Friday again. It's the end of the school holidays. Term 3 will be great!
The NZ Government has signed an agreement with Australia to allow the transfer of superannuation from Australian accounts to Kiwi Saver. There is this expectation of billions of dollars pouring across the ditch. Except somehow, I don't think so.
I have money in an Australian super account. And I'm not moving it across to Kiwi Saver, because I think that over the long term, it will do far better in my Australian account than in Kiwi Saver. I have no incentive to move it over, as I'm not allowed to access it until I'm 65, no matter what side of the Tasman it's on. So, the money is staying where it is.
Anyone else decide the same?
The NZ Government has signed an agreement with Australia to allow the transfer of superannuation from Australian accounts to Kiwi Saver. There is this expectation of billions of dollars pouring across the ditch. Except somehow, I don't think so.
I have money in an Australian super account. And I'm not moving it across to Kiwi Saver, because I think that over the long term, it will do far better in my Australian account than in Kiwi Saver. I have no incentive to move it over, as I'm not allowed to access it until I'm 65, no matter what side of the Tasman it's on. So, the money is staying where it is.
Anyone else decide the same?