• Departing Australia superannuation payment

    This table covers Departing Australia superannuation payment (DASP) tax rates for lump sums and rollovers.

    Rollovers

    If we hold super money for a former temporary resident as temporary resident unclaimed super money, they have the option of rolling the money over to their super fund if they have subsequently returned to Australia as a permanent resident. This is the only time a rollover of DASP is an option. The rollover is still a DASP and will be taxed according to this table.

    Table 13: DASP tax table

    Component of DASP

    Element of DASP

    DASP tax rate

    Can DASP be included in tax return?

    Tax free

    N/A

    Nil

    No

    Taxable

    Taxed element

    38% DASP tax

    Note: this includes the Temporary Budget Repair Levy of 3%.

    Applies to taxed elements whether taken as DASP lump sum or rollover.

    No

    Taxable

    Untaxed element

    47% DASP tax

    Note: this includes the Temporary Budget Repair Levy of 2%.

    Applies to untaxed elements taken as DASP lump sums. Also to roll-over amounts up to the untaxed roll-over plan cap amount.

    Any part of a rollover that exceeds the untaxed roll-over plan cap amount is subject to tax under the Superannuation (Excess Untaxed Roll-over Amounts Tax) Act 2007 (currently 49%) rather than at DASP tax rates.

    No

    DASP for Working Holiday Makers (WHM)

    Untaxed and taxed elements

    65% DASP tax

    No

    The DASP tax rate for WHM applies from 1 July 2017.

    See also:

    Prior to 1 July 2014 when the Temporary Budget Repair Levy came into effect, the DASP tax rates were:

    • tax free component – NIL
    • taxable component taxed element – 35%
    • taxable component untaxed element – 45%.
    Last modified: 07 Mar 2017QC 18123