Hello im currently under a student visa subclass 500 but i might move to the covid visa soon, is this new visa going to affect my supperanuation claim once i leave australia?? what porcentage do i need to pay? , is the working holiday visa the only one afected for 65% TAX?.
thanks for your time.
Hi @ivanICE
If you claim your super as a Departing Australia Superannuation Payment (DASP) and you've never held a working holiday maker (WHM) visa, your DASP will be subject to the DASP ordinary tax rates - 35% on taxed element and 45% on untaxed element.
If you're unsure if your super has a taxed or untaxed element, you can ask your super fund.
The DASP WHM tax rate of 65% only applies to DASP where:
Let us know if you have any further questions.
Thanks
Hi @ivanICE
If you claim your super as a Departing Australia Superannuation Payment (DASP) and you've never held a working holiday maker (WHM) visa, your DASP will be subject to the DASP ordinary tax rates - 35% on taxed element and 45% on untaxed element.
If you're unsure if your super has a taxed or untaxed element, you can ask your super fund.
The DASP WHM tax rate of 65% only applies to DASP where:
Let us know if you have any further questions.
Thanks
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