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Superannuation question

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Newbie

Views 337

Replies 2

Hi there,

I am currently on a working holiday visa and move onto bridging A visa in a few weeks as me and my partner are in the process of a spousal visa.
I am aware that if I was to just leave after my 2 year WHV to live back home I would claim my super when I’ve left the country and be taxed at 65%.
What should I do / happen now? Do I claim my super now and start a fresh when I begin the bridging visa or will it just roll over? My only concern is that I keep the super going and then when I come to claim at retirement time I actually get taxed 65% on the whole sum...
Thanks in advance,
Luke
1 ACCEPTED SOLUTION

Accepted Solutions
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Best answer

Taxicorn

Replies 1

You don't have to cash it in, it is a choice you have when you leave Australia.

 

You can leave and keep the money in super.

 

You can stay and leave the money in super.

 

The 65% tax is only when you leave and cash out.

 

2 REPLIES 2
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Best answer

Taxicorn

Replies 1

You don't have to cash it in, it is a choice you have when you leave Australia.

 

You can leave and keep the money in super.

 

You can stay and leave the money in super.

 

The 65% tax is only when you leave and cash out.

 

Highlighted

Newbie

Replies 0

Awesome, thanks for the info!!