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1 Nov 2024

I've been on the 417 WHV for 1 year, and the 482 for another year. All of my contributions have gone into the same super account. To avoid the blanket 60% tax, can I set up and new super account and move the funds generated while on the 482 visa to this account to be taxed at the lower rate?

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168 views
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AriATO(Community Support)Community Support
4 Nov 2024

Hi @ronniehotdogs


You'll need to get financial advice from a professional to work out what will give you the best outcome.


What I can tell you is your super fund works out how much tax to withhold from your DASP. If you have 2 different super funds they'd individually work out your tax using the info they each hold in relation to your contributions.


See more info about how tax rates are applied.

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Most helpful reply

AriATO(Community Support)Community Support
4 Nov 2024

Hi @ronniehotdogs


You'll need to get financial advice from a professional to work out what will give you the best outcome.


What I can tell you is your super fund works out how much tax to withhold from your DASP. If you have 2 different super funds they'd individually work out your tax using the info they each hold in relation to your contributions.


See more info about how tax rates are applied.

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417 to 482 visa - what tax will I be charged? | ATO Community