Under the Trans-Tasman Portability (TTP) agreement between Australia and New Zealand, members of certain Australian superannuation schemes who have permanently immigrated to New Zealand are able to transfer their savings to a compatible KiwiSaver Scheme. We help to take the hassle out of a process, which requires complicated forms, liaising with Australian superannuation fund managers and dealing with contact centres during Australian office hours to get the job done.
We have been facilitating TTP transfers since legislation’s inception, making us one of the most experienced firms at TTP transfers in the country. We have helped numerous clients, regain control of thousands of their dollars and successfully transfer them to KiwiSaver
If you can’t remember who your super was paid to, contact your former employer or colleagues to find out the name of your fund manager. If you have had multiple jobs, you may also have multiple super accounts.
You should also check with the Australian Tax Office (ATO) to see if they are holding any of your super funds. If you changed addresses and your fund manager could not locate you, or changed jobs and had a small account balance, the funds left behind can be transferred to the ATO.The Money Smart website provided by the Australian government helps you find your lost Super and consolidate it. We strongly suggest that all clients go through this process, before lodging a transfer.
Please call the Australian Tax Office on +0061 2 6216 1111 between 10am and 7pm New Zealand time. In some instances, you may be required to complete a form and send it to them with certified identification.
You must have permanently immigrated to New Zealand and be able to provide evidence of this. A statutory declaration will need to be completed and authorised by an approved officer under the Statutory Declarations Act.
You must be a member of a KiwiSaver scheme that has agreed to accept trans-tasman payments from Australian Superannuation schemes. If you don’t have a KiwiSaver account, check out the basics on our KiwiSaver page or give us a free call to get started on 0800 89 4688.
Australian funds transferred to your KiwiSaver account will be subject to KiwiSaver rules and regulations; however some Australian Superannuation rules will still apply:
Australian transferred funds will not be subject to entry and exit taxes. Different tax rates and rules apply in each county and your retirement savings will be subject to the taxation rules in New Zealand once transferred. Before you decide whether or not to transfer we recommend you seek independent tax advice.
You may have income protection or death and total permanent disability insurance attached to your Superannuation account in Australia. Your cover will cease if you transfer, so you should conduct a review of your insurances to ensure you remain protected post-transfer. This service is provided to all of our TTP clients as part of our best practice processes.
Super-Advice is a great asset to work with in providing protection with insurances and lifting the financial literacy, capability and wellness of our membership. The key to success in these areas is the ability of Super-Advice to frame the conversation in a way that our members understand.
Firstly I would to thank my employer TranzLiquid Logistics for putting in place the opportunity to be part of the Super Advice scheme - just another one of the amazing ways they look after their staff.My dealings with Super Advice I cannot fault. The team and the service they provide is outstanding and exceeded my expectations.
R J Doughty Ltd is pleased to endorse Super-Advice NZ as a key component of R J Doughty’s attraction and retention program. This has proved very valuable in showing our staff that we care about the well-being of our team outside of the workplace. Super-Advice go the extra mile and help us to deliver on being an employer of choice.
The packages arranged by Super-Advice have cemented with our valued operators that we are a forward-thinking employer that has a genuine interest in looking out for our team.
Jeremy and the Super-Advice team worked with our members to provide ideas and strategies pertaining to the attraction and retention of employees, and we have received nothing but positive feedback. We have no hesitation in recommending our Premium Partners Super-Advice.
Jenni look I can honestly say that dealing with you has been a fantastic experience, you made it so easy for me to transfer my Australian super fund back to NZ. Your fees were more than fair. Truly a great experience.
Super-Advice is precisely what they deliver. Jenni was awesome, great communication with efficient systems in place.
Without Super-Advices Services we doubt whether the funds would have been transferred and would not hesitate to recommended them to any person wanting to transfer funds back to New Zealand.
Allan Rickerby and his team made the process of moving this super to NZ really straight forward. I can only speak highly of his and Jenni Cleland's efforts and thoroughly recommend them for anyone seeking advice for Superannuation in NZ. Thanks guys!
If you don't have an account contact us now to open one. Not all KiwiSaver Schemes are accepting transfers of Super from Australia.