Superannuation (or 'super') is a form of saving for retirement in Australia. When you visit and work in Australia, your employer may be required to make super contributions to a super fund on your behalf. You can usually choose your own super fund.
These super contributions must be at least 9.5% of your ordinary earnings and you need to be:
- 18 years old or over
- paid $450 or more (before tax) in a month.
If you’re under 18 years old, you must meet the above conditions and work more than 30 hours per week to be entitled to super contributions.
Note, your employer is not required to make super contributions if you’re paid to do work of a private or domestic nature for 30 hours or less each week.
When you leave Australia, you may be eligible to claim that super back as a departing Australia superannuation payment (DASP). There are requirements you will need to meet to claim your DASP and your DASP is taxed before you receive it. For more information, go to the Australian Tax Office website.