Australian super transfer
Australian Super Transfer to NZ
Have you worked in Australia? Have you considered the impacts of leaving or bringing your Australian Super back to New Zealand.
Australian and New Zealand share a long history, and many Kiwis have spent time working across the Tasman. If you’re one of them, you may be thinking about transferring your Australian superannuation back to New Zealand.
However, there are a few things to consider before making the move. For example, you need to make sure that you’re eligible to transfer your funds, as not all Australian schemes allow this. You should also be aware of the differences between the two schemes, as this may impact when you’re able to withdraw your money.
Additionally, there may be tax implications associated with transferring your Australian super to New Zealand, so it’s important to seek professional advice before making any decisions. Finally, remember that once you transfer your Australian super to New Zealand, you may lose any insurance entitlements that were associated with your Australian scheme.
With all this in mind, it’s important to ask a professional like Retirement Taylor Made before making any permanent changes to your scheme. Contact us today.
Key points of an Australian Super Transfer to NZ:
Eligibility to transfer funds
Differences between the two schemes (eligibility dates for withdrawals)
Loss of any insurance entitlements associated with many Australian Schemes
Tax impacts on transferring your funds
Currency impacts of the different schemes
Your long term likelihood of remaining in NZ
Any exit fees charged by the fund
Risks associated with your funds being transferred to the Australian Taxation Office (ATO)
Relocating your Australian Super could be hugely beneficial for you. If you’d like to find out more, get in touch for a no strings attached chat. I’m here to help!
“Ailsa is integral, knowledgeable and professional and genuinely wants you to get the best result from your Kiwisaver.She breaks financial speak into laypersons terms to ensure you get the best bang for your buck tailored to your needs.Highly recommend her services.”
“Ailsa is very professional and knowledgeable. She has helped me to review my funds and to ensure I was on the right growth fund and to move it to a more socially responsible fund. I also like how she follows up annually as your circumstances can change. I would definitely recommend her.”