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jack2000

457 super taxed at 65% upon leaving if EVER held a 417

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    So today I discovered that the ATO is now taxing the entirety of a temporary resident's super payment at 65% upon leaving Aus, if they have EVER held a 417 or other working holiday visa.

    As someone who came here on a 417 but has been on a 457 for several years, this is pretty frustrating and seems highly unfair. I'm intending to leave in around 9 months, with a super fund of about $30k.

    Any opinions about my best options? I understand that if I don't claim the money, it will just sit in a ATO fund without earning any interest. It's a new rule and pretty obviously unfair, so I suppose that at some point in the coming years someone might care enough to change it (wishful thinking...)

    https://www.ato.gov.au/Individuals/Super/In-detail/Withdrawing-and-paying-tax/Super-information-for-temporary-residents-departing-Australia/?page=5#DASP_for_working_holiday_makers

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