Can I use the money transferred from my Australian superannuation to buy my first home?
Last Updated: 09 Mar 2016
Because of Australian superannuation fund rules, savings from an Australian complying superannuation fund aren’t available for a KiwiSaver first home withdrawal or the home deposit subsidy. However, any earnings on the transferred amount can be withdrawn once you’re eligible to make a KiwiSaver first home withdrawal.
Did this answer your question?
Related Answers
-
If you have insurance cover attached to your Australian superannuation funds, this could cease when transferring your savings to a ...
-
You can change KiwiSaver schemes however the new provider must be able to accept any Australian savings transferred into your ...
-
Use Super Fund Lookup to check if your Australian provider is regulated by the Australian Prudential Regulation Authority (APRA). If ...
-
Complete this searching for lost super form or, if you know your tax file number (TFN), use the Australian Taxation ...
-
‘Unclaimed super’ is transferred to the ATO to protect superannuation savings. Before your savings can be moved to your KiwiSaver ...
-
The time it takes from the start of your application through processing varies between Australian superannuation fund providers. Your Australian ...
-
Your final transfer amount will depend on the exchange rate. Usually your Australian provider will pay by International Money Transfer, ...
-
The transfer of Australian superannuation savings to New Zealand is exempt from entry or exit taxes. Different tax rates and ...
-
We don't charge a fee to arrange the transfer of your Australian superannuation savings into the ASB KiwiSaver Scheme. You ...
-
After they join KiwiSaver, you should deduct contributions from their next payday. If an employee (who is over 18 and ...