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DASP accessing super early as a New Zealand citizen living permanently in the UK

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Hello

I am a New Zealand citizen who worked in Australia for a few years before moving permanently to the UK. What will happen to my super because I can't transfer it to New Zealand under the trans-Tasman agreement as I'm not living there? If I stay living in the UK will my super just sit in my fund until I reach the retirement age?

Thanks in advance

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ATO Certified

Enthusiast Super Specialist

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Hi @mmee

 

As you’re a New Zealand citizen this means you do not require a visa to enter Australian and, do not meet the eligibility criteria to access your funds under the Departing Australian Superannuation Payment (DASP) option.

 

At this point in time, if you do not qualify to have your funds transferred to New Zealand under the Trans-Tasman retirement savings portability scheme, your Australian super funds will need to remain in a complying superannuation fund until eligible to access.

 

Hope this helps,

Mark

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Best answer

ATO Certified

Enthusiast Super Specialist

Replies 2

Hi @mmee

 

As you’re a New Zealand citizen this means you do not require a visa to enter Australian and, do not meet the eligibility criteria to access your funds under the Departing Australian Superannuation Payment (DASP) option.

 

At this point in time, if you do not qualify to have your funds transferred to New Zealand under the Trans-Tasman retirement savings portability scheme, your Australian super funds will need to remain in a complying superannuation fund until eligible to access.

 

Hope this helps,

Mark

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Sorry to hijack this thread. A burning question here - if I were to renounce my Australian Citizenship, how do I access my Super when I reach preservation age? What do I need to do, in order to prove my identity to the Super fund?

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Hi @shwong84

 

Thanks for your post.

 

Assuming that you intend to access your super in accordance with the retirement condition of release (refer to our website), you would need to submit your application to your super fund, unless it has been transferred to us.

 

Your super fund needs to be satisfied that you have met the retirement rules before they can release your super to you. You would need to prove your identity in accordance with their requirements.

 

If you're not sure what their requirements are, we recommend that have a look at your super fund's website. If you can't find the answer, you may need to give them a call.

 

Hope this helps.

 

Thanks, ChrisR