The Trans-Tasman Retirement Savings Portability scheme was set up on 1 July 2013 to allow individuals to transfer their retirement savings from New Zealand to Australia and vice-versa.
However, Trustees who would like to transfer their benefits from a New Zealand KiwiSaver scheme can only deposit their retirement savings in a Super Fund regulated by the Australian Prudential Regulation Authority (APRA). Unfortunately, this means that benefits from a KiwiSaver scheme cannot be deposited directly in an SMSF.
Rolling Funds over to Australia
If a Trustee would like to roll their benefits from the KiwiSaver Scheme over to Australia, they can do so by filling out a payment statement here:
As there are a limited number of APRA regulated Funds that allow the rollover of KiwiSaver scheme benefits, Trustees should check with their respective retail or industry Funds prior to filling out the payment statement. Once the benefits are in an APRA regulated Super Fund, the Trustees can then elect to roll the money over to an SMSF. For more information on the rollover process, please click on the button below:
Frequently Asked Questions
Answer: You may only transfer retirement savings between a complying APRA-regulated superannuation fund and a KiwiSaver scheme. Unfortunately, SMSFs are regulated by the ATO so there is no option for a direct transfer.
