Hi
My wife and I are irish citizens and also NZ citizens, we are moving to Australia for 5 years and then intend to move back to Ireland. Being a NZ citizen allows us to work in Australia under a Special Category Visa (SCV) which is not the same as being a permanent resident or australian citizen
We are 45 and 41 respectively. I paid into a pension in Ireland for 2 years about 20 years ago but thats it, my wife has never paid into a pension or superannuation. We want to start preparing for retirement now.
Superannuation is mandatory in Australia and is taxed 15% on amounts up to $25,000 a year (including employer contribution).
My question is, baring in mind we intent to move back to Ireland in 5 years time what is the best way for us to start a pension (superannuation) now? If we make additional contribution to our australian super fund will we be able to claim these in full when we reach retirement age in Ireland.
Any advice on how to plan for our retirement would be greatly appreciated as we have probably left it late and we don't want to mess it up by putting our money into australian supannuation we cannot access from Ireland.
If it was possible to access australian superannuation on retirement in ireland how would we go about accessing this anyway?
Any advice would be greatly appreciated.
My wife and I are irish citizens and also NZ citizens, we are moving to Australia for 5 years and then intend to move back to Ireland. Being a NZ citizen allows us to work in Australia under a Special Category Visa (SCV) which is not the same as being a permanent resident or australian citizen
We are 45 and 41 respectively. I paid into a pension in Ireland for 2 years about 20 years ago but thats it, my wife has never paid into a pension or superannuation. We want to start preparing for retirement now.
Superannuation is mandatory in Australia and is taxed 15% on amounts up to $25,000 a year (including employer contribution).
My question is, baring in mind we intent to move back to Ireland in 5 years time what is the best way for us to start a pension (superannuation) now? If we make additional contribution to our australian super fund will we be able to claim these in full when we reach retirement age in Ireland.
Any advice on how to plan for our retirement would be greatly appreciated as we have probably left it late and we don't want to mess it up by putting our money into australian supannuation we cannot access from Ireland.
If it was possible to access australian superannuation on retirement in ireland how would we go about accessing this anyway?
Any advice would be greatly appreciated.