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3 May 2024

Been living and working in Australia for 17 years.

I am a USA citizen and had worked in the US for over 30 years.

Looking to find out how to transfer my 401K balance to ny Super account.

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1,836 views
2 replies

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Most helpful replyATO Certified Response

Deb_ATO(Community Support)Community Support
ATO Certified Response15 May 2024

Hi @DanielWLyons


You'll need to check if your 401K allows for transfers. If they don't you can withdraw the funds and then deposit them into your Super.

We've got some further info about the tax treatment when withdrawing a lump sum directly. Check it out.

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Most helpful replyATO Certified Response

Deb_ATO(Community Support)Community Support
ATO Certified Response15 May 2024

Hi @DanielWLyons


You'll need to check if your 401K allows for transfers. If they don't you can withdraw the funds and then deposit them into your Super.

We've got some further info about the tax treatment when withdrawing a lump sum directly. Check it out.

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How can I transfer my US 401K balance to my Super account | ATO Community