Tax Refund and Superannuation Information

When you work in Australia you will pay both income tax and superannuation on your earnings. The good news is MaxPay’s tax refund partner taxback.com can help you get a refund.

Superannuation

The compulsory superannuation scheme in Australia is designed to ensure that all employees are financially secure in their retirement.

The scheme means that when you’re working in Oz, your employer will pay 9% of your earnings into a superannuation fund on your behalf, if you earn more than AU$450 per month.

If you’re only working in Australia temporarily, you can get a superannuation refund of some of your contributions once you leave the country permanently and your visa expires.

Income Tax

When working in Australia, you will usually pay about 29% income tax on your earnings, but the amount of tax you pay depends on how much you earn.

The Australian tax year is from July 1st to June 30th of the following year. When the tax year ends, taxback.com can apply to get your Australian tax refund and claim back any overpaid tax for you. If you leave Australia before the tax year ends, you don’t need to wait – we can apply for your Oz tax refund straight away.

You should be aware that all Australian citizens and residents for tax purposes who earn over $6000 in the tax year are required by law to file a tax return. All non-residents who earn any income in Australia must also file a tax return.

MaxPay’s tax refund partner taxback.com can organise your income tax and superannuation refunds from Australia – average tax refunds $2500 and average super refunds $500 - $6000! Email Australia@taxback.com for more information