Can i transfer kiwisaver to australia

Bringing your retirement savings together into one account gives you a full picture of your savings. The Australian and New Zealand governments have an agreement in place that allows KiwiSaver savings and compulsory Australian pension savings to be transferred across the Tasman. The arrangement allows those with retirement savings in both Australia and New Zealand to consolidate savings in one account, in their country of residence.

While you're able to hold multiple superannuation accounts in Australia, managing your savings from abroad can be difficult. By transferring your savings to your AMP KiwiSaver Scheme account, you'll be consolidating all your retirement savings in the one place, making it much easier for you to look after.

To be eligible, you must:. Australian Industry SuperFunds are owned by members with profits going back to account holders, not shareholders. You cannot transfer into a self managed superannuation fund. Fill this out and return it to your selected Australian fund. Once the paperwork is done and the transfer of super is complete, your Australian fund will send you a letter detailing the date your super was transferred and the amount.

You can apply to your Scheme Provider to have your KiwiSaver funds transferred to an approved foreign superannuation scheme.

The scheme must comply with regulations under the KiwiSaver Act Section e. KiwiSaver Act Section legislation. Heads up. We're taking you to our old site, where the page you asked for still lives. Toggle mobile nav. News and events Media releases Updates Newsletters and bulletins Seminars. What should I consider first? The bottom line. Your Australian super fund will request the following information about your KiwiSaver transfer: Whether it includes any Australian-sourced amounts and, if so, any tax-free component Any restricted non-preserved component Any unrestricted non-preserved component.

There are different early access eligibility requirements in place in both countries in areas such as: Buying your first residential home In cases of severe financial hardship or a serious illness, injury or disability that affects your ability to work or threatens your life.

The bottom line We do not claim to be experts on New Zealand superannuation. The information contained in this article is general in nature. Learn more about super when you're living outside Australia in the following SuperGuide articles:.

What are the SMSF residency requirements? May 18, What are the Age Pension residency rules? March 1, Should I retire overseas? October 3,