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Tax treatment of transfers from foreign super funds

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Overview

This information sets out the Australian tax treatment of a transfer from a foreign super fund. You may be subject to other obligations in the foreign country.

You may be able to transfer an amount from a foreign super fund to:

  • a complying Australian super fund
  • yourself.

Whether you can make these transfers will depend on the rules of the super fund from which you are making the transfer.

You or your fund may have to pay income tax on some or all of the amount.

If you transfer the amount to a complying Australian super fund, the amount will generally count towards either or both of your contributions caps and you may have to pay excess contributions tax.

When we say 'super interest' in this document we mean any amount, benefit or entitlement that a member holds in a fund.

Last Modified: Wednesday, 17 June 2009

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