Miscellaneous 2011

Foreign retirement funds - Not so super

Source: The Tax Specialist Journal Article

Published Date: 1 Feb 2011


Foreign retirement funds are not universally treated by the Australian Taxation Office as “superannuation”. As a result, your clients with interests in US, NZ or Canadian retirement funds, among others, face a dual dilemma. If they shift the funds to Australia, they may be taxed harshly. If they leave the funds offshore, they may be caught by the proposed “anti-roll-up rule” designed to replace the now repealed foreign investment fund regime.

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Miscellaneous 2011

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