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401 k

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Hi

I am an Australian citizen and a resident for tax purposes for the last 15 yrs.  I'm now 60 years old.

 

I worked in the US some 20 years ago and have a 401k account. I wish to withdraw my 401k and move the money here in Australia. What are my options?

 

Are there tax implications?

 

What are my tax obligations in Australia? any additional information or catches I need to be aware of? 

 

Thanks

 

 

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Most helpful response

ATO Certified Response

ATO Community Support

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Hi @YP_RFG,

 

We've answered a similar question to this on a previous thread that runs through the relevant tax obligations. Have a read through that and let us know if you have any further questions.

 

Hope this helps.

1 REPLY 1

Most helpful response

ATO Certified Response

ATO Community Support

Replies 0

Hi @YP_RFG,

 

We've answered a similar question to this on a previous thread that runs through the relevant tax obligations. Have a read through that and let us know if you have any further questions.

 

Hope this helps.