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Get ready for a battle royale over superannuation, page-7

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skypiliot

10,295 Posts.

21

13/02/20

03:40

Post #: 42900498
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Originally posted by Lu53: ↑

Hittman wrote:
"If you were leaving Australia permanently to live overseas, you could take your money with you. STOPPED"
It is not exactly correct.
My son permanently left Australia, as an accountant from big four, he has done everything by the book.
From ticking correct box on departure card, disposing of all Australian assets, bank accounts, purchasing property to have permanent address overseas. He is removed from electoral role, and doesn't pay any tax in Australia.
Still substantial amount of the super money he is not able to access. Only fees are eroding it.
He will be able to withdraw money when he reach Australian pension age. It doesn't matter country where he is living now, pension age is 62.

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Thats actually what Hitman posted. That the government had stopped the ability to take it out of the country
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