If you’ve permanently moved to New Zealand, you could be able to transfer your Australian superannuation savings to the ASB KiwiSaver Scheme.
There are three good reasons to consider bringing your Australian superannuation to New Zealand:
Before you do anything, it’s a good idea to get some financial and tax advice because different investment and insurance options, fees, currency exchange rates and tax might have an impact on your transfer.
It's important to note that once you’ve transferred your superannuation savings to New Zealand you may not be able to reverse the decision unless you decide to permanently move back to Australia. Your Australian super funds do remain subject to some Australian rules - even after you transfer them.
These rules apply to the lump sum you transfer, but not to any investment returns on that lump sum.
If you've decided you want to make a transfer, you'll need to contact your Australian provider or providers to apply to transfer your funds to your ASB KiwiSaver Scheme account. They'll provide you with the forms to complete and let you know any other documentation they need.
To make the payment your Australian provider or providers will require the details on our 'ASB KiwiSaver Scheme Information Sheet for Australian Providers'.
If you're not sure who your Australian provider or providers are, contact the Australian Tax Office (ATO) online using MyGov or call their super search line on +61 13 28 65. See here for more information.
We'll contact you after your Australian provider has transferred your funds to us and we have added them to your ASB KiwiSaver Scheme account.
It may take up to 60 days for your Australian provider to transfer the funds to your ASB KiwiSaver Scheme account.
Ready for the next step? Join or transfer and start saving.
Interests in the ASB KiwiSaver Scheme (Scheme) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides Scheme administration and distribution services. No person guarantees interests in the Scheme. Interests in the Scheme are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement available from this website and the register of offers of financial products at www.business.govt.nz/disclose (search for ASB KiwiSaver Scheme).