What will happen to my Super if I leave Australia permanently or indefinitely? 

If you are an Australian Citizen or Permanent Resident, your Super account will remain the way it is. There are no options to reduce or freeze the ongoing admin fees since funds will still be invested and potentially grow due to investment returns. There are no options for closing the account or stopping fees. You may review any insurance you have, linked to your super, to minimize cost or even consider making additional contributions to your Super to offset any ongoing insurance premiums and admin fees. Generally, investment returns can cover the ongoing cost of your Super and even leave you with profit without entirely relying on employer or additional contributions.

Departing Australia Superannuation Payment (DASP)

If you are a former temporary resident who accumulated superannuation while working in Australia, you can claim your Super from your super fund if all the following are met:

  • You entered Australia on a temporary visa listed under the Migration Act 1958 (excluding subclasses 405 and 410)

  • Your visa is no longer in effect

  • You have departed Australia

  • You are not an Australian or New Zealand citizen, or a permanent resident of Australia.

  • The payment is called a Departing Australia Superannuation Payment (DASP)