Moving Overseas + Super

Viewing 3 posts - 1 through 3 (of 3 total)

bliXy
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@blixy
Join Date: 2004
Post Count: 10
May 23, 2006 - 1:53 pm
Hi All,
I was wondering if anyone knew if it is possible to access funds in an Aus super fund if moving overseas indefinetely?
I have read various articles but a lot of the terminology has been flying over my head.
I would really like to buy my first IP and am currently saving for the deposit. In September I have plans to go overseas and work for an indefinite period of time (dual citizenship). If it is possible to access my super by leaving the country (and becoming a non-resident), I was hoping to use the money in my super fund (which seems to be down 1k not including lost interest) as part of a deposit.
If anyone could shed some light on this topic it would be greatly appreciated (is it possible and/or what are the conditions).
Thanks in Advance,
Sarah
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
May 23, 2006 - 10:37 pm
I beleive you have to leave permanently. They are wise to many people going overseas termporarily and claiming they have gone forever, so the rules have tightened up. I think you will find this info and the ATO site.
Terryw
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Don Nicolussi
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@don
Join Date: 2005
Post Count: 1,086
May 24, 2006 - 4:02 am
Hi sarah – it does have to be a permanent shift and only certain countries – check out the ato site.
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