Frequently Asked Questions

Yes, in some cases. To be eligible, you must:

• be aged 60 years or over; AND

• have ended your employment after reaching age 60; or

• have retired and intend to never again be in paid employment for more than 10 hours per week

You will receive only the Australian amount transferred, not any investment returns. There is no tax to pay on the transferred balance prior to it being invested in your KiwiSaver account. However, once it is invested the balance is subject to New Zealand tax just like KiwiSaver earnings are.

Note: You can choose to withdraw your savings from KiwiSaver at any time once you reach age 65 regardless of your employment status. If you do so you will no longer be eligible for any Government or compulsory employer contributions.

The required form is here.