Enjoy your freedom and your finances
If you want to follow the sun and live overseas after retirement, that’s fine by us. We can pay your NGS Super account based pension into your Australian bank account.
Through online banking, you can then access your funds from just about anywhere in the world. Some international banks even offer low-cost accounts that can save you money.
If you are intending to stay overseas for an extended length of time, it’s worth checking out your tax status and position before leaving Australia.
How to do it
If you are an Australian citizen or permanent resident heading overseas, your super will remain subject to the same rules, even if you are leaving Australia permanently. This means you cannot access your super until you reach preservation age and retire or you satisfy another condition of release. You can find more information on our Accessing your super page.
If you are an overseas resident working temporarily in Australia, you may be eligible to be paid your super once you have left Australia through what is known as a departing Australia superannuation payment (DASP). Applications for DASPs can be made via the ATO website.