Sunaad News
International Social Security Agreements Between Australia and Turkey: Everything You Need to Know
Social security is an important issue for people who travel, live, or work in different countries. It ensures that individuals who move between countries are protected and receive the benefits they are entitled to. Since it can be complicated for people to navigate the rules and regulations of different countries` social security systems, governments often establish International Social Security Agreements (ISSAs) to address the issue.
Australia and Turkey are two countries that have signed an ISSA to protect their citizens` social security rights. In this article, we will take a closer look at the Australia-Turkey ISSA and the benefits it offers.
What is an International Social Security Agreement?
An ISSA is a bilateral agreement that ensures that individuals who work or live in more than one country are not disadvantaged regarding their social security rights. The ISSA provides reassurance and protection to workers and their families, ensuring that they are entitled to benefits such as old-age and retirement pensions, disability benefits, and survivor benefits.
What are the benefits of the Australia-Turkey ISSA?
The Australia-Turkey ISSA offers many benefits to workers from both countries, including:
1. Access to social security benefits – The ISSA provides coverage for workers who have worked in both countries, ensuring that they can access social security benefits.
2. Protection for posted workers – Australian companies that have employees working in Turkey can now provide social security coverage to their employees, ensuring that they receive benefits and do not have to make additional contributions.
3. Portability of benefits – Workers who have contributed to the social security systems in both countries may be eligible to have their contributions combined for the purposes of determining their eligibility for benefits.
4. Totalisation – Workers who have not met the contribution requirements in one country may still be eligible for benefits if they have met the requirements in the other country.
5. Waiving of residence requirements – Workers who have worked in both countries may be exempt from being subject to the residence requirements that are usually applied when accessing social security benefits.
What are the benefits of the Australia-Turkey ISSA for businesses?
The Australia-Turkey ISSA also offers benefits to businesses that employ workers who travel between both countries. Some of these benefits include:
1. Reduced costs – Since businesses do not have to make additional social security contributions for employees working in Turkey, they can save on payroll costs.
2. Simplified administration – As businesses do not have to register in Turkey`s social security system, they can avoid dealing with the complex bureaucracy associated with registering in a foreign country.
3. Risk mitigation – By providing social security coverage to their employees, businesses can avoid the risk of penalties and litigation.
Conclusion
The Australia-Turkey ISSA is a valuable agreement that provides important benefits to workers and businesses from both countries. It ensures that individuals who work and live in both countries are not disadvantaged and can access the social security benefits they are entitled to. If you are planning to work or live in either country, it`s important to familiarize yourself with the ISSA and understand your rights and entitlements.
