We are planning on leaving Australia next year indefinitely. We may be back in a few years but maybe not. So, I know the rules state that if you are an Australian citizen you cannot take your super with you if you are returning to the UK or Ireland. So, the lump sum myself and my partner have will have to stay in a fund here. However, since we will not be paying into the fund it is going to suffer from heavy loss from fees and charges.
So, I am thinking of consolidating both super accounts into one account that charges very low fees, put it into an aggressive growth fund and leave it there for 25 - 35 years as we are not going to be retiring any time soon. Can anyone think of funds like this?
Alternatively there is a SMSF but you will have to manage this yourself and file tax returns on it. Not sure how feasible this would be.
Seems options are few and far between for those wanting to leave Oz.