Transfer Australian Superannuation
The New Zealand and Australian labour and financial markets are highly integrated by international standards. The introduction of retirement savings portability will add to the integration by allowing Australians and New Zealanders to consolidate their financial affairs in their country of residence.
The two governments have signed a Memorandum of Understanding that allows for retirement savings portability. Law changes are required in both countries to put the arrangements in place. This is expected to happen around mid 2010.
AUSTRALIAN SUPER TRANSFER
The essence of the agreement means that Australian Superannuation Transfer can only take place into Kiwisaver Funds in New Zealand.
CLICK HERE to get our Free Report about Australian Superannuation Transfer.
In a practical sense no actions can be done until the laws are passed sometime during 2010. In the meantime you will be added to our database of people wishing to transfer their Australian Super and we will contact you as soon as the laws are in place and times are set.
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