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brian992(Initiate)Initiate
1 Apr 2023

Hi,


I recently withdrew my super with Suncorp using the DASP payment form. What I noticed is my entire payment was taxed at the WFV (working holiday visa) higher rate of 65%.


But this seems incorrect as I held both a working holiday visa (June 2019) and one year later switched to a 482 company sponsored visa in March 2020. What I understood from reading ATO Faq's that contributions should have been taxed at lower rate 35% from the date of grant of the 482 (non WHV) visa in March 2020.


I finished my employment with the company in October 2021 who sponsored my 482 visa. So it seems to me almost 2 years (March 2020 - October 2021) of contributions should have been taxed at 35%, instead of 65%.



Did anyone else have a similar visa situation when withdrawing DASP and how did you get a refund?


Thanks,


Brian


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JodieR_ATO(Community Support)Community Support
3 Apr 2023

Hi @brian992,


If you switched from a WHV to a different visa, did you open a new account with your super fund at that time? If you retained the same super account and have a mix of super contributions from when you were on the WHV and then on a sponsored company visa, when you withdraw the amount under DASP, all contributions will be taxed according to the WHV. The law does not allow for apportionment when this occurs. You can view this under our FAQs for DASP.


If you did open a new super account where the new visa was in place and no contributions from your WHV were received in the new account, you can contact your super fund to address the matter.

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Most helpful reply

JodieR_ATO(Community Support)Community Support
3 Apr 2023

Hi @brian992,


If you switched from a WHV to a different visa, did you open a new account with your super fund at that time? If you retained the same super account and have a mix of super contributions from when you were on the WHV and then on a sponsored company visa, when you withdraw the amount under DASP, all contributions will be taxed according to the WHV. The law does not allow for apportionment when this occurs. You can view this under our FAQs for DASP.


If you did open a new super account where the new visa was in place and no contributions from your WHV were received in the new account, you can contact your super fund to address the matter.

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brian992(Initiate)Initiate
3 Apr 2023

Thanks for explaining, yes unfortunately I wasn't aware of the need to open a new super account when I was granted the 482 visa. Or given any indication of this by my employer.


So all super contributions went to the original WHV super account and thus as you explained was taxed at higher rate of 65%.


I guess there is nothing I can do to change this.




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