Did you know that assets accumulated in an Australian Superannuation scheme can be transferred to your KiwiSaver?
For those of us who have worked over there and accumulated some assets prior to returning home you could have a pot of assets in a Superannuation scheme there, that you might prefer to have over here if you are now staying permanently in New Zealand.
The overall process is relatively straightforward. You will need to complete a transfer out instruction with your Australian
Superannuation provider outlining details of your KiwiSaver scheme here. You will also need to complete a form for your KiwiSaver provider to let them know assets are being transferred in and identify where they are coming from. It isn’t a difficult process and from an administration perspective it may make managing your retirement assets a little easier.
If you think you have an Australian Superannuation scheme but can’t remember who it is with, you may be able to locate it through the Australian Taxation Office whose details can be found online.
Those of you with self-managed schemes may be interested in a bespoke KiwiSaver account such as that offered by Hamilton Hindin Greene using the Consilium KiwiWRAP.
Now could be a time to take stock of KiwiSaver and Australian superannuation assets, merge them together and consolidate them into a KiwiSaver scheme tailored to your own personal needs.
Contact your adviser if this is something you’d be interested in exploring further, or if you don’t have a dedicated contact, give us a call on 0800 10 40 50 and we’ll be happy to have a chat.
