24 Jun 2013

Warning on Aussie super move

7:21 pm on 24 June 2013

From next week people will be able to move money in complying Australian superannuation schemes into KiwiSaver.

But the ASB Bank is warning people that they may be held up if they do not have the right information.

The bank's executive general manager of wealth and insurance, Blair Turnbull, says that Australia's superannuation system is different from New Zealand's, and people should start their preparation now if they want a swift transfer.