Quote:
Originally Posted by Marie1
Do you loose the money you have put in super if you return back to the uk?
|
No you never lose it but you may have different conditions for accessing it. If you are a temporary resident then you can apply to have your contributions paid to you when you leave. If however you are a permanent resident then your super just sits in your super fund until you reach the age at which you can access it - that depends on your birth date. At the moment you can access it at 55 but the younger you are the longer it will be before you can access it as they raise the age - heading towards 65 for our youngsters.
Once you have reached that age then you would need to check out what are the best ways of managing that money.