I am setting up my own self managed superfund, the bank says I can have a savings account linked and can uses this to transfer money between accounts. I was just going to set it up to play the stock market for the last year I am here in Oz and hopefully increasing the value before I leave. Its only 20 grand, which after gov tax and charges will be about $13000 or 7k+ ukpound.
But the lady at the bank reckons that I will have access to the funds in the SMSF via the joint savings account.
So could this be the way to withdraw my super before I leave the country avoiding the 37% tax clawback when you quit Australia.
Anyone have any experience of this?