@vsun , from what I gather ( from NZ kiwisaver , Inland revenue etc. ), both the employee and the employer contributions are taxed contemporaneously/yearly. Thus since the distribution is ONLY possible after attaining superannuation age ( currently 65 ? ), if you are able to get lumpsum and document that the contributions ( employer/employee ) are already taxed , your exposure may be only the gain. I need to study the US-NZ tax treaty to see if there is any mention of this.
Am generally agreeing with my colleague @NCperson .
