gwolst77 Posted August 18, 2013 Share Posted August 18, 2013 Hi quick question, Can someone give me a quick general overview of claiming your Super back once you return home after you temp visa expires? I assume that there are costs involved and the ATO will also want a slice of my Super pie as well. Just trying to figure out what percentage of my Super will I be left with, the general process and timeframes etc TIA Quote Link to comment Share on other sites More sharing options...
DonnaBB Posted August 19, 2013 Share Posted August 19, 2013 Oooo... Would be interested in knowing as well Quote Link to comment Share on other sites More sharing options...
Ronan20 Posted August 19, 2013 Share Posted August 19, 2013 (edited) I was told that there is a 35% tax http://www.immi.gov.au/allforms/superannuation/ http://www.australiansuper.com/search.aspx?searchterm=Apply%20for%20a%20payment%20(temporary%20residents) The first link Issued by AustralianSuper Pty Ltd ABN 94 006 457 ... is what was sent to me Edited August 19, 2013 by Ronan20 Quote Link to comment Share on other sites More sharing options...
Wellers and Whitehead Posted August 19, 2013 Share Posted August 19, 2013 Id be interested in this too, does a temp visa differ from a perm visa if you leave Australia for good? Quote Link to comment Share on other sites More sharing options...
gwolst77 Posted August 19, 2013 Author Share Posted August 19, 2013 Id be interested in this too, does a temp visa differ from a perm visa if you leave Australia for good? With regards to Super you can't withdraw it once you become PR, it becomes like any other pension you basically can't touch it until you get towards retirement age. Quote Link to comment Share on other sites More sharing options...
DonnaBB Posted August 19, 2013 Share Posted August 19, 2013 I was told that there is a 35% tax http://www.immi.gov.au/allforms/superannuation/ http://www.australiansuper.com/search.aspx?searchterm=Apply%20for%20a%20payment%20(temporary%20residents) The first link Issued by AustralianSuper Pty Ltd ABN 94 006 457 ... is what was sent to me Do you know if there is a management fee in addition to the tax liability? Quote Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted August 19, 2013 Share Posted August 19, 2013 (edited) The tax due will be determined according to the tax components of the Super Fund as follows: Tax-free = 0% Taxable - taxed element = 35% Taxable - Untaxed element = 45% If you have not made any voluntary post tax contributions and are not in a government scheme then the fund is likely to be taxable - taxed element. There shouldn't be any management fees involved other than perhaps an exit fee for withdrawing although some fund trustees may levy and admin fee (check with specific provider). Regards Andy Edited August 19, 2013 by Andrew from Vista Financial Quote Link to comment Share on other sites More sharing options...
DonnaBB Posted August 19, 2013 Share Posted August 19, 2013 Thanks Andy, that's really helpful Quote Link to comment Share on other sites More sharing options...
MelbournePhom Posted August 29, 2013 Share Posted August 29, 2013 With regards to Super you can't withdraw it once you become PR, it becomes like any other pension you basically can't touch it until you get towards retirement age. As far as I knew if your PR had lapsed and you left the country then you can claim your super back. However once you become a citizen you could potentially move back to Oz at any age so you then can't access the money until retirement. Quote Link to comment Share on other sites More sharing options...
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