What happens to your Super Annuation contributions if you leave Aus for good
#1
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Joined: Jan 2008
Location: London - Engadine NSW - Hampshire
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What happens to your Super Annuation contributions if you leave Aus for good
Hi
Just a quicky I have been in Aus on a working visa and there is the distinct probablility I will have to return to the UK permanently for family reasons.
What happens to my Super contributions if indeed we do return home ?
Thanks
Nixxy
Just a quicky I have been in Aus on a working visa and there is the distinct probablility I will have to return to the UK permanently for family reasons.
What happens to my Super contributions if indeed we do return home ?
Thanks
Nixxy
#2
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Re: What happens to your Super Annuation contributions if you leave Aus for good
if you are a temporary resident then you can apply to have them released once you have left the country, if you are PR or a citizen then I think they are stuck here
#3
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Re: What happens to your Super Annuation contributions if you leave Aus for good
Have a look in the Moving Back to the UK forum as it has been discussed in there, and there are some very good threads on it.
#4
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Re: What happens to your Super Annuation contributions if you leave Aus for good
Thanks Pollyana, I missed that part of the forum
#5
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Re: What happens to your Super Annuation contributions if you leave Aus for good
#6
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Re: What happens to your Super Annuation contributions if you leave Aus for good
Hi I was on a permanent visa and came back the UK, I got mine back.
Bluekipper
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#7
Re: What happens to your Super Annuation contributions if you leave Aus for good
If you are a temp resident and dont take your super with you then it gets put into some consolidated revenue pot to be used by the govt and earn little to no interest! So definitely in your best interests to take it if you are a temp resident!
#9
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Re: What happens to your Super Annuation contributions if you leave Aus for good
Thanks everyone, I started a new thread in the correct foum and someone posted this, very useful
http://ato.gov.au/superfunds/content....htm&page=2&H2
http://ato.gov.au/superfunds/content....htm&page=2&H2
#11
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Re: What happens to your Super Annuation contributions if you leave Aus for good
How did you manage that? I think there are a lot of folk who would like to know because the regs state quite clearly that you cant. Did you have to wait for your visa to expire or were there some other forms that gave you exemption?
If you are a temp resident and dont take your super with you then it gets put into some consolidated revenue pot to be used by the govt and earn little to no interest! So definitely in your best interests to take it if you are a temp resident!
If you are a temp resident and dont take your super with you then it gets put into some consolidated revenue pot to be used by the govt and earn little to no interest! So definitely in your best interests to take it if you are a temp resident!
Bluekipper
#12
Re: What happens to your Super Annuation contributions if you leave Aus for good
No the rules actually say permanent residence not citizenship. I think there are a lot of returning PRs who would love to know how to do it - as JAJ said, maybe it was a super provider breaking the rules.
#14
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Re: What happens to your Super Annuation contributions if you leave Aus for good
What about if you renounce citizenship?
I’m planning on leaving Oz (either in June or in 2 and half years, still working it out, lol). Anyway, I have a lot of super and wanted to know about getting it out (I’m an Oz Citizen).
What if I renounce my Australian Citizenship... can you get it out early then? I’d rather have 50k + in my hand than a useless blue book (Aus passport). I’m only 25 and don’t really want to wait until retirement.
I’m planning on leaving Oz (either in June or in 2 and half years, still working it out, lol). Anyway, I have a lot of super and wanted to know about getting it out (I’m an Oz Citizen).
What if I renounce my Australian Citizenship... can you get it out early then? I’d rather have 50k + in my hand than a useless blue book (Aus passport). I’m only 25 and don’t really want to wait until retirement.
#15
Re: What happens to your Super Annuation contributions if you leave Aus for good
Unless they are 55 plus like myself. I'm fairly confident I can get mine now ?
I was called worried for a while then. Thought I had to wait another 11 years.
That was the other reason I was looking at cheap housing in the UK, Trying to find some faint futile benefit out of turning 55
BTW Funniest thing with this changing the retirement age for us, My wife who is two years younger than me, now retires only 1 year younger @ 67 for her and 66 for me.
I was called worried for a while then. Thought I had to wait another 11 years.
That was the other reason I was looking at cheap housing in the UK, Trying to find some faint futile benefit out of turning 55
BTW Funniest thing with this changing the retirement age for us, My wife who is two years younger than me, now retires only 1 year younger @ 67 for her and 66 for me.
Last edited by ozzieeagle; Apr 12th 2010 at 4:24 am.