i've been living and working in Sydney for about 5 months now and am probably heading home in October.
Has anyone on a Working Holiday Visa had any experience with Taxback.com.au? What percentage of tax paid did you get back?
any advice is much appreciated
Check out the Australia Thorntree message board on the lonely planet web site - there's lots and lots of discussion around this on there.
I used Taxback.co.uk when i got back from Oz - they took a 12% cut of what i was owed but basically i got about £1400 back after they took there share which i was more than happy with! They send u a load of forms (which i did via email) to basically say u are requesting them to act on your behalf. They then ask for copies of ur last wageslip etc... but its def worth it! You need to have left Oz i believe to do this, but they do everything for you. The money though does come back in Australian dollars and in the form of a cheque - so check out ur banks charges for converting these. Mine only charged £6, so was quite happy with that.
Super you can only claim once u have left the country and u dont get all of it back. I think i got less than 50% back after tax and all that (yes, the ozzie government tax u on ur superannuation when u claim for it) but i didnt go through Taxback for this. i went through my super fund that i had paid the money into. u have to prove u have left the country, but to be honest its not too difficult.
hope that makes sense!
Thanks for the responses. I forgot that i'm a resident for tax purposes so i can't claim any. I will be doing my super when i leave though
Vicki, how long ago was that? I used to live in Aus and at one stage you could withdraw your funds if you were leaving permanently, but then the rules tightened up - consequently the super I got through work there is apparently locked up until I'm 65, even if I never go back. What else was charged apart from tax?
i left australia before i started uni so it was only about 3 yrs ago - i did hear about the rule of only receiving funds after you were 65, however i checked with my super fund and it was possible for me to apply for early release as i was permenantly leaving Australia. i had to send copies of my working visa along with copies of my passport stamp to prove exit from Australia - this had to be signed by a JP. I think the first thing is to check out your super's website for any info (as i worked for the NSW government i was with First State Super). They should have information on how to claim. you could apply for your super back through the ATO (Australian Taxation Office - www.ato.gov.au, go to the superannuation section, then the super for temporary residents bit) As with all third parties they charge a fee though.
As for charges when you go directly through your super fund - Tax on your super is around the 30% mark and i was also charged $30 for premature removal of the fund. once again, this comes in the form of a cheque in dollars so you will also have a conversion charge when u put the cheque in a uk bank. any other questions just ask!
Youch - 30% tax??! I lived in Tasmania for about 7 years. Mine would be going into a NZ bank if I do pull it out. There's a possibility I may be back in Aus in 2 or 3 years, so may keep an eye on the situation til then. I have dual Australian citizenship, wonder if that would make it harder to remove my funds.
*Actually 30% isn't that far off the mark when you think about income tax rates.
I used www.taxback.com to get my tax and super back from Oz on working holiday. they sorted my refund very fast and charged just 10%. I had no paperwork, and they sorted everything. Excellent service. I used them again for my UK tax.