Avoid wasteful fees and taxes
If you have traded your jandals for thongs or a chilly bin for an esky, but still left your KiwiSaver in New Zealand, there are many reasons why you should transfer your KiwiSaver to Australia.
The biggest reason is to save on KiwiSaver admin fees and NZ Inland Revenue Tax. Tax applies to investment earnings.
More reasons to transfer your KiwiSaver across the ditch
- Save on fees. Consolidate your KiwiSaver and superannuation savings all into one account.
- First Home Super Saver scheme (FHSS). If you’re eligible you can use your KiwiSaver to purchase your first home in Australia. Check details here.
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.
