When will an overseas pension fund not be considered a ‘foreign superannuation fund’ under Australian law? The two big issues are generally whether the overseas fund is subject to ‘a condition of release’ - to wait until pension age (like in our super regime) and whether the offshore funds are held on ‘trust’ for the investor.
Read MoreSuperannuation is the money set aside for your retirement. When you move countries, it is important to understand what happens to your superannuation. In Australia, superannuation amounts from foreign super funds may be accepted to either a complying Australian super fund or you personally – however there are traps along the
Read MoreWhen can I access my super? Throughout your work life, your employer sets aside a portion of your wage into a superannuation fund towards your retirement. For some, this can add up to hundreds of thousands of dollars that are inaccessible until retirement. In our experience, for those who try to access their super prior to reaching the appropriate...
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