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Claim DASP or wait?

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Newbie

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I am a non-resident French-citizen, working a few weeks per year in Australia under a 400 visa (Temporary Work - Short Stay Specialist).  I have a super, funded for me by my company. I expect to be around 60 years old when my current project is over and I no longer have to work in Australia.

If understand correctly, I shall then have the opportunity to have my super paid to me as a DASP at that time, in which case it will be subject to a 35% tax.

Does it make any difference for me if I wait five more years to claim my super, when I am 65. Would it then be free of the 35% tax?

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Community Manager

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Hi @olivier50 

 

Permanent residents can withdraw super:

  • when they turn 65 (even if you haven’t retired)
  • when they reach preservation age and retire, or
  • under the transition to retirement rules, while continuing to work.

 

These conditions don't apply to temporary residents so you will still need to apply for a DASP.

 

NicolaC

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Most helpful response

Community Manager

Replies 1

Hi @olivier50 

 

Permanent residents can withdraw super:

  • when they turn 65 (even if you haven’t retired)
  • when they reach preservation age and retire, or
  • under the transition to retirement rules, while continuing to work.

 

These conditions don't apply to temporary residents so you will still need to apply for a DASP.

 

NicolaC

Newbie

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Thank you!