Mouse Goes South

Firstly, please excuse my ignorance on australian tax matters and hence my plea for assistance.

My understanding from reading other posts here on BE and the ATO website is that Australian citizens are not eligible for the Departing Australia Super Payment given that, as citizens, they have the option to retire in Oz.

However, if you take Australian citizenship (still maintaining your dual citizenship with UK), work and contribute for however many years to the Australian super scheme (govt in my case) and then in the fullness of time decide to return to the UK, does that mean you cannot access the funds you have accrued in Australia as you have chosen to retire in the UK as a UK citizen (still maintaining your dual citizenship with Australia).

Slightly concerned that I will not be able to access both my personal and employer contributions if we ever decide to return to UK.

Thanks in advance.

quoll

Not just citizens - the same rule applies to permanent residents. Of course you will be able to access your super contributions but in the same way that anyone can access them - when you reach retirement age. Until that time, they will be a sort of enforced savings sitting in Aus waiting for you to get old.

Mouse Goes South

Thanks Quoll.