KiwiSaver transfers

You may be able to transfer your retirement savings from a KiwiSaver scheme to a participating Australian super fund, like WA Super.

We’re one of a few Australian super funds that accept KiwiSaver transfers as part of the Trans-Tasman Portability scheme.

Transferring your KiwiSaver scheme savings to WA Super

You must

  • be a WA Super member*;
  • have an Australian Tax File number (TFN);
  • have left New Zealand and permanently reside in Australia;
  • be transferring the whole balance of your KiwiSaver scheme and not partial amounts; and
  • obtain from your New Zealand KiwiSaver fund their transfer form and fulfil any of their requirements**.

* If you’re not a WA Super member, you’ll need to join WA Super before commencing the transfer. Find out how to join here.

Important considerations before you transfer

There are rules that apply to money transferred from a KiwiSaver scheme. They include:

  • Money can only be transferred to, and held in, a complying super fund regulated by the Australian Prudential Regulation Authority (APRA).
  • You cannot roll your KiwiSaver component to another super fund in Australia unless they are a super fund who can also receive KiwiSaver transfers directly. This is because it is not compulsory for a super fund to accept KiwiSaver transfers.
  • You cannot roll your KiwiSaver component to a Self-Managed Super Fund (SMSF) or to another country.
  • The KiwiSaver component cannot be accessed until you reach the New Zealand retirement age (currently age 65).
  • Any amounts transferred count towards your non-concessional (after tax) contribution cap.
  • If you are age 65 or over you must meet the work test before WA Super can receive KiwiSaver funds from New Zealand (that is, you have worked 40 hours or more in any consecutive 30 day period during current financial year).
  • If you permanently return to New Zealand, the option to transfer the funds back to New Zealand is also available.
Accessing the First Home Super Saver Scheme (FHSS)

If you transfer an amount into an Australian super fund from a KiwiSaver scheme, the amount can be an eligible FHSS contribution, except if the amounts transferred from a KiwiSaver scheme are Australian-sourced amounts or returning New Zealand-source amounts (that is, amounts that have previously been reported to the ATO by any Australian superannuation fund). 

Applications to withdraw the money as an FHSS amount are made to the ATO. More information about the FHSS scheme can be found here.

Transfer Limits

Whilst there is no limit as to how much you can transfer from a KiwiSaver scheme to your WA Super account, you can only transfer the whole amount of your KiwiSaver account balance, so you need to be aware of your non-concessional contribution cap limit.

If your KiwiSaver scheme balance is above your non-concessional contribution cap limit, you will not be able to go ahead with the transfer and WA Super must return the whole amount to your KiwiSaver scheme.

A person under 65 can transfer up to three times the current non-concessional cap by utilising the ‘bring forward rule’ under certain circumstances.

More information about the non-concessional cap can be found here.

Accessing your retirement savings

KiwiSaver scheme savings transferred to WA Super from New Zealand is held in WA Super in two components:

  • A New Zealand-sourced component – to access this you will need to reach the New Zealand age of retirement (currently 65).
  • An Australian-sourced component – to access this you will need to meet a condition of release.

More information on conditions of release can be found here.

Other considerations

Employer contributions to WA Super

If you join WA Super, you can transfer your KiwiSaver funds to us, and then start adding to your balance by asking your Australian employer to pay your compulsory super contributions to us too. If you satisfy certain requirements, you will then be eligible for default insurance too.

To have your employer contribute click here.

Combine all your Australian superannuation accounts

If you're a member of more than one Australian superannuation fund, you can find and combine your super funds into your WA Super account. By doing so, you may find you reduce the amount of fees you’re paying overall.

Please be advised that your other fund may charge an exit fee and any insurance or benefits you have through your other fund will cease when you close that account, so you should contact your other fund beforehand to find out more.

Find out more
  • Call our friendly Member Services Team in Perth on 08 9480 3500.
  • Visit the ATO website for more information about the KiwiSaver schemes and any tax issues that you need to be aware of.
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