Accessing Your Superannuation in Australia: A Guide to DASP
If you have worked in Australia as a temporary visa holder and have made contributions to a superannuation fund, you may be eligible to access your superannuation funds when you leave the country. This is known as the Departing Australia Superannuation Payment (DASP).
To be eligible for DASP, you must have departed Australia and not be an Australian or New Zealand citizen or permanent resident of Australia. Additionally, you must have entered Australia on a temporary visa, with the exception of Subclass 405 or Subclass 410. Finally, you must no longer have any active Australian visas, including tourist visas.
Once you meet these requirements, you can apply for DASP and have your superannuation funds paid to you. You can find detailed instructions on how to apply for DASP on the Department of Home Affairs website.
It's important to note that accessing your superannuation funds through DASP may have tax implications. The amount of tax you will have to pay depends on various factors, such as your country of residence and the amount of your superannuation balance. It's recommended that you seek professional advice to understand the tax implications of accessing your superannuation through DASP.
In summary, if you've worked in Australia as a temporary visa holder and have made contributions to a superannuation fund, you may be eligible to access your superannuation through DASP. Make sure you meet the eligibility requirements and understand the tax implications before applying
Disclaimer: The information provided herein is of a general nature only and does not constitute immigration advice. For more detailed and case-specific information or advice, please contact SCA Connect.