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Pension Transfer to Australia


ZAN

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Hi to everybody.

My wife, son and I came from Canada and

became citizens 6 months ago. I worked in Canada since I

was 14, and I'm 44 now. Please can anyone tell me

how I can transfer my retirement funds to Australia

before age 65?

Also how do I find out how much Canadian retirement funds

I have?

Thank you, ZAN

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Hello Zan

 

It is possible to transfer foreign superannuation funds to Australia and this may or may not be beneficial depending on the type of Canadian Scheme you have.

 

However I am not familiar with how Canadian pension fund work and/or the tax implications of moving the scheme out of Canada (or if it is even possible).

 

I think it may pay to discuss this with a Canadian Financial Adviser in the first instance to understand if it is possible and the implications that may be involved.

 

Regards

 

Andy

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