Boon Pro's Blog

Backpackers to claim their Super before new tax rate applies

May 18, 2017 by Som Sarawan

The new tax arrangements for backpackers' superannuation take effect on this coming 1 July 2017.  


If you're a backpacker who is leaving the country and claiming superannuation from 1 July 2017 onwards, then you will lose 65 per cent in tax , in stead of 38% (current tax rate).


Backpackers are those who hold 417 or 462 Working Holiday visas.


It doesn't matter whether you earned that superannuation under the new rules or the old rules: if you claim it from 1 July 2017, the whole amount is taxed at 65 per cent.


You can save 27 per cent in tax if you process the claim and receive the payment before 1 July 2017. 


File your claim today.


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