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.
Heaps of great reasons to use Tranzfers rather than a bank for your next money transfer.
This is a promise! We will always beat the banks with better rates, often saving you over 1%. Compare for yourself and get a quote now!
How does £7 sound? Or AUD$15, CA$15, NZ$15 and SG$15? This is the fee we charge for money transfers from the UK, Australia, Canada, New Zealand and Singapore. Compare that to your bank, who will charge around £25 or AUD$35 for a similar transaction.
With Tranzfers you can see the exchange rate that you will receive, or wait for the rate to hit a certain limit before transferring online. With the banks, they cannot tell you the exact rate you will receive, until after the funds are sent.
Our secure encrypted online service is of the highest standard. We are regulated by ASIC, the Australian Securities and Investment Commission, which applies some of the strictest standards in the world.
Check the progress of your transfer whenever you like - 24/7. Try that with your bank!
You can send your money day and night through our easy to use online service.