Why combine your super accounts
Simplify your fees
Reduce paperwork
Track your future super easier
However, before making a decision, it’s important to consider the taxation and other implications, both overseas and in Australia.
How do I arrange a transfer?
Contact the overseas fund
Tell the overseas fund you’d like to transfer to an Australian fund. Make sure you ask them about tax, exit fees and any other implications of transferring your money. They may send you forms to complete. You'll need to know what your pension balance was at the date you became an Australian resident.
Obtain an Australian Retirement Trust overseas pack
Contact us and request your overseas pack. This pack will provide information on transferring your overseas fund, Australian Retirement Trust’s requirements to accept the payment and an Australian Taxation Office (ATO) tax form. Make sure you include Australian Retirement Trust’s fund ABN: 60 905 115 063.
Complete and send the overseas fund paperwork
Complete the overseas fund paperwork, attach Australian Retirement Trust's details and payment requirements, and send to the overseas fund. Information required for the transfer will differ from fund to fund but can generally be found in the Australian Retirement Trust overseas fund pack.
Australian Retirement Trust will receive the transfer of funds
We can only accept a transfer from your overseas fund if you’ve provided us your Australian tax file number (TFN). You can provide this to us by visiting Member Online. The overseas fund will pay either by cheque or electronic funds transfer (EFT).
Funds will be applied to your Australian Retirement Trust account
You will receive a letter from Australian Retirement Trust confirming the payment and total amount converted to Australian dollars (AUD).
Complete ATO form for tax options
This form is available in the overseas fund pack or on the ATO website. Any Australian tax payable will be deducted at the date your request is received and another confirmation letter sent. Refer to “How will the 15 per cent be paid” below. You may wish to seek financial advice before requesting tax be deducted.
Please note
Transfers made by EFT/SWIFT can be received up to 5 weeks faster than those made by cheque.
Your final credited amount may be slightly less than the original amount advised by your exiting fund. This is due to bank fees deducted prior to the funds being credited to us. If required, upon receipt of the funds by Australian Retirement Trust, we can provide with you with confirmation of the final figure.