AVERAGE AUSTRALIAN SUPER REFUND IS
OVER $ 1,900
RefundMySuper is an Australian owned CPA registered public practice. We have been in the industry for over 5 years and our experienced professionals have a combined experience of over 15 years in Australian Tax and Super environment.
How it Works?
What is SUPERANNUATION FUND ?
In Australia, it is a legal obligation of employers to pay its employee an equivalent of 9.5% of their wages if they earn over $ 450 in a month. This is known as Super Guarantee contribution. Some employers pay more than 9.5% up to 17%, however, they can not pay any less than 9.5%. This is paid to salaried employees and to some independent sole traders too, i.e. someone working on ABN as well.
As you earn wages, this 9.5% is normally paid to your nominated Super Fund account, and if you fail to pay this, your employer is legally compelled to pay to a default super fund account which they open for you.
In a circumstance when they do not have enough information about you to open a super fund account, they are obligated to pay to your ATO Super account.
As you earn wages, this 9.5% is normally paid to your nominated Super Fund account, and if you fail to pay this, your employer is legally compelled to pay to a default super fund account which they open for you.
In a circumstance when they do not have enough information about you to open a super fund account, they are obligated to pay to your ATO Super account.
What is SUPERANNUATION REFUND ?
The superfund is a compulsory retirement saving account and is not normally accessible by the account holder as they wish. It is only accessible after you retire after age 60 or 65 if you choose not to retire. There are some of the circumstance when you are allowed to request a super refund.
Specially, it is easier to request super refund if a temporary resident leaves Australia with no intention to return back.
Quick & easy
Refund
