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  • 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 14: DASP tax Table (from 1 July 2017)

    Payment component

    DASP ordinary tax rate

    DASP Working holiday makers (WHM) tax rate

    Tax free component

    Nil

    Nil

    Taxable component – taxed element

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

    35%

    65%

    Taxable component – untaxed element

    Applies to DASP lump sums and 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 (47%) rather than at DASP tax rates.

    45%

    65%

    The Temporary Budget Repair Levy applied in the 2014–15, 2015–16 and 2016–17 income years. For those years, the DASP tax rates were:

    • tax free component – NIL
    • taxable component taxed element – 38%
    • taxable component untaxed element – 47%
    • Any part of a rollover that exceeded the untaxed roll-over plan cap amount was subject to tax under the Superannuation (Excess Untaxed Roll-over Amounts Tax) Act 2007 (49%) rather than at DASP tax rates.
    Last modified: 05 Apr 2023QC 18123