Transferring your Australian Superannuation Funds back to New Zealand!

Trans-Tasman Portability - all you need to know and more
If you've worked in Australia at any time since
1992 you'll probably have Australian superannuation
savings. Now you can bring these savings back to New Zealand by transferring them into
your KiwiSaver account.

There are several reasons why transferring your Aussie Super back to New Zealand makes sense.

  • Visibility - having all of your retirement savings in one place makes it easier to keep track of your savings and what is happening with it.
  • Lower fees - You are probably paying at least two sets of fees. Consolidating your super into one KiwiSaver account can reduce the total cost. It is also possible that you might have more than one super account in Australia if you changed jobs when you were there.
  • Certainty - if you are planning to retire in New Zealand, you probably want to know what your nest egg is worth in New Zealand dollars.

Are there any restrictions or special rules that apply?

There are a number of important things you should consider before making the decision to initiate the transfer. Download our Important Information Sheet for details.

To ensure the rules are upheld your transferred Australian savings will be separately identified in your KiwiSaver account.

If you would like to transfer your Australian Super Scheme savings to your Fisher Funds KiwiSaver Scheme account please download and complete our transfer form.

Our experience so far indicates that it may take some time for the Australian Schemes to process your transfer. Rest assured we will keep you up-to-date throughout the entire process.

You're not alone! It is estimated that up to $A5 billion of "lost" Super is owned by New Zealanders. Even if you picked fruit in Queensland for a couple of months one summer you will have made Super contributions. Who knows how much you may have unwittingly invested and forgotten about?

If you know your Tax File Number (TFN) If you do not know your TFN number

Visit the 'super seekersection of the Australian Taxation Office website.

You will need to enter your Full Name, Date of Birth and Tax File Number. 

You can print or email us the page which contains the details of your Aussie Super provider.

You can:

  • Contact the Australian Taxation Office on +61 2 6216 1111
  • Complete the 'Searching for lost super form' and send it to:
    Australian Taxation Office
    PO Box 3578
    Albury NSW 2640
  • Contact your previous Australian employer

If you would like to discuss your Aussie Super in more detail, feel free to email us or call us on 0800 FFKIWI (0800 335494) and we can walk you through the process.

Yes, you can.

From 1 July 2013, if you permanently migrate to Australia you will be able to transfer your retirement savings to a complying Australian Super Scheme regulated by the Australian Prudential Regulation Authority (APRA). A list of complying schemes can be found here.

Are there any restrictions or special rules that apply?

There are several rules and regulations that you should be aware of:

  • You will no longer be able to withdraw your retirement savings in cash one year after permanently migrating, however you can transfer them whenever you want (you won't have to wait for 12 months) and the $1,000 kick-start and any KiwiSaver Member Tax Credits will be transferred over.
  • You will be able to access your KiwiSaver funds at the age of entitlement to New Zealand superannuation. Currently this is at 65 years of age. Any earnings on these KiwiSaver funds as well as contributions made while in Australia will be subject to all Australian rules regarding access to funds.
  • You will not be able to transfer any transferred New Zealand funds into Australian self-managed superannuation funds, nor can they be transferred to a third country.
  • Any transfers of retirement savings will be subject to Australia's rules regarding the taxation of retirement savings contributions greater than $150,000 per annum. This is known as the non-concessional contributions cap.