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September 2025 Retiree newsletter

Downsizer super contributions: Rules and eligibility
Eligible downsizer contributions can be a great way to boost your super without falling foul of many of the rules affecting other super contributions. Read more.
Downsizer super contributions: Rules and eligibility
Eligible downsizer contributions can be a great way to boost your super without falling foul of many of the rules affecting other super contributions. Read more.
Pension fund performance: Monthly returns to April 2026
Escalating US-Iran conflict in the Middle East took a toll on pension funds in March but returns have bounced back in April. Read more.
Pension fund performance: Monthly returns to April 2026
Escalating US-Iran conflict in the Middle East took a toll on pension funds in March but returns have bounced back in April. Read more.
Making sense of pension drawdown strategies
In this video interview we’re diving into one of the most important – yet often overlooked – parts of retirement planning: how to actually draw down your super and other… Read more.
Making sense of pension drawdown strategies
In this video interview we’re diving into one of the most important – yet often overlooked – parts of retirement planning: how to actually draw down your super and other… Read more.
What to know before taking a lump sum from super
Cashing a chunk of your super tax-free is tempting, but make sure you look before you leap. Read more.
What to know before taking a lump sum from super
Cashing a chunk of your super tax-free is tempting, but make sure you look before you leap. Read more.

Overseas super transfers: Issues and strategies

Wednesday 22 October 2025 at 4:00 pm AEDT

Do you have retirement savings in overseas pension or superannuation schemes that you want to transfer to Australia? Or are you looking to transfer your Australian superannuation benefits to a foreign fund?

This webinar will  take you through all the relevant rules and restrictions, and highlight the tax outcomes that you need to be aware of.

Q: I am 70 and my wife is 62. I work part-time and my wife is retired. We get the Age Pension assessed as a couple approx $863 a fortnight. l have a Work Bonus Bank Balance of approx $6,000. How much can l earn per week without affecting our pension and for how long?

A: Your work bonus bank will be used by any earnings you have above $300 a fortnight.

For example, if you earn $900 in one fortnight, the first $300 will be absorbed by the current fortnight’s work bonus allocation and the remaining $600 will be deducted from your work bonus bank. Your pension will not be affected.

If your work bonus bank runs out, then any amount above $300 you earn each fortnight will be assessed in the income test. Using the same example, earning $900 a fortnight would reduce a work bonus bank of $6,000 to zero after 10 fortnights (20 weeks). If income remained the same, the excess $600 a fortnight would then be assessed in the income test going forward.

Whether your pension would be lower as a result of $600 additional income being assessed depends on whether your pension is being determined by the income test or the assets test.

You can read more about the work bonus and the income and assets tests in the articles below. We also have an age pension calculator here. You can use the calculator to see how varying amounts of work income would affect your pension based on your complete circumstances.

When using the calculator, remember that any money your wife holds in a superannuation accumulation account is not currently assessable and you don’t need to include it in your financial investments. Her balance will begin to be assessed when she turns 67.

Learn more in the following guides:

If you’re feeling asset rich but cash poor with wealth tied up in your home, the Home Equity Access Scheme could be the ticket to enjoying more income without selling up.

Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.

Superguide Pty Ltd ATF Superguide Unit Trust as a Corporate Authorised Representative (CAR) is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629.