Guest Aldo Posted May 13, 2008 Share Posted May 13, 2008 I have been paying into a Super fund for nearly a year and wondered what happens to this when i go. Link to comment Share on other sites More sharing options...
Quoll Posted May 13, 2008 Share Posted May 13, 2008 If you are a temporary resident then you can apply to take it with you. If you are a permanent resident then it basically just stays there until you hit retirement age and then you can access it. I guess they figure that a person with permanent residency could come back at some time and may need it in their retirement. Basic information here Link to comment Share on other sites More sharing options...
joetrac Posted May 13, 2008 Share Posted May 13, 2008 It all depends on your Visa type. If your PR you can claim nowt back :arghh: but if you are on a temporary visa you can get it back...not sure but I think they deduct tax first. Link to comment Share on other sites More sharing options...
Jo&Rich Posted May 14, 2008 Share Posted May 14, 2008 Can it not be transferred into a UK pension fund, like UK pensions can be transferred to Australian super funds? If not, that is a bugger:realmad: Jo Link to comment Share on other sites More sharing options...
The Broughtons Posted May 17, 2008 Share Posted May 17, 2008 Can it not be transferred into a UK pension fund, like UK pensions can be transferred to Australian super funds? If not, that is a bugger:realmad:Jo Once you have transferred your UK pension into an Aussie super you cannot get that back to the UK so be warned. We have started the ball rolling on moving our pensions but it is frozen at the moment. One, to make sure we get a decent exchange rate - it is our future money pot after all and two, just to make sure that we really do want to be here until we are old and grey (well too late for OH he is old and grey already LOL!) Felicity:cute: Link to comment Share on other sites More sharing options...
Jo&Rich Posted May 17, 2008 Share Posted May 17, 2008 Once you have transferred your UK pension into an Aussie super you cannot get that back to the UK so be warned. We have started the ball rolling on moving our pensions but it is frozen at the moment. One, to make sure we get a decent exchange rate - it is our future money pot after all and two, just to make sure that we really do want to be here until we are old and grey (well too late for OH he is old and grey already LOL!) Felicity:cute: Wow, thanks for that! Hubby's frozen his too for now, too be sure as well. Jo x Link to comment Share on other sites More sharing options...
Guest AndrewL Posted May 17, 2008 Share Posted May 17, 2008 Once you have transferred your UK pension into an Aussie super you cannot get that back to the UK so be warned. We have started the ball rolling on moving our pensions but it is frozen at the moment. One, to make sure we get a decent exchange rate - it is our future money pot after all and two, just to make sure that we really do want to be here until we are old and grey (well too late for OH he is old and grey already LOL!) Felicity:cute: You can but only if you have never applied for PR or been granted citizenship. And you lose 30% of the fund's value. Cheers, Andrew Link to comment Share on other sites More sharing options...
Guest Pinhead Posted May 27, 2008 Share Posted May 27, 2008 I believe that even if you have PR if you have no intention of ever returning to the country you can after 5 years of leaving Oz apply to have the funds paid to the UK. Temporary residents can apply for an immediate refund. I've no idea whether you have to have it paid into another fund or if there is a tax on it. It was on some of the the literature I got from my Super when I first joined. I would contact your Super administrator explain your situation and ask what your options are. Link to comment Share on other sites More sharing options...
Guest sejsonic Posted March 7, 2010 Share Posted March 7, 2010 Hi everyone We recently rang our super fund to ask questions on the funds when returning to UK and they said to visit www.ato.gov.au fill the necessary forms in and when you leave australia send them and they will send you a cheque. Link to comment Share on other sites More sharing options...
Guest Guest37175 Posted March 7, 2010 Share Posted March 7, 2010 Hi everyoneWe recently rang our super fund to ask questions on the funds when returning to UK and they said to visit www.ato.gov.au fill the necessary forms in and when you leave australia send them and they will send you a cheque. Thanks for that useful bit of info. Will deffo look into that before we head home. Link to comment Share on other sites More sharing options...
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