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Mic1234(I'm new)I'm new
29 Aug 2023

Hi,


I have super held at the ATO under the DASP laws. It was transferred to the ATO from my super fund when they complied with an ATO 20c notice.


I understand interest is paid by the government on the super balance at the prevailing CPI rate for the quarter.


when I apply for the return of the balance as a former temporary resident, will the 35% DASP withholding tax be paid on the rollover amount or on the total rollover and CPI interest amount that has accrued over the past 18 months?


Thanks, Michael J

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Most helpful reply

WendyATO(Community Support)Community Support
30 Aug 2023

Hi Mic1234,


You're right your held ATO super does earn interest and calculated by using CPI each quarter.


The total amount including CPI interest will be taxed.


Please note the rate used on your DASP payment depends on the components and whether you were a holder of a working holiday visa.


You can check out our page about Departing Australia superannuation payment and how DASP is taxed.

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Most helpful reply

WendyATO(Community Support)Community Support
30 Aug 2023

Hi Mic1234,


You're right your held ATO super does earn interest and calculated by using CPI each quarter.


The total amount including CPI interest will be taxed.


Please note the rate used on your DASP payment depends on the components and whether you were a holder of a working holiday visa.


You can check out our page about Departing Australia superannuation payment and how DASP is taxed.

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DASP tax on CPI interest USM. | ATO Community