If your monthly wage is more than $A450, your employer must contribute an additional sum equal to 9.5% of your wage into a superannuation (pension) account for you. If you entered Australia on an eligible temporary resident visa you can, in most cases, access your contributions when you leave Australia, although the contributions will be taxed.
Tax for working holiday makers.
It is a complete myth that you will automatically get all your tax back when you leave Australia! There is a lot of confusion out there amongst, not only working holiday backpackers but also amongst many employers and even some accountants and tax agents.
||Topics: 14||Posts: 15||02-Sep-2016
by Mr Tax
Are you are looking for information on working in Australia?
Are you on a working holiday visa?
Are you looking at coming to Australia?
If you are over 18 and under 35, (The Australian government is looking at increasing the age) looking at working in Australia, this forum may help you find what you need. We have compiled a list of questions and answers on your Visa, and Tax responsibilities while in Australia. We will update all information as new stuff comes in.
If you have information that you would like to share with us, then please let us know, either by email or post it on the forum. Once it's approved, we will post it on the forum. Please note this may take a few days to go live due to large amounts of spammers out there trying to post their rubbish on our website.
Use the tables below if you were an Australian resident for tax purposes for the full year and you are entitled to the full tax-free threshold.
These rates do not include the Medicare levy.
Tax on this income
|0 – $18,200||Nil|
|$18,201 – $37,000||19c for each $1 over $18,200|
|$37,001 – $80,000||$3,572 plus 32.5c for each $1 over $37,000|
|$80,001 – $180,000||$17,547 plus 37c for each $1 over $80,000|
|$180,001 and over||$54,547 plus 45c for each $1 over $180,000|
The above rates do not include the Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.