Claiming back your superannuation from Australia
Working holiday makers are allowed to claim back superannuation either when their visa expires or whenever they leave permanently. This is known as the Departing Australia Superannuation Payment or DASP. A point to note is that you must have left Australia before this can be paid; the application includes checking that any temporary visa has been cancelled by the Department of Immigration. Indeed, The Australian government must get really irked with these departures as they then take out a further 35% when you apply for the withdrawal. Bit harsh.Another point to note is that you are much better off claim your super refund it sooner rather than later and that’s why you should join our Super Zuper fund. When it’s time for you to claim your money, we’ll contact you and submit your paperwork automatically. That way, you concentrate on your travels and just wait for a transfer direct to your bank.
Still, the money is yours but if you are having trouble working out how to claim it then do not worry. If you have already claimed your tax back then the same company, and even the very same tax professional, should be able to assist you in claiming your superannuation. All you need to do is provide your membership details, fill in some forms and the tax professionals will do the hard work while you wait for the payment to arrive. Most charge a flat fee of around 15% for the service and you should receive your super within 28 days of the Australian Tax Office receiving your application.
Superannuation may not exactly be super but it is free money that you should be entitled to when working in Australia. Setting up your account is relatively simple and claiming it back once your visa has expired is not that hard either. Just do not forget about it, it is free money after all.