What are Australian Work Essentials?

What are Australian Work Essentials?

Super, Tax, Work Essentials
Three things you can’t get a job without. What are Work Essentials? Other than the visa itself, the following basics are the most important things to know and understand how to set up and use right before you leave.  Without them, you can’t work in Australia.Australian Bank Account – Employers won’t pay into a foreign account and you can earn interest when transferring large sums of money into a savings account. Tax File Number (TFN) – Without a TFN you will be on an emergency tax number and taxed double. Superannuation (Your pension) – All Australian companies have to legally contribute to your pension while you work, so it’s important to set up a pension with a good company.Basics you need to set-up and understand before applying for your Work EssentialsBefore you…
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What is Superannuation (Super)?

What is Superannuation (Super)?

Super, Work Essentials
The most common question I hear is what is Superannuation (Super)? Super is your pension scheme. I know what your thinking…. Why do I need a pension scheme on a Working Holiday Visa? I will never see that money again!Well, what if I told you your employer contributes and you get to leave Australia with a nice little savings pot?  In Australia, it is mandatory for every company to contribute the equivalent of 9.5% of its employees’ wage to a pension scheme each month if they earn over $450 a month. This is not taken out of your wage it’s an add-on. If you are a temporary resident who works in Australia, you are entitled to receive a Superannuation guarantee from your employer and then withdraw it (minus tax) when…
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How to get a Superannuation refund (DASP)

How to get a Superannuation refund (DASP)

Super, Work Essentials
Departing Australia Superannuation Payment (DASP)Departing Australia Superannuation refund (payment) is something everyone overlooks. Most people who complete a Working Holiday in Australia don’t know that when they leave Australia they can get a Superannuation refund (DASP). Here are some details you need to know to get a Superannuation refund and start adding to your next savings pot for a new Adventure!All you need is the following criteria to claim:Visa (expired or cancelled)You are no longer in AustraliaNot an Australian or New Zealand citizen or permanent resident of AustraliaYou visited Australia on a temporary visaIt is recommended you have no more than $5000 to claim back because with over $5000 you will need an immigration status certificateTip: Before applying check with your employer that all of your Super payments are complete.When…
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