What are the benefits of transferring my Australian super to the Kiwi Wealth KiwiSaver Scheme?
- If you already have a KiwiSaver account in New Zealand and your super in Australia then you will be paying two sets of fees. If you have worked in several jobs in Australia you may have multiple schemes each with their own set of fees. You can potentially reduce the total amount of fees you are paying by bringing your Australian super back to New Zealand.
- Having your savings in a New Zealand scheme may make it easier to keep track of your savings and you’ll know what your total retirement savings are in your home currency.
- By bringing your Aussie super savings to New Zealand you may be able to access information about your savings and make changes to your account easier by dealing with a New Zealand based customer service team.