child neglectÌý , burglary etc ?.usually are alcohol & drug related.Ìý ÌýSo , by limiting the payments available to essentials ?.police & welfare agencies have noticed an improvement.

Now , the gubberment want to rollout this programme across ALL forms of welfare payments.Ìý ÌýThey want to make sure Tax payers money is spent wisely .Ìý Good idea ya reckon.?

So?how does this affect an Overseas RetirementÌý Visa. ???

Well, those cards can only be used in Australia?..and the proposed rollout was planned for 2022.Ìý
Last week in Parliament, the opposition stated they?d oppose the idea?but the cards are already in use.Ìý Some punters think the %percentage ratio will change ,,maybe 65/35 cash ,,but you can be assured this will be the future.Ìý Ìý Ìý

There?s always been arguments about pensioners Living large in cheap Asian countries on Tax payers money.Ìý ÌýPretty soon, with demographics changing & an ageing population, they?ll be nearly as many on Pensions as there are working & paying Tax to support them.Ìý ÌýGovts don?t want that money spent outside the country.Ìý ÌýIn Australia , there?s MORE Greeks, Italians , pommies etc ?.that bring pension money INTO the country due to dual Social Security treaties ??it more than balances out the funds leaving.Ìý ÌýBUT?.when these Cards take over??it?s irrelevant.

A lot of retirees here , Thailand & BaliÌý basically on Govt Aged pensions.Ìý ÌýIt?ll be a hard slog on 20% of it.
Self funded retirees won?t be affected tho.
Ìý
A guy I know in the Industry fully expects this to be the future of welfare payments throughout most developed countries.Ìý Ìý Sounds a bit like Big Brother controlling how & where money is spent, but we are in changing times & digital payments are the future.Ìý

So maybe the Retirement Visa , if it ever comes will be useless to a lot of people , especially in SE Asia .

We live in a changing world now.Ìý Maybe it?s the Big Reset.


Remember Klaus Schwab?..the bald guy at the Davos Economic summit?nursing the white Cat.
He said??y?all have nothing?but you?ll be happy?.

PS?.sorry about all those question marks?.something wrong with this keyboard?..Maybe the guy with the White Cat is hacking my iPad. ?