If you have worked in Australia since 1992 and contributed to the Australian Superannuation Guarantee (ASG) System, your employer has had to contribute 9 percent of your wages into a locked-in retirement savings account under ASG.

 

New Zealanders who have worked in Australia and accumulated compulsory pension contributions under the ASG are currently unable to repatriate their Australian Superannuation to New Zealand before reaching Australian age of retirement.

 

The good news is, you will soon be able to transfer your Australian Superannuation to New Zealand  - directly into your KiwiSaver account.

 

Both the Australian and New Zealand Governments have reached agreement that transfers between Australian Superannuation and New Zealand KiwiSaver will soon be possible.  The relevant legislation was enacted by the New Zealand Government in late 2010.  However, the Australian Government is yet to enact corresponding legislation to allow the whole process to take place.  Once the Australian Superannuation legislation is passed into law, you will be able to transfer your Australian Superannuation to New Zealand.

 

In the meantime we can can get everything ready for you in order to to make the whole transfer process stress and risk free - giving you more time to focus on the things in life that are important to you.

 

What If I have No Idea Where My Super Is?

 

Sounds silly right? Well no it isn’t, it is estimated that 25% of lost funds could belong to New Zealanders who have returned home to New Zealand or have left Australia. Lost superannuation can happen as easy as changing your job, having multiple jobs at one time. You might have changed your address or even your name. If a regular super fund can no longer locate your whereabouts they may transfer your super to an Eligible Roll-Over Fund.

 

For years Australians have been encouraged to find their lost Australian Superannuation With the up coming law change you will be able to locate your “lost super” and then ultimately be able to transfer it from Australia to New Zealand - directly into your KiwiSaver account.  You will then be able to monitor you savings and make them work best for you.

 

How Do I Get My Super Funds Back to NZ?

In order to transfer Australian Superannuation funds back to New Zealand, you must have a  KiwiSaver account.  If you want to stay up-to-date with how the law changes are progressing, simply register with us and we will send out periodic emails advising you on the progress of the relevant legislation.