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Tax

Special rules for Australian residents transferring superannuation funds from a New Zealand KiwiSaver scheme

Amanda Guruge, August 20 2021

Superannuation is the money set aside for your retirement. Since 1 July 2013, Australia and New Zealand have had reciprocal transfer schemes for superannuation funds between the two countries – referred to as the ‘Trans-Tasman retirement savings portability scheme. This allows for less hassle when you move within the Trans-Tasman bubble. However,...

Tax

Budget 2022- Residency changes

Bruce Collins, July 13 2021

Changes to Individual Residency Tests - Budget 2021-2022 Announcements Following recommendations from the Board of Taxation, the Government has announced in its most recent 2021-2022 Budget changes to the current individual residency tests. The modernisations of the changes is intended to take the complexity out of determining your residency status...