Whether you are from Australia or an expat living there, having a comprehensive guide to understanding the ins and outs of how Superannuation works is vital.
This in-depth guide includes:
- What is superannuation?
- Phases of superannuation
- The reward of supers
- Adding to your super
- Choosing a fund
- What are concessional (before-tax) contributions?
- Tax on investment earnings
FAQs
Your first initial meeting and fact find with one of our qualified financial advisers is FREE.
In this meeting, your adviser will take a look at your circumstances; where you are in the world, where your assets currently are, and help come up with a plan of financial objectives.
Yes.
You can transfer your UK pension to Australia.
You can transfer the below:
- Defined Contribution (DC) Pension Schemes, including company and personal pension and drawdown arrangements
- Private Sector Defined Benefit (DB) Schemes
- Funded Public Sector DB Schemes
1. Accumulation phase
- The accumulation phase marks the initial stage of your superannuation journey, where you contribute
to your super account, and your balance steadily grows.
2. Retirement phase
- When members begin a super income stream or pension, their super funds are transitioned into retirement. Starting from July 2017, there has been a limit on the amount that can be transferred into this phase, known as the transfer balance cap. The transfer balance cap for 2023-24 is $1.9 million.
If you would like to learn more, you can download our guide and read here.
All the things you need to know
Our pension advisers created this guide. Our advisers are some of the best in the world and understand the pains of having assets split worldwide. They have put together this easy-to-follow guide to help and inform all expatriates & residents in Australia who may have questions about Superannuation.
This guide was last updated in July 2023.
