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If you don't plan on living in Australia permanently, be aware that your effective tax rate on contributions to your superannuation is 50%. You pay a flat rate
by ryanackley 15y ago
If you don't plan on living in Australia permanently, be aware that your effective tax rate on contributions to your superannuation is 50%. You pay a flat rate of 15% on your contributions like everyone else. When you leave Australia permanently, they take out 35% before giving you back your money.
http://www.ato.gov.au/superfunds/content.aspx?doc=/content/32119.htm&pc=001/149/021/001/001&mnu=0&mfp=&st=&cy= http://www.ato.gov.au/superfunds/content.aspx?doc=/content/3...