Hi All,
I was wondering if anyone knew if it is possible to access funds in an Aus super fund if moving overseas indefinetely?
I have read various articles but a lot of the terminology has been flying over my head.
I would really like to buy my first IP and am currently saving for the deposit. In September I have plans to go overseas and work for an indefinite period of time (dual citizenship). If it is possible to access my super by leaving the country (and becoming a non-resident), I was hoping to use the money in my super fund (which seems to be down 1k not including lost interest) as part of a deposit.
If anyone could shed some light on this topic it would be greatly appreciated (is it possible and/or what are the conditions).
Thanks in Advance,
Sarah
I beleive you have to leave permanently. They are wise to many people going overseas termporarily and claiming they have gone forever, so the rules have tightened up. I think you will find this info and the ATO site.
Terryw
Discover Home Loans
Parramatta
[email protected]
Sign up to my mailing list.
Just send me a blank email, with “subscribe†in subject line.Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Hi sarah – it does have to be a permanent shift and only certain countries – check out the ato site.
I Buy Property http://www.cashflowproperties.co.nz
Don Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me"I think of finance as a technology, a way of getting things done." Robert Shiller
You must be logged in to reply to this topic. If you don't have an account, you can register here.
