If the answer is ‘yes’, we can help you understand the tax implications now that you are living in Australia.

In Australia, foreign superannuation policies (sometimes known as “personal pensions”), do not attract the same tax efficient status as Australian superannuation funds. This can mean that your foreign superannuation funds could be taxed at 52.5%, on the growth in the underlying investments from the time that you became an Australian tax resident until you cash in your foreign superannuation.

Fortunately, the Australian tax law provides a grace period of six months in which you can transfer your superannuation policy to Australia, without being subject to Australian tax. Even, if you have passed this six month window, there may be ways that we can help you to manage your Australian tax exposure on your foreign superannuation.

If you would like to discuss the tax implications of your foreign superannuation, please contact me. I am a UK chartered tax advisor, estate planning and foreign superannuation expert and have worked as a senior tax manager with a major accountancy firm in the UK. I am now a tax consultant at Nexia Duesburys in Canberra. If you are concerned that you may be subject to the foreign superannuation rules, please contact me on 02 6279 5400 or email me at

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