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Transfer Australian Super
Australian Superannuation Transfer to KiwiSaver: Streamline Your Retirement Savings
If you’ve permanently relocated to New Zealand, you may be eligible to transfer your Australian superannuation savings to your KiwiSaver scheme. Transferring your Australian super to KiwiSaver can simplify the management of your retirement savings by consolidating everything into a single account.
Before initiating the transfer, it's essential to understand that the transfer process and eligibility criteria may vary. It’s highly recommended to seek professional financial advice, including considerations such as tax implications, foreign currency exchange rates, and insurance coverage.
Benefits of Transferring Australian Super to KiwiSaver
There are several advantages to transferring your Australian superannuation to your KiwiSaver:Reduced Fees: If you have both Australian super and KiwiSaver accounts, you may be paying double the fees. Consolidating your super into your KiwiSaver account can help reduce these costs, allowing you to save more for retirement.
No Entry or Exit Taxes: Currently, there are no entry or exit taxes when transferring your Australian super to New Zealand, making the process more cost-effective.
Simplified Management: Managing your retirement savings is much easier when all your funds are in one account. Consolidating your super and KiwiSaver allows you to track your investments and plan for the future with less hassle.
Ready to Transfer Your Australian Superannuation?
Let Succession First guide you through the transfer process, ensuring a smooth and seamless transition of your superannuation savings to your KiwiSaver account. Contact us today to get started and make your transfer hassle-free!
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