How can temporary residents withdraw their super?
If you're a temporary resident (on a specific visa) who has departed from Australia, you might be able to apply for the early release of your superannuation. This excludes New Zealand citizens.
You can claim your super if:
- You were a temporary resident who visited Australia on a temporary visa
- Your visa has expired or been cancelled, and
- You have left Australia.
What happens if I don't withdraw my super?
If you don't apply within six months after you leave Australia or your temporary visa expires or is cancelled - whichever is the latest - we are required to transfer your money to the Australian Taxation Office (ATO) where it will not earn interest. The good news is you can apply online to take your super home.
How to apply to withdraw your super after departing Australia
The payment of a temporary resident's superannuation benefit is called a Departing Australian Superannuation Payment (DASP). This is how the process works from application to payment.
- Lodge an application online on the ATO website.
- The ATO will forward your details to AMP.
- We will contact you for further information including your bank details for payment.
- Your benefit can then be released to you. Withholding tax will be automatically deducted.
What will be withheld when I withdraw my super?
Australian superannuation funds are required to withhold tax when making a DASP payment to a former temporary resident.
The withholding tax rates for DASPs outlined by the ATO are:
- 0% for the tax-free component.
- 35% for a taxed element of a taxable component.
- 45% for an untaxed element of a taxable component (public sector funds).
- 65% on the taxed and untaxed elements for all working holiday makers.
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What you need to know
Products in the AMP Super Fund and the Wealth Personal Superannuation and Pension Fund are issued by N.M. Superannuation Proprietary Limited (N.M. Super) ABN 31 008 428 322 (trustee), which is part of the AMP group (AMP). Before deciding what’s right for you, it’s important to consider your particular circumstances and read the relevant Product Disclosure Statement, Target Market Determination or Terms and Conditions available from AMP at amp.com.au or by calling 131 267. Read AMP’s Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you.
Any advice and information provided is general in nature, hasn’t taken your circumstances into account, and is provided by AWM Services Pty Ltd ABN 15 139 353 496 (AWM Services), which is part of the AMP group (AMP). All information on this website is subject to change without notice.