Overseas Pension (Accumulation Phase) Tax Declaration

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(Newbie)Newbie

5 Apr 2021

Hello there,

I am currently an Australian tax resident and in addition to my Australian superannuation, I have several other pensions overseas from previous employment outside Australia as well as from personal contribution. These overseas pensions are all still in the accumulation phase and will not be able to be withdrawn until I reach retirement age in each of these respective countries.

My question is - do I need to declare the gains (accumulated within the pension fund) from these overseas pensions in my Australian tax return? My understanding is that this is not required as this is unrealised income but I just wanted to be sure.

Thanks,

yyt

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