There are three good reasons to consider bringing your Australian superannuation to New Zealand: Before you do anything, it’s a good idea to get some financial and tax advice because different investment and insurance options, fees, currency exchange rates and tax might have an impact on your transfer. Alternatively, payment can be made by your Aussie provider in NZ dollars directly to the scheme bank account if they agree to do this.

Kiwi Wealth® is a registered trademark of Kiwi Wealth Investments Limited Partnership. There are some differences between Aussie super schemes and KiwiSaver schemes which may affect the amount you can get when you can withdraw your savings, particularly if you have a large sum of money in Aussie super savings. Accounts that contain an untaxed element cannot be transferred. For more information on transferring Australian super to New Zealand under the Trans-Tasman Portability Scheme, call us on 13 11 84. As well as our fee, there are other costs and expenses associated with investing in our scheme. You may be eligible to transfer your super between Australian and New Zealand super funds.

Choose one fund, and make it a good one. By bringing your Aussie super savings to NZ you may be able to access information about your savings and make changes to your account easier by dealing with a NZ-based customer service team. Kiwi Wealth Limited is the issuer and manager of the Kiwi Wealth KiwiSaver Scheme and Kiwi Wealth Managed Funds.

Depending on your situation you might pay less tax on your investment if you leave it in Australia.

KiwiSaver members who permanently emigrate to Australia may transfer their entire KiwiSaver account balance to an Australian complying superannuation scheme that agrees to accept the transfer. Why move your Australian superannuation?

If you’re a temporary resident in Australia

You cannot make a withdrawal before your retirement age of the money transferred from Australia for the purchase of a first home, and any funds transferred do not count towards eligibility for the KiwiSaver HomeStart grant. Your Australian super funds are in an Australian complying superannuation fund. Ready for the next step? Applying for a Departing Australia superannuation payment from a super fund or retirement savings account. You may also be able to access the transferred Aussie super savings from your KiwiSaver account from age 60, provided you satisfy the Australian definition of retirement at that age. Transfer to the Kiwi Wealth KiwiSaver Scheme. If you've decided you want to make a transfer, you'll need to contact your Australian provider or providers to apply to transfer your funds to your ASB KiwiSaver Scheme account. The rules around superannuation are confusing enough when you are living in Australia, let alone trying to understand what happens to your superannuation when moving overseas. Your Aussie super savings will need to be converted to NZ dollars when the transfer is completed. Only the whole balance of your super can be transferred to a KiwiSaver scheme (no part transfers). You will not be able to transfer the portion of your Aussie super savings that has been transferred from KiwiSaver to a third country, although you can bring them back to a KiwiSaver scheme if you return to live in NZ. Smart moves with how you invest your super today can help you achieve your retirement dreams tomorrow. Also, if you had more than one job in Australia, you may have several superannuation accounts – potentially getting whittled away by fees if their balances are low. Join or transfer and start saving. You cannot transfer your KiwiSaver savings to an Australian self-managed fund.

If you have any questions or concerns about the enrolment process, then please give us a call on 0800 427 384 or email us and one of our Customer Services Team will be happy to help. You can find a list of Australian complying superannuation schemes on this website. If you’ve permanently moved to New Zealand, you could be able to transfer your Australian superannuation savings to the ASB KiwiSaver Scheme. Combining the two is likely to reduce your overall costs. Deciding to accept transfers is up to each super fund.

Having your savings in a NZ scheme may make it easier to keep track of your savings and you’ll know what your total retirement savings are in your home currency. Pension accounts cannot be transferred, however you may transfer your pension to a Sunsuper super saving account and then move that account to a KiwiSaver scheme. Simply select your option below. If you are planning on moving either permanently or indefinitely to New Zealand, you can leave your super in Australia or transfer it to a New Zealand KiwiSaver scheme from a participating Australian super fund. There are three good reasons to consider bringing your Australian superannuation to New Zealand: Reduced fees. We will convert this to NZ dollars when payment confirmation is received. If you are a former temporary resident who accumulated superannuation (super) while working in Australia, you can claim your super from your super fund if you meet all of the following requirements:. The Australian Tax Office estimated that it had about AUD$18 billion in these lost accounts. Funds may only be transferred between a complying super fund regulated by the Australian Prudential Regulation Authority (APRA) and a New Zealand KiwiSaver scheme. If you’re moving to New Zealand you may be able to transfer your super from a participating super fund in Australia using the New Zealand KiwiSaver scheme. It's easy to join or transfer to the ASB KiwiSaver Scheme. We’re proud to be named SuperRatings’ 2020 Fund of the Year for offering the best-value end-to-end product for our members. You can't withdraw your KiwiSaver savings before your retirement age to purchase a first home in Australia. Take the hassle out of paying multiple super funds for different employees with the Sunsuper clearing house. Defined benefit accounts cannot be transferred, except for any accumulation component that a defined benefit account may have. Your one-off transfer won’t count as a KiwiSaver contribution towards that year’s annual Government contribution (also known as a member tax credit). ASB provides Scheme administration and distribution services. However, there are some exceptions: KiwiSaver providers are not required to accept transfers from Australian super schemes. You get access to Adviser Online and can request an advice fee (including Ongoing). As this is a public website, we can't respond to your feedback directly. You can find more information about our fees and the other costs and expenses on our website or in the Product Disclosure Statement for the Kiwi Wealth KiwiSaver Scheme. We'll contact you after your Australian provider has transferred your funds to us and we have added them to your ASB KiwiSaver Scheme account. We will contact your Aussie super provider to request the documentation required to complete the transfer.

Need more information? Cannot be used to purchase your first home; Can be accessed when you reach 60 years of age and satisfy the Australian definition of retirement’ at that age.

Transferred Aussie super scheme savings cannot be transferred to a third country, but if you permanently emigrate back to Australia you can transfer your KiwiSaver account, including the Aussie super savings, to an Aussie super scheme. ASB KiwiSaver Scheme› When you save on things that matter now, you’ll have more for what matters in the future. The Australian Tax Office estimated that it had about AUD$18 billion in these lost accounts. Search for your lost and other super and combine it into your Sunsuper account using our instant rollover tool. It's important to note that once you’ve transferred your superannuation savings to New Zealand you may not be able to reverse the decision unless you decide to permanently move back to Australia.

If you worked in Australia, and your superannuation provider hasn’t been able to contact you since you moved back to New Zealand, there is a good chance your savings have been added to the ‘lost’ accounts of their system. You can check for your lost accounts for free on the Australian Tax Office website.

For example, Australian-sourced savings held in KiwiSaver schemes: Before we are able to transfer your account, we need to be certain that it is you asking for the money. If you are getting your identification certified in New Zealand, the below certifiers will be accepted: Please see our proof of identity requirements for a list of acceptable identity documents.

If you worked in Australia, and your superannuation provider hasn’t been able to contact you since you moved back to New Zealand, there is a good chance your savings have been added to the ‘lost’ accounts of their system. Generally once your Aussie super savings have been transferred, the normal KiwiSaver rules will apply to these savings.

Then moved to and Currently working in Australia I am looking at moving back to NZ some time in the future The questions I would like to ask is based on my current status us-Am I entitled to a NZ pension at retirement age -My wife has been in Australia all her life is she entitled to claim a pension in NZ and at what age Cheers Steve.

Pension accounts cannot be transferred, however you may transfer your pension to a Sunsuper super saving account and then move that account to a KiwiSaver scheme.

Have you worked in Australia after 1992 and contributed to an Australian complying superannuation scheme? To do this we will ask you to provide certified identification. You may also want to seek independent financial and tax advice before proceeding with the transfer. There is a difference in the rate of tax for investments between Australia and NZ. You will not be able to access the portion of your Aussie super savings that has been transferred from KiwiSaver until you reach the age of entitlement to NZ Superannuation. Visit us at one of our many branches across New Zealand. You can’t transfer any UK pension funds that might be in your Australian super fund to the ASB KiwiSaver Scheme. If you're not sure who your Australian provider or providers are, contact the Australian Tax Office (ATO) online using MyGov or call their super search line on +61 13 28 65. You may want to seek independent financial and tax advice about whether to proceed with the transfer. We won’t charge you anything to transfer your Aussie super. Once you have returned the completed transfer documentation to us we will complete our part, if applicable, and send it back to your Aussie super provider. Do you already have an ASB login? You should consider the following factors when deciding whether to transfer your Aussie super savings to NZ. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement available from this website and the register of offers of financial products at www.business.govt.nz/disclose (search for ASB KiwiSaver Scheme). Join Sunsuper's Chief Economist and Head of Advice and Retirement as they discuss investments, super and how to achieve your retirement dreams.

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