BRING YOUR KIWISAVER ACROSS THE DITCH

Have you traded your jandals for thongs or a chilly bin for an esky, but still left your KiwiSaver in New Zealand?

If you’ve moved to Australia, now could be a good time for you to consider bringing your KiwiSaver across the ditch as the New Zealand dollar heads towards parity with the Australian dollar.

This means you’ll get more bang for your buck when you transfer your KiwiSaver to an Australian super fund.

Aside from favourable currency rates, by transferring your KiwiSaver to Australia you’ll also save on KiwiSaver admin fees and Inland Revenue tax of 28% which can slowly erode your retirement savings.

First Super Pty Limited (ABN 42 053 498 472, AFSL 223988) as trustee of First Super (ABN 56 286 625 181). This post contains general advice which has been prepared without taking into account your objectives, financial situation or needs. You should consider whether the advice is appropriate to your personal circumstances and consult the Product Disclosure Statement before making any investment decision. Before making a decision to combine your superannuation, you should consider any costs, change to insurance cover or loss of benefits that may apply, and if necessary, consult a qualified financial adviser.