If you’ve left Australia permanently, your super is taxed at the following rates:
- No tax on the tax-free part
- On the taxable part:
- 35% tax on money that has already been taxed
- 45% tax on money that has not been taxed yet.
However, 65% tax applies to both the taxed and untaxed parts if you were on a 417 working holiday visa, 462 work and holiday visa, or a working holiday bridging visa.
We charge your tax and send it to the ATO before we send your super to you.
When you receive your super from us, you don’t need to include it in your tax return, because you have already paid tax on it.