Will my superannuation savings transferred from an Australian complying superannuation fund be taxed?
Last Updated: 20 Jul 2016
The transfer of Australian superannuation savings to New Zealand is exempt from entry or exit taxes. Different tax rates and rules apply in each country; once your savings are transferred they will be subject to the taxation rules that apply in New Zealand.
Before you decide whether or not to transfer your Australian savings, you should consider any tax implications and seek independent tax advice.
For more information about how your investment is taxed see section 6 ‘What taxes will you pay?’ of the Other Material Information document.
Did this answer your question?
Related Answers
-
You can change KiwiSaver schemes however the new provider must be able to accept any Australian savings transferred into your ...
-
Use Super Fund Lookup to check if your Australian provider is regulated by the Australian Prudential Regulation Authority (APRA). If ...
-
‘Unclaimed super’ is transferred to the ATO to protect superannuation savings. Before your savings can be moved to your KiwiSaver ...
-
The time it takes from the start of your application through processing varies between Australian superannuation fund providers. Your Australian ...
-
We don't charge a fee to arrange the transfer of your Australian superannuation savings into the ASB KiwiSaver Scheme. You ...
-
If you have insurance cover attached to your Australian superannuation funds, this could cease when transferring your savings to a ...
-
Complete this searching for lost super form or, if you know your tax file number (TFN), use the Australian Taxation ...
-
Because of Australian superannuation fund rules, savings from an Australian complying superannuation fund aren’t available for a KiwiSaver first home ...
-
Your final transfer amount will depend on the exchange rate. Usually your Australian provider will pay by International Money Transfer, ...
-
After they join KiwiSaver, you should deduct contributions from their next payday. If an employee (who is over 18 and ...
