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Duke & Marie

Australian Superannuation, IRS & Social Security

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Hi All..

 

I know I’m going to have to talk with a Tax Professional about this.. and also think it’s somthing I should do sooner like before leaving Australia rather than later.. but

 

Can anyone explain in basic English to me the USA tax rules about my Australian superannuation? 

 

Im hearing that USA doesn’t fully understand our super system given it’s enforced by government but run privately either by finance companies to invest or by SMSF (SMSF is what I’m thinking to do, but worried it will again further complicate things). therefore earnings on investments, interest etc end up becoming something like foreign income... even though the government here will tax it ? True?

 

Im in the process of migration and really want to protect my super from being eaten up by the IRS given it is a retirement fund similar to but still not similar to your social security... I think it’s closer to 401k but don’t know for sure.

 

Also, what happens when I retire? I know I don’t get my social security but will share my husbands... but how is our retirement affected by my superannuation?

 

 


CR1/IR1 - USC Spousal Visa

  • Married 14 April 2018
  • I130 Package Sent 30 Sept 2018
  • NOA1 PD 5 Oct 2018 (Nebraska) 
  • NOA2 30 September 2019 🙌🙌🙌🙌🙌
  • Sent to NVC 10 October 2019
  • AOS/IV Package Submitted 15 November 2019 🤞

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