Can I access my superannuation as an Australian expat?

Generally speaking, the same conditions of release apply to your superannuation fund as if you were living in Australia. Therefore, simply moving abroad does not give you instant access to withdraw your superannuation unless you have met one or more of the conditions of release.

If you’re considering commencing a regular pension income from your superannuation account and you’re residing overseas, it’s important to consider whether there exists a Double Tax Agreement (DTA) between Australia and your country of residence. As DTAs are designed to prevent the double taxation of income for people, the presence of the DTA will dictate where your pension income is taxable.

For example, if there is a DTA in place between Australia and your country of residence, generally this income would not be taxed in Australia, and instead would only be taxable in your country of residence.

Please do note that this is general information only, and that you should seek professional advice relevant to your particular situation. Also note that Ally can not provide tax advice in foreign jurisdictions, but can work with your chosen tax adviser.