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Returning to Australia

Newbie

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Hello,

 

My girlfriend has recently left Australia to work back in the UK. We intend to return to Australia within 2-3 years on a defacto visa and eventually get PR/citizenship.

 

What are her options with her super balance? I understand that because she will be out of the country for more than 6 months the balance will be transferred to the ATO but I have read that even if she nominates a new super fund when she returns, the money will still be taxed at 65%. Is this true?

 

Regards,

J

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ATO Certified Response

Community Manager

Replies 0

Hi @jhahn

 

Thanks for your post.

 

Your girlfriend can submit a departing Australia super payment (DASP) application if they meet the eligibility criteria. For more information about their eligibility for DASP, you can have a look at our website.

 

If they are eligible but choose not to apply within six months of leaving Australia and their visa ceasing to be in effect (expired or cancelled), their super will be transferred to us as unclaimed super money.

 

If your girlfriend returns to Australia and asks us to transfer this super to a new super account, it will be taxed in accordance with the applicable DASP tax rates. These rates range from nil to 65% depending on the components and visa types.

 

For more information about how DASP is taxed, refer to our website.

 

The 65% tax rate will only apply if your girlfriend was a working holiday maker. The DASP for working holiday makers page explains what that means. If they didn't hold a WHM visa, the lower DASP ordinary tax rates will apply.

 

Hope this helps.

 

Thanks, ChrisR

1 REPLY 1

Most helpful response

ATO Certified Response

Community Manager

Replies 0

Hi @jhahn

 

Thanks for your post.

 

Your girlfriend can submit a departing Australia super payment (DASP) application if they meet the eligibility criteria. For more information about their eligibility for DASP, you can have a look at our website.

 

If they are eligible but choose not to apply within six months of leaving Australia and their visa ceasing to be in effect (expired or cancelled), their super will be transferred to us as unclaimed super money.

 

If your girlfriend returns to Australia and asks us to transfer this super to a new super account, it will be taxed in accordance with the applicable DASP tax rates. These rates range from nil to 65% depending on the components and visa types.

 

For more information about how DASP is taxed, refer to our website.

 

The 65% tax rate will only apply if your girlfriend was a working holiday maker. The DASP for working holiday makers page explains what that means. If they didn't hold a WHM visa, the lower DASP ordinary tax rates will apply.

 

Hope this helps.

 

Thanks, ChrisR