Australian Superannuation, what to do with it?
 

Hi

Happy new year all!

My partner and I moved back from Aus to Uk in Aug 2016. We had permanent residency and one chile born in Australia (he has a aus passport).

When we left we didn’t know if we’d be going back so we left our superannuation in the accounts, gave them our uk details and cancelled insurances.

We have no plans to return on a full time basis and our 10 year window to extend/reapply for PR is up soon.

Does anyone know where I stand with the super? Will it be transfered to the ATO?
Will I be able to leave it in there to grow until we’re 60 (12 years) and if so what will be the tax implications?

Any advice would be greatly appreciated.

Re: Australian Superannuation, what to do with it?
 

It will stay in your super account until you reach an age at which you can access it. Then you can choose a lump sum, regular payments etc.

Make sure any insurance associated with it ( eg life insurance, income protection) has definitely been cancelled as you are no longer covered by it as a non-resident.

Re: Australian Superannuation, what to do with it?
 

Thank you, would it be easy to draw down from that pension and have a uk one? Or would it be a tax nightmare?

Re: Australian Superannuation, what to do with it?
 

Can't help you there I'm afraid, though other posters may be able to.
I was old enough when I left to withdraw the whole lot, and turn it all into savings, so no tax implications as I moved it home before I left.

Lots of previous threads on super so have a look back at previous threads :)