If you have funds in Australian Super we can help you consider the pros and cons of consolidating your retirement savings in KiwiSaver.
Key points to consider:
- * You must belong to a KiwiSaver scheme that will accept your Australian transfer
- * The tax treatment of Austrlain Super differs from KiwiSaver
- * You can withdraw your Australian super funds from KiwiSaver when you turn 60 provided you satisfy the Australian definition of retired
- * Australian Super can’t be used to purchase a first home or to count toward KiwiSaver HomeStart Grant eligibility
- * If you permanently migrate to a country other than New Zealand or Australia, you won’t be able to take your Australian Super with you
- * If you’re already retired, you may be able to withdraw your Australian Super balance and set up an investment portfolio in New Zealand with our help.