Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
I am Australian citizen who lives permanently in Switzerland. Next year I will reach age 60 and I think to withdraw (lump sum payment) my superannuation. I contacted Mercer, where I have superannuation, and they told me that I need to open bank account in any Australian bank. Do you know how to open bank account from abroad? I am living in Switzerland and I don't have plans to travel to Australia.