- Are there tax implications when transferring Australian Super to my KiwiSaver account?
Frequently Asked Questions
Are there tax implications when transferring Australian Super to my KiwiSaver account?
No tax is charged on the transfer itself. However, once your funds are in KiwiSaver, they are subject to New Zealand tax rules (via your Prescribed Investor Rate, or PIR).
You can’t withdraw transferred Australian Super until you reach Australian preservation age (60) or meet a condition of release such as for a serious illness or financial hardship withdrawal. You also cannot use transferred Australian Super towards the purchase of your first home.