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Rip-off plan (2)


Pay & stay visa

The Temporary Retirement Category is an extension of the Visitor Visa designed for those who wish to stay in New Zealand longer than the 12-month period the current Visitor Visa allows. Pensioners with no children in New Zealand who apply for this visa will be issued with a two-year multiple-entry Visitor Visa.
 
This is only a temporary visa, i.e. at the end of the two-year period they must leave New Zealand or re-apply for a further visa under this category; this will be granted if they continue to meet the requirements of this visa. Of course, another processing fee of NZ$ 2,600 applies, but this is peanuts compared to the funds these people must have anyway.

To be allowed to stay in New Zealand for two years applicants must:
  • be aged 66 or over; and
  • be able to nominate funds and/or assets amounting to NZ$ 0.75 million and invest that money in New Zealand for a period of two years; and
  • be able to provide evidence that they own the funds and/or assets and that they have been legally earned or acquired; and
  • be able to transfer and invest said money in an acceptable investment in New Zealand; and
  • be able to nominate funds of NZ$ 0.5 million of maintenance funds and demonstrate ownership of these funds; and
  • have an annual income of at least NZ$ 60,000.
In this category, the applicant is allowed to include only his/her partner. Both must also meet the health and character requirements and have health insurance.
 
A lot of money for an eternally temporary status 
 
This new visa category comes as no surprise as National had announced a new retirement visa before they were elected, promising it would be designed in such a way that this new set of long-term visitors would not be a drain on the health or welfare system.
 
Like the new Parent Retirement Category it doesn’t look like there are many wealthy pensioners or pensioners who would find it attractive to uproot their lives in return for only a temporary visa. It rather reads like a stillborn idea, but one that shows the greed for money behind the concept.  
 
To be fair, there is also one positive thing to be noted about this new visa category. As the number of these temporary visas is not capped, there is no preferential treatment. So at least no „regular“ pensioner parent and their settled children, i.e. residents or citizens who have made a contribution to New Zealand (read: worked and paid taxes) and have earned a right to bring their families to New Zealand, are unfairly bypassed in the process.
 

Fantails are not indigenous to New Zealand - but they have come to stay and are now much loved residents of New Zealand.
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