Transfer Superannuation To KiwiSaver
Simplifying Your Retirement Savings With A Transfer
If you’ve worked overseas in countries like Australia or the UK, then you may have accumulated superannuation funds or an Australian super fund balance. Handling your superannuation schemes alongside your KiwiSaver may sound complex, so luckily, you have a straightforward solution to improve your financial performance – transferring these funds to your KiwiSaver.
We at Strategic Wealth specialise in helping individuals navigate the complex world of finances and savings, including handling the complexities of transferring overseas superannuation into KiwiSaver.
Why Should You Transfer Your Superannuation To KiwiSaver?
First, why should you take this route? What benefit can it have for your financial performance? Managing savings spread across different countries can be challenging, confusing and frustrating. Instead, complying superannuation savings into your KiwiSaver scheme offers several advantages:
Simplified Financial Management
The most prominent benefit of moving your superannuation to KiwiSaver is simplified financial management. You can also reduce paperwork and make it easier to streamline your finances by complying super money into your NZ scheme. If you have other financial matters that you’re also dealing with, such as an investment portfolio, then this is one way you can make your finances a bit more simplified for your convenience.
Potential Cost Savings
Maintaining Australian retirement superannuation scheme accounts overseas can result in high management fees and potential administrative costs. However, transferring these accounts to KiwiSaver can help reduce these expenses and improve your overall returns. Remember that while these fees may seem small at first, they can add up over time, resulting in more money in your bank and your chosen KiwiSaver scheme.
Access To New Zealand Benefits
KiwiSaver offers several benefits for New Zealand residents, including contributions from your employer and the New Zealand government. You can gain access to these advantages when you transfer your Australia super to your KiwiSaver scheme, potentially maximising the growth of your savings.
Tailored Investment Options
KiwiSaver provides a range of funds that are tailored to different risk tolerances and financial goals, making it easier to choose a fund that aligns with your savings goals. At Strategic Wealth, we can go over your available New Zealand funds and discover which fund is the best option for you.
What To Expect From The Transfer Process
We will be here to guide you through every step of the superannuation fund transfer process, ensuring that it’s as smooth and stress-free as possible for you. We know that finances can be stressful, so we will be here to guide, support and clarify anything you need.
The Initial Consultation
First, we begin every transfer process with an in-depth consultation. This allows us to understand your unique situation so we can tailor our services to meet your needs. We can discuss the type of Australian-sourced savings you have and wish to transfer, your overall financial goals and the feasibility and benefits of transferring your funds to your KiwiSaver scheme.
Assessing Your Transfer Options
Once we understand your situation and your objectives more, we can conduct a thorough analysis to determine the best course of action for you. This can include checking the regulations and conditions for transferring your specific superannuation and evaluating the fees, taxes and currency exchange factors involved.
Managing The Transfer From Superannuation To KiwiSaver
We will be happy to handle the administrative tasks associated with transferring your funds, such as liaising with your overseas Australian provider and coordinating with your chosen KiwiSaver provider. Our financial advisers act as intermediaries for you, simplifying the process while doing what we can to ensure the results you want.
Why Choose Strategic Wealth For Your Transferring Needs?
Expertise In Superannuation Transfers
We have handled Australian super to KiwiSaver scheme transfers before, and we look forward to helping more clients in the future with their transfer needs. We understand the many intricacies and complexities of international regulations, and we will handle your transfer with precision. We stay up to date with relevant regulations so that our work is always applicable to our clients’ needs.
Investment Management - Making Smart Investments That Grow Over Time
Everyone’s financial situations, funds and retirement savings goals are different, so why settle for generic advice? We take the time to fully understand your financial situation and your objectives before we begin any work. This way, we can personalise our recommendations and services to properly align with your short- and long-term goals.
KiwiSaver And Australian Super - Saving For A Brighter Future
We offer you full, continuous support. From assessing your initial options to managing the transfer, we will be with you every step of the way. Even after your Australian savings are transferred from your Australian superannuation to your NZ scheme, we will still be here if you need additional support or if you would like to enquire about any of our other financial services. Together, we can perform annual reviews of your finances, consider options for your New Zealand business, devise tax strategies, go over banking needs and more.
Taking The Next Step Towards A Simpler, Better Financial Future
Transferring your superannuation to your KiwiSaver scheme can help you further take control of your retirement savings, setting yourself up for an amazing retirement.