Iswift total wine6/25/2023 Only complying super funds, regulated by the Australian Prudential Regulation Authority External Link (APRA), New Zealand KiwiSaver scheme provider can participate in these transfers.įrom 12 December 2021, if you have permanently emigrated to New Zealand, you may now be eligible to transfer any ATO-held unclaimed super money (USM) we are holding for you to a New Zealand KiwiSaver scheme provider. If you're planning to move permanently or indefinitely to Australia, you may transfer your retirement savings from a KiwiSaver scheme to a participating Australian super fund.Ĭheck with your fund and KiwiSaver scheme to see if they will charge any fees for transferring or accepting funds on your behalf. any restricted non-preserved or unrestricted non-preserved amounts.any amount not previously counted towards the non-concessional contributions cap.any tax-free component of an Australian-sourced amount.any Australian-sourced or New Zealand-sourced amounts that form part of the transfer.When transferring super savings from your KiwiSaver scheme to an Australian super fund, your fund may request details of: Transferring savings from your KiwiSaver scheme to an Australian super fund You will need an Australian tax file number (TFN) to transfer your retirement savings to an Australian super fund. These details must be provided by the KiwiSaver scheme if requested. The details must be provided before the Australian super fund will accept the transferred amount. Retirement savings you transfer to Australia from New Zealand are held in your super fund in two parts: it can be accessed when the member reaches New Zealand's retirement age (currently 65).it cannot be transferred to a self-managed super can only be transferred to, and held in, a complying super fund regulated by APRA.Some rules only apply to money transferred from a KiwiSaver scheme and held in an Australian super fund, for example: Once your KiwiSaver scheme savings are transferred to your Australian super fund, they are generally subject to Australia's superannuation rules. To access the Australian-sourced component, generally you will need to be 60 years old and satisfy the Australian definition of retirement. To access the New Zealand-sourced component, you will need to reach the New Zealand age of retirement (currently 65).
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