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Transfer your Australian Super.
Find out if you can bring your Australian Super back to NZ and how to transfer to the Westpac KiwiSaver Scheme.
Bringing my Australian Super to New Zealand.
If you've worked in Australia at any time since 1992, you'll probably have Australian superannuation savings. Moving back to New Zealand means you may be able to transfer your savings to the Westpac KiwiSaver Scheme. Just note, we're currently unable to accept transfers from UK pensions.
Benefits.
Easier to keep track of
Having all your retirement savings in one country and in one currency, will give you a clear picture of where your investment is at. Transferring your Australian Super to the Westpac KiwiSaver Scheme also means you'll be able to view and manage your account anytime with Westpac One® digital banking.
One annual fee
A management fee is usually charged on investments. Transferring and combining your funds may reduce the overall amount you pay. The Westpac KiwiSaver Scheme also has just one annual fund fee and some of the lowest KiwiSaver fees in New Zealand,1 so you keep more of the money you invest for your future.
Before you start.
To apply to transfer your Australian Super back to New Zealand, you’ll need to have:
- Moved back to New Zealand (or emigrated here) from Australia
- Savings in an Australian complying Superannuation scheme (self-managed super funds and defined benefit funds are excluded).
Considerations
- 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.
- 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- Transferred money cannot be withdrawn for a first home purchase.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. Easily find your prescribed investor tax rate through the IRD.
How do I transfer?
Join the Westpac KiwiSaver Scheme
Contact your Australian Super provider(s)
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 Westpac KiwiSaver Scheme member number (we need this to identify your payment).
If you're unsure of your Westpac KiwiSaver Scheme member number, contact our KiwiSaver Specialists on 0508 972 254.
Your account is set up
Next steps.
Join the Westpac KiwiSaver Scheme
You'll need to set up your Westpac KiwiSaver Scheme account before you start the transfer process.
Westpac KiwiSaver Scheme forms
Need something else? Simply download the form you need.
Quick help.
Things you should know.
1 This claim is based on our review of annual fund charges across a range of fund types (e.g. conservative, balanced, and growth) offered by a comparison group of 15 KiwiSaver providers, with a range of investment styles including active, passive and blended (both active and passive).
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 issuer and Westpac New Zealand Limited is a 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.