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Can Superannuation Be Withdrawn?

Can Superannuation Be Withdrawn?

Old Oct 16th 2006, 3:47 pm
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Post Can Superannuation Be Withdrawn?

Hi All,

I am new to this forum. Found this forum really useful.

Can I know if the superannuation can be withdrawn
in any case if I leave australia ?

THanks
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Old Oct 16th 2006, 6:33 pm
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Default Re: Can Superannuation Be Withdrawn?

Originally Posted by Escondido
Hi All,

I am new to this forum. Found this forum really useful.

Can I know if the superannuation can be withdrawn
in any case if I leave australia ?

THanks
My understanding is that it cannot be withdrawn until you reach retirement age. I'm sure someone will shout if I'm wrong!
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Old Oct 16th 2006, 8:03 pm
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Smile Re: Can Superannuation Be Withdrawn?

Originally Posted by Escondido
Hi All,

I am new to this forum. Found this forum really useful.

Can I know if the superannuation can be withdrawn
in any case if I leave australia ?

THanks
If you mean - can you have it if you leave Oz - the answer (I think) is yes, provided you are not on PR or an Oz Citizen you can transfer it to a fund outside Oz.

I do not believe you can "cash it in" and if you are PR you can't take it out of Oz.

You need to check this, I may be wrong.



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Old Oct 16th 2006, 9:30 pm
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Default Re: Can Superannuation Be Withdrawn?

Originally Posted by Escondido
Hi All,

I am new to this forum. Found this forum really useful.

Can I know if the superannuation can be withdrawn
in any case if I leave australia ?

THanks

About 15 years ago when I left Australia to live in the UK, I had a small amount of money tied up in an AMP Super Fund, which I wanted to get my hands on. I made enquiries, and all I had to do was prove that I had left the country, that is sworn affidavits, stat decs, etc, etc, and the money was paid out to me. I sort of regret it now, but at the time, it came in handy.
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Old Oct 17th 2006, 12:27 am
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Default Re: Can Superannuation Be Withdrawn?

Hi Folks,

Thanks alot of the reply. I am going to
To my understanding, the employer super contribution is 9% ?
However it is not mandatory for employee to contribute ?
Should I also contribute, what is the % which I need to contribute ?

Escondido
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Old Oct 17th 2006, 5:34 am
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Default Re: Can Superannuation Be Withdrawn?

Originally Posted by sassie
About 15 years ago when I left Australia to live in the UK, I had a small amount of money tied up in an AMP Super Fund, which I wanted to get my hands on. I made enquiries, and all I had to do was prove that I had left the country, that is sworn affidavits, stat decs, etc, etc, and the money was paid out to me. I sort of regret it now, but at the time, it came in handy.

Sassie

I believe they changed the rules in the past few years, so it is probably different now.

Check this link out to see if it helps you.

http://www.ato.gov.au/super/pathway.asp?pc=001/007/126
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