There has been an agreement to take note of in the area of pension claims in Australia. The recent agreement between Estonia and Australia means that people can claim pension from both countries. The agreement also states that people working temporarily in either Estonia or Australia will be exempted from paying for superannuation and pension schemes in both countries. In fact paying in one country will ensure benefit in both the countries as per the new agreement.
This is an addition to the already existing International Social Security Agreements Australia has. Now a very pertinent question crops up. Who are the beneficiaries of this agreement between Estonia and Australia? It is quite simple. The agreement is going to help people who have lived and worked in Australia and also the country covered under the agreement. In the recent addition it is Estonia. Both the countries will provide cover to the person under their social insurance schemes. It includes various kinds of pension schemes like age pension, Disability support, double orphan and parenting.
The agreement helps people in many ways by allowing them claims in either Australia or the countries covered under the agreement. The claims will add up instead of being individual payments. For example if you have lived in Estonia for 10 years and worked there and are now living in Australia for the past 15 years, you are ensured the claim for full 25 years. It also ensures that no payment restrictions for carers are put into practice. The Australian government has made claiming pension easy even if you are residing in a foreign country. That is why we love the Kangaroos!