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Get started.

You may qualify if:

  • You've moved back to New Zealand (or emigrated here) from Australia; and
  • You've got savings in an Australian complying Superannuation scheme (self-managed super funds and defined benefit funds are excluded).

Should I transfer?

It may pay to consolidate your retirement savings into your Westpac KiwiSaver Scheme. Here are a few things to consider:

  • Easier to keep track of
    Having all your retirement savings in one country and in one currency, means you'll always know where you're at.
  • One set of fees and charges
    You usually pay management fees or charges on investments. Transferring and combining your funds may reduce the overall amount you pay.
  • Transfer fees and benefits
    It pays to look into any Australian benefits you may miss out on through withdrawing and transferring, and any fees you may need to pay to your Australian provider/s. Westpac does not charge you any transfer fees.

Important to know:

  • Any money you transfer from your Australian Super to your Westpac KiwiSaver Scheme does not earn Government contributions
  • Transferred money cannot be withdrawn for a first home purchase
  • If you are emigrating to Australia, the money can be transferred to an Australian complying superannuation scheme
  • If you emigrate to another country (other than Australia) the money cannot be included in a permanent emigration withdrawal
  • Transferring your Australian money to a New Zealand KiwiSaver Scheme means you'll pay tax on your investment returns at your designated New Zealand rate. Check your PIR (Prescribed Investor Rate).

How do I transfer?

1

Join KiwiSaver before you transfer

If you don't already have a Westpac KiwiSaver Scheme Account, and you want to transfer your Australian Super to the Westpac KiwiSaver Scheme, you'll need to join before you can transfer your savings. You can join through online banking if you have Westpac One® online banking set up. Or you can find the application form at the back of the Westpac KiwiSaver Scheme Product Disclosure Statement.
Product Disclosure Statement
2

Contact your Australian Super provider(s)

They'll let you know what they need and can give you any forms or documentation. If they need any Westpac details, please call our KiwiSaver specialists on 0508 972 254. If you have more than one Australian Super account, you'll need to contact each provider.

Payment instructions for Australian provider by telegraphic transfer:

Bank Name: Westpac New Zealand Limited
SWIFT Code: WPACNZ2W
Account Name: BTNZ KiwiSaver Nominees Limited
Account Number: 03-0104-0588267-05
Payment Reference: Your IRD number and KiwiSaver member number (we need this to identify your payment).
3

Your account is set up

Once the funds have been transferred from Australia and have been deposited into your Westpac KiwiSaver Scheme account, we'll be in touch to confirm you're all set up.

Quick help.

Next steps.

Join the Westpac KiwiSaver Scheme

You'll need to set up your Westpac KiwiSaver Scheme account before you start the transfer process.

Get started

Talk to a specialist

Get in touch to talk about KiwiSaver with an expert.

Talk to us

Westpac KiwiSaver Scheme forms

Need something else? Simply download the form you need.

All KiwiSaver forms

Things you should know.

References to non-Westpac websites are provided for your convenience only. Westpac accepts no responsibility for the availability or content of such websites.

BT Funds Management (NZ) Limited is the scheme provider and Westpac New Zealand Limited is the distributor, of the Westpac KiwiSaver Scheme (Scheme).

The information above is subject to changes to government policy and law, and changes to the Scheme from time to time.

Investments made in the Scheme do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited or other members of the Westpac Group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested. None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac Group of companies, The New Zealand Guardian Trust Company Limited (as supervisor), or any director or nominee of any of those entities, or any other person guarantees the Scheme's performance, returns or repayment of capital.

For a copy of the Product Disclosure Statement or more information about the Scheme, contact any Westpac branch or call 0508 972 254 or from overseas +64 9 375 9978 (international toll charges apply). You can also download the Product Disclosure Statement.

The ratings issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings) for the Westpac KiwiSaver Scheme, Gold is as of 13 October 2020. SuperRatings does not guarantee the data or content contained herein to be accurate, complete or up-to-date, and it will not have any liability for its use or distribution. Ratings are not a financial adviser service under the Financial Advisers Act 2008 Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. SuperRatings uses objective criteria and receives a fee for publishing awards. Visit superratings.com.au for ratings information and to access the full report. © 2020 SuperRatings. All rights reserved.