Slow start to Trans-Tasman super portability

David Maida | financialalert  | 27 August 2013


As of 1 July, anyone who has permanently immigrated between Australia and New Zealand can transfer their retirement savings to their new homeland. But it's not a simple like-for-like swap and it's already had its problems. What sorts of sums are being transferred, what are the pitfalls - and how might advisers capitalise on it?

This new scheme is part of the Single Economic Market (SEM) and is meant to smooth monetary relations between Australia and New Zea...

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