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KiwiSaver transfers to Australia

First Super is one of the few Australian super funds that can accept a KiwiSaver transfer to Australia. We do not charge a fee for accepting your KiwiSaver into your First Super account.

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



How to transfer your KiwiSaver to First Super

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.**
  • Send the paperwork to mail@firstsuper.com.au or mail First Super, PO Box 666, South Carlton, VIC 3053.

*If you’re not a First Super member, you will need to join First Super to get your member number before starting the transfer. You can start the joining process here or contact our Member Services Team for help.

 

**You will need to check with your KiwiSaver fund to see if they will charge any fees for transferring funds on your behalf.

 


When the transfer is completed

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.

 

FAQs

How long does it take to transfer my KiwiSaver to First Super?

It can take approximately 4-6 weeks to transfer your KiwiSaver account into your First Super account. Our Member Services Team will work with you and your KiwiSaver fund to speed up the process.

If you have any questions, call our Member Services Team on 1300 360 988 or complete a call back request.

Can I switch my employer contributions to First Super?

Yes. After becoming a member, you can switch your employer contributions (SG contributions) to your First Super account. To nominate First Super as your choice of fund, please complete the Pay My Super to First Super form and give it to your boss.

If you have any questions, call our Member Services Team on 1300 360 988 or complete a call back request.

How do I move my other Australian super accounts to First Super?

If you have more than one Australian super account, you’re paying multiple sets of fees. This can eat away at your super savings and leave you with less for retirement.

To combine* all your super accounts, you can:

  • Log into your firstonline account and go straight to ‘Find Lost Super’ or ‘Roll in your super’ from the ‘My Transactions’ section.
  • Complete and return a Roll In Your Super
  • Speak to our Member Services Team on 1300 360 988.

*Before deciding to combine super balances, you should consider any change to insurance cover or loss of benefits that may apply and, if necessary, consult a qualified financial advisor.

 

What if I don’t have an Australian Tax File Number?

You will need an Australian tax file number (TFN) to transfer your retirement savings to an Australian super fund. If you don’t have a TFN, you can apply for one from the Australian Taxation Office website.

Can I transfer my KiwiSaver to any super fund in Australia?

No. You may only transfer retirement savings between a complying super fund regulated by the Australian Prudential Regulation Authority (APRA) that accepts KiwiSaver transfers and a New Zealand KiwiSaver scheme. Also, your KiwiSaver cannot be transferred to a self-managed super fund.

First Super is a complying super fund that accepts KiwiSaver transfers.

Can I transfer my KiwiSaver to a third country?

No. You can’t transfer your KiwiSaver to a third country.

Is there a limit to how much I can transfer from New Zealand to my Australian super fund?

The limit on how much you can transfer from a KiwiSaver scheme to an Australian super fund depends on your non-concessional contributions cap. This is $110,000 for the 2021/22 financial year or $330,000 if you are under age 65 by triggering the bring-forward rule. There are limits on this if you have more than $1.48 million in super.

First Super will treat your contributions as non-concessional (personal) contributions. So they will be subject to the non-concessional contributions cap. If you exceed the cap, you will be liable for excess contributions tax.

If I do a KiwiSaver transfer to Australia, what does it mean for me in terms of income tax on the transferred monies?

A transfer from a New Zealand KiwiSaver scheme to a participating Australian super fund is not taxed. You can also withdraw the funds tax-free from your super account once you’re legally allowed to access them.

Any savings you transfer to an Australian super fund are not tax deductible as a personal contribution.

Transfers are not eligible personal contributions for the purpose of receiving the super co-contribution for low-income earners.

Transfers are also not eligible for a spouse contribution tax offset.

If I transfer my KiwiSaver savings to my First Super account, can I use that money to access the First Home Super Saver Scheme (FHSS)?

Certain KiwiSaver and other foreign fund transfer amounts are eligible contributions for calculating your maximum FHSS release amounts. For more information see the Australian Taxation Office’s (ATO) Guidance Note 2018/1 First home super saver scheme.

Ultimately, the decision about whether your KiwiSaver savings are eligible for the FHSS Scheme rests with the ATO. First Super isn’t able to make this decision or provide any advice as to whether or not you can access the FHSS Scheme with money transferred from a KiwiSaver scheme.

What happens if I leave my savings in my KiwiSaver scheme?

If you have moved to Australia, you can leave your New Zealand retirement savings in your KiwiSaver scheme. Transferring your KiwiSaver account to an Australian super fund is totally up to you. However, any contributions you make to your KiwiSaver account while living in Australia will not be eligible for member tax credits in New Zealand.

If I transfer my KiwiSaver savings to an Australian super fund, when can I access them?

You can access the New Zealand part of your savings when you reach New Zealand’s retirement age, currently age 65. Any investment earnings on these KiwiSaver funds, plus the contributions made while in Australia, will be subject to all Australian rules regarding access to your super savings.

What happens to my retirement savings if I move back to New Zealand?

If you move back permanently to New Zealand, you can transfer your retirement savings back to New Zealand too. There are no limits to how much you can transfer from an Australian super fund to a New Zealand KiwiSaver scheme. However, again, you must transfer the whole balance of your Australian super fund account.

 

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.