A common question of Australian expats living overseas is when are they able to access their Australian super.
Accessing superannuation as a non-resident of Australia is subject to the same rules as if you were living in Australia. This means that a condition of release will have to be met before the funds can be accessed.
As a non-resident for Australian tax purposes, broadly you can access your Australian super at the following times. It is noted that personal tax advice should be obtained prior to doing so.
|Date of birth||Preservation age|
|Before 1 July 1960||55|
|1 July 1960 – 30 June 1961||56|
|1 July 1961 – 30 June 1962||57|
|1 July 1962 – 30 June 1963||58|
|1 July 1963 – 30 June 1964||59|
|From 1 July 1964||60|
You should also confirm that withdrawing your super in the country where you are a tax resident does not result in any tax consequences under the applicable Double Tax Treaty.
Please do not hesitate to get in touch with us to discuss your circumstances further and we would be happy to assist you further.