Proposed legislation will relax the residency rules for SMSF members, but until then it pays to understand the current rules before heading overseas for an extended stay.
Set out below are the latest guides that relate to expats guide to superannuation.
If you dream of retiring to an exotic overseas location where the living is easy, be sure to look at the financial, health and other considerations before you make the leap.
Many Australians dream of retiring overseas and some actually turn the dream into reality, but there are health and financial considerations to consider before you take the plunge.
Follow our five simple steps to keep your super on track while you’re living away from Australia.
What these rules allow us to do is to split, so to take up to 85% of the concessional contributions that were made into our own super fund account last year and then split them or allocate them to our spouse’s super account in either our fund or any other fund in the current year.
Non-residents can make super contributions, but check with the fund around their rules.
If you have savings in a KiwiSaver account, you can voluntarily transfer them to an Australian super fund under the provisions of a Trans-Tasman Retirement Savings Portability scheme that was introduced on 1 July 2013.
It can make sense to bring your UK pension funds home to Australia, but the process is far from straightforward. We explain how it’s done.