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Your superannuation can NOT be used to fund your move overseas, were sorry to report. But whether youre an Australian citizen or temporary resident, we know you have many questions about what will happen to your super fund when you move overseas.
There are no rules about what you can spend your super on if you choose to take it as a lump sum.
You can withdraw your super if youre. 65 years or over, whether you keep working or not. 60 or over and change employers or temporarily stop working. Under 60 and have permanently stopped working, and youve met your preservation age.
If youre an Australian permanent resident or citizen heading overseas, your super remains subject to the same rules, even if you are leaving Australia permanently. This means your super must remain in your super fund/s until you docHub preservation age and are eligible to access it.
The quickest way to apply for financial hardship is to log into your online account, go to Make a withdrawal from my super account (under Manage my account) and click the Apply for a Financial Hardship payment button to complete the online form.
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People also ask

If you withdraw super due to severe financial hardship it is taxed as a super lump sum. The minimum amount that can be withdrawn is $1,000 and the maximum amount is $10,000. If your super balance is less than $1,000 you can withdraw up to your remaining balance after tax.
There is no limitation on what sort of funds you can transfer your pension fund into, including a Self Managed Superannuation Fund (SMSF) - subject to it being a QROPS fund if it is a UK transfer. It is recommended that you obtain financial advice in terms of what sort of fund suits your personal requirements.
Can you access your super for your overseas trip? Unfortunately, you still wont be able to access your super even if youre travelling overseas indefinitely or on a permanent basis. As long as youre an Australian citizen or permanent resident, super will work the same way whether youre in Australia or abroad.
Depending on your funds rules, you may be able to withdraw some or all of your superannuation (super) as a lump sum. If so, you can take all your super in one go, or as several lump sum payments. Ways of using a lump sum include: clearing debt (for example, paying off your mortgage)
You normally cant get your super until you docHub your preservation age and retire. Preservation age is usually between 55 and 60, depending on your birth year. You can read about when you can withdraw and use your super on the Australian Taxation Office (ATO) website.

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