I'm 61 years old, dual U.S./AUS citizen, born in U.S., Self employed and currently consulting in the U.S., I want to take a lump Sum withdrawal from my Super to consolidate my retirement funds in the U.S.. so they can be managed by U.S. financial planner/management firm. I have no plans to return to Australia to live. Am I allowed to take a lump sum withdrawal of my Super even though I am still consulting in the U.S.? Do I meet the definition of retired by the ATO given I am no longer collecting an income in Australia and am not an Australian resident for tax purposes?
420 views
420 views2 replies
2 replies
420 views
2 replies