Transfer your KiwiSaver to First Super. All your money, all in one place. That's choice.
Transfer your KiwiSaver to First Super. All your money, all in one place. That's choice.

Join First Super today. We’re one of the few Australian super funds that can accept a transfer of your KiwiSaver account.

Avoid wasteful fees and taxes on your KiwiSaver and consolidate your money for retirement. Bring your balance across the ditch to First Super today.

Note:

  • First Super is one of only a handful of superannuation funds which accepts KiwiSaver Transfers.
  • By law, KiwiSaver balances cannot be rolled into a superannuation fund that does not accept KiwiSaver.
  • KiwiSaver account balances can only be rolled into another superannuation fund that accepts KiwiSaver Transfers.

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WORKED IN NZ AND NOW IN AUS?

BRING YOUR KIWISAVER BALANCE ACROSS THE DITCH WITH FIRST SUPER.

We’re proud to offer our members the security that comes with the consolidation of your KiwiSaver and superannuation balance – all in one account.

If you’re not a First Super member and want to join online, click on the button above.

AVOID WASTEFUL FEES AND TAXES

If you’re about to become a non-resident of New Zealand for tax purposes (‘officially’ moved to Australia!) or are already living in Australia, consider transferring your KiwiSaver to a KiwiSaver-accepting fund such as First Super, to save on admin fees and taxes.

If you leave your KiwiSaver in New Zealand, it will be taxed at a rate of 28% on the investment earnings in your KiwiSaver each year. Plus, you’ll be paying annual admin fees.

If you transfer your KiwiSaver to a KiwiSaver-accepting fund, investment earnings will be taxed at 15%. Admin fees still apply, but if you combine your KiwiSaver and Superannuation into a KiwiSaver accepting fund such as First Super, not only will you enjoy the benefits of compound interest, but you’ll also only pay one set of administration fees.

KiwiSaver in Australia

It’s important to understand that once you transfer your KiwiSaver into First Super, it can only be transferred to another KiwiSaver-accepting fund, of which there are only a handful. By law, you cannot move it from your new Superannuation fund to a fund that doesn’t take KiwiSaver.

If you move back to New Zealand you can transfer both your KiwiSaver and Australian Superannuation back to a KiwiSaver fund.

HOW DO I BRING OVER MY KIWISAVER BALANCE?

To transfer your KiwiSaver to First Super, you must:

  • be (or become) a First Super member*
  • have an Australian Tax File Number (TFN)
  • provide your home address in Australia
  • transfer your whole KiwiSaver balance
  • tell your New Zealand KiwiSaver fund you want to transfer your KiwiSaver to Australia. You will need to complete their KiwiSaver transfer form and fulfil any of the fund’s requirements**
  • contact First Super by phone 1300 360 988 to have an acceptance confirmation document provided, and to discuss any other requirements
  • send the paperwork to mail@firstsuper.com.au or mail First Super, PO Box 666, South Carlton, VIC 3053.

HOW DO I KNOW THE TRANSFER IS COMPLETE?

Once First Super receives your paperwork and the transfer of your KiwiSaver is completed, we will send you a letter to confirm:

  • that we received the roll-in and the date we received the funds
  • the total funds received from your KiwiSaver

 

BRING YOUR BALANCE ACROSS TO FIRST SUPER TODAY.

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FAQs

Which super fund can you transfer your KiwiSaver to?

  • You can only transfer your KiwiSaver to an Australian Prudential Regulation Authority (APRA) super fund which accepts KiwiSaver transfers
  • Out of 100+ superannuation funds in Australia, only a handful accept KiwiSaver transfers
  • First Super is one of the few which accepts KiwiSaver transfers
  • It is not compulsory for a superannuation fund to accept KiwiSaver transfers
  • You cannot transfer to an SMSF as these are regulated by the ATO and not APRA

How long does the transfer process take?

It takes approximately between 2-6 weeks from when your KiwiSaver fund receives all the correct documentation.

What to expect:

  • Your KiwiSaver fund will process your KiwiSaver transfer. They will send you a notification once they have sent your transfer to First Super.
  • Your KiwiSaver transfer will arrive in Australia and be converted into Australian dollars. It will then be allocated to your account. This takes a few days. Investment earnings will be back dated to the date on which our bank receives your KiwiSaver transfer.
  • We will send you a confirmation letter when your KiwiSaver transfer is in your account. Your KiwiSaver balance will be in Australian dollars.

> KiwiSaver Transfer process

How much can I transfer?

When you transfer your KiwiSaver to Australia you must transfer the whole balance.

  • Under the legislation, your KiwiSaver Transfer is considered a personal after-tax contribution.
  • There are limits on how much personal after-tax contributions you can make to your superannuation account in each financial year. The current FY 2024-25 limit is AUD $120,000.
  • However, you may transfer up to AUD $360,000 in one move under the Bring Forward rule. The Bring Forward rule allows you to make up to three years’ worth of after-tax contributions in a single year. The rule limits the amount of after-tax contribution you make in the subsequent three years.
  • If you exceed the limit, you’ll have to pay excess contribution tax.

First Super fees

First Super does not charge KiwiSaver transfer or exit fees, however like all superannuation funds in Australia there are administration fees for managing your account.

Foreign exchange

It’s important to note foreign exchange rates and fees apply with KiwiSaver transfers.

We use the currency exchange rates from NZD to AUD on the day we receive the funds.

Exchange rates change daily. We use wholesale foreign exchange rates which provides more favourable rates than retail. A small bank fee of up to AUD $15 is charged for processing the foreign exchange.

Your KiwiSaver fund may charge a transfer fee

To avoid any surprises later on, we recommend you check with them before you start the KiwiSaver transfer process.

I have transferred my KiwiSaver to a KiwiSaver accepting fund in Australia. Can I then move it to a different fund or SMSF?

Once your KiwiSaver is in Australia, you can transfer it to a different superannuation fund, however the fund you transfer it to must be another APRA KiwiSaver accepting fund.

You can transfer your Australian superannuation component in your superannuation account to another superannuation fund or SMSF.

Once your KiwiSaver is in Australia

  • Once your KiwiSaver is in Australia it is tagged. The tag allows super funds to identify the KiwiSaver component in your superannuation account.
  • Your KiwiSaver transfer will be shown in Australian dollars in your account.
  • Interest earned on your KiwiSaver transfer will be in Australian dollars. This will be added to your superannuation component within your super account and subject to Australian rules.
  • The balance of your KiwiSaver component will still be subject to New Zealand rules.

Can I use my KiwiSaver purchase my first home in Australia?

Even if you already own a home in New Zealand, you can still apply for the Australian First Home Super Saver scheme (FHSS) to purchase your first home in Australia.

The FHSS scheme is managed by the ATO.

> Read more KiwiSaver and FHSS

When can I access my retirement savings?

In your superannuation account, you will have your KiwiSaver transfer component and your superannuation component. Both are subject to different laws.

KiwiSaver component

This is subject to current New Zealand government regulation. Current New Zealand regulations allow you to access your KiwiSaver when you reach the age of 65.

Superannuation component

This is subject to current Australian government regulation. Earnings on investments made on your KiwiSaver component are allocated to your superannuation component. You can access your superannuation when:

  • You turn 60 and are fully retired, or leave an employment arrangement after age 60
  • You may have limited access through a Transition to Retirement account age between 60 – 65 years
  • You turn 65 regardless of whether you’re still working or not

Your superannuation is for retirement, but you may be able to access limited amounts of your super early on compassionate and other hardship grounds. This is subject to eligibility and Australian government regulations.

I have a super account with another fund. Can I move this to First Super?

Yes, you can combine all your other Australian super accounts with First Super2. Having all your super in one place means you’ll only pay one set of fees which can add up over time.

You can find and combine all your accounts online. Just log into your firstonline account.

> Log into firstonline

2Before combining super balances, check the conditions of your insurance and any other benefits. If necessary, seek financial advice if you’re unsure.

Can my employer contributions go into my First Super account?

Yes. Once a member you can ask your employer start paying employer contributions (SG contributions) into your First Super account.

Complete the Employee Choice of fund form and hand it back to your employer.

> Employee Choice of fund form

First Super fund details

  • Australian Business Number (ABN): 56 286 625 181
  • Superannuation Product Identification Number (SPIN) & Unique Superannuation Identifier (USI): FIS0001AU
  • Address: PO BOX 666, Carlton South, VIC 3053

What happens if I move back to New Zealand?

If you decide to move back to New Zealand, you can transfer your KiwiSaver and superannuation components back to a KiwiSaver scheme of your choice.

  • You will need a New Zealand Inland Revenue Department (IRD) number to transfer your retirement savings in an Australian superannuation fund to a KiwiSaver scheme.
  • You must transfer your whole balance
  • There are no limits as to how much you can transfer

> Transfers back to New Zealand

 

WE’RE HERE TO HELP. SO LET’S TALK.

If you would like help transferring your KiwiSaver to Australia, or have any other questions about your super, please call our Member Services Team on 1300 360 988, or email us.