I am a 70-year-old dual Australian/Irish passport holder and have lived and worked in Australia most of my working life. While working in Australia I accumulated €300,000 in my superannuation account for my retirement.
I paid tax on my “super” contributions going into the account and since I have reached retirement age the balance in my super account can be withdrawn however I like tax free. I do not have any entitlement to an Australian or Irish pension.
I intend retiring back to Ireland before Christmas and am wondering how the Irish tax authorities will treat my Australian super balance when I transfer it to Ireland.
Mr P.D.
Welcome home is probably the first thing to say. Taxation and pension income can be a complicated issue, especially when you are working across national boundaries.
Your situation is complicated by the fact that you appear to be liquidating your foreign pension fund rather than simply drawing an income from it. And, of course, as you say, you are not entitled to a state pension either in Australia or in Ireland – at least for now.
That makes things tricky as your super fund is, as of now, likel
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