Search the Community
Showing results for tags 'superfund'.
Found 1 result
Hey all, First post. My visa runs out in early December and I'm not going back to the UK as I'm going round the world again (huzzah!) but I don't quite fully understand the process to withdraw my Super... I've spoken to THREE different companies today including my Superfund, and have been given all sorts of different and confusing info! Firstly I've been told I can't get my Super paid into my NAB account. As I'm not going back to the UK I'm going to continue to use my NAB (and a cash passport to top up with NAB account) for travelling but I've been told I have to cash the cheque in person in the UK! However, I've also been told I CAN get the Super paid into my NAB but the documents I need to withdraw my Super have to be sent to an overseas mailing address. I'll be in the Philippines, impossible! Plus I've been told the Aussie government takes 30% of Super when you leave the country because that's the tax you pay if withdrawing before the age of retirement! What a load of rubbish, I'm not going be here till my retirement. With that the case why do they feel the need to take Super off paid wages of WHV holders anyway? It's a scam! Anyway, can anyone explain in plain English the process I should go through. Remember I'm NOT going back to the UK for another year... Thanks guys! :smile: