superannuation - don't leave your money behind!

What is it?

Superannuation is a retirement savings scheme in Australia. It is designed to help you save money for your future when you stop working.

It is calculated as a percentage of your gross earnings and paid by your employer into a superannuation fund chosen either by you or your employer. Your money is invested over time to help grow your savings for retirement.

When you leave Australia permanently and you are not an Australian or New Zealand citizen, you may be eligible to claim your superannuation. The claim must be made after your visa expires and you depart from Australia.

What are the eligibility criteria to claim my superannuation?

You accumulated superannuation while working in Australia on a temporary resident visa issued under the Migration Act 1958 (excluding Subclasses 405 and 410)
Your visa has ceased to be in effect (for example, it has expired or been cancelled)
You have left Australia and you do not hold any other active Australian visa

Do you meet the eligibility criteria?

We can claim your superannuation for you!

- Online application through DSAP system

- Money transfered straight to your bank account

- Generally paid within 28 days of receipt of complete application

Claim my superannuation!

Frequently Asked Questions - Superannuation

As a backpacker in Australia, am I eligible for superannuation?

If you are over 18 years old and earn at least $450 before tax in a month, YES you are eligible for superannuation contributions from your employer.

Can I choose my own superannuation fund?

As an employee, you have the right to choose your own superannuation fund when joining a company. However, if you don't choose a specific fund, your employer may contribute to their default superannuation fund .

How much superannuation should my employer contribute?

The current Superannuation Guarantee (SG) rate is 10% of your earnings before tax.

For example, if your annual salary is $50,000, your employer will pay $5,000 into your super fund that year. Employer superannuation contributions are typically made on a quarterly basis. This means that companies are required to contribute to their employees' superannuation funds at least once every three months.

Can I access my superannuation when my WHV visa is over?

Yes, given that you meet the eligibility criteria mentionned above.

Can I access my superannuationfrom my home country?

Yes, you MUST be physically outside Australia to be able to claim your superannuation.

How is superannuation taxed for Holiday Makers?

Superannuation contributions are generally taxed at a concessional rate of 15% when they enter your super fund.

Since 1 July 2017, the new WHM tax rate of 65% applies when you withdraw your superannuation after leaving Australia.

superannuation - don't leave your money behind!

What is it?

Do you meet the eligibility criteria?

Frequently Asked Questions - Superannuation

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