Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Worked in Australia? You could be owed thousands of euro

Options
  • 02-03-2011 6:25pm
    #1
    Ozeire
    Registered Users Posts: 575 ✭✭✭


    https://www.youtube.com/watch?v=hCgu0GHBEvs


    THOUSANDS OF IRISH people could be in for a financial windfall if they spent a year working in Australia.

    Taxback has urged people to apply for the Australian superannuation refund, warning that Irish travellers are losing out on a potential €70million by not applying.

    It’s thought that around 100,000 Irish people are in for a €600 windfall, according to tax experts taxback

    It says that 75% of people who return to Ireland having worked in Australia do not claim a superannuation refund, which is different to the regular income tax refund that thousands claim back every year.

    Grainne Clancy of taxback commented:
    Anyone who earned over $450 a month when they were working in Oz would’ve paid up to 9% of their wages into a superannuation fund. What’s more, even if people travelled to Australia some time ago, they may still be entitled to a cash refund as claims can go back as far as 2001. Typical refunds can amount to anything from $600 up to $5000 and in our experience the average super claim is worth approximately $900.

    Clancy said that a lot of their customers have no idea they could be owed the money.

    However, she advises people to apply sooner rather than later because legislation introduced by the Australian Government in 2009 gives them the power to take control of the monies if they go unclaimed for a certain period of time.

    And if that wasn’t enough to convince you, Clancy added: “In one case we had the claimant receive a refund of $12,000 within five days so it’s well worth checking!”

    Source

    There are a number of ways of getting tax back .

    You can apply yourself

    http://www.ato.gov.au/individuals/


Comments

  • Options
    #2
    plonk
    Closed Accounts Posts: 1,352 ✭✭✭plonk


    I personally got 4200$ back but I applied myself through the goverment website. Took 12 weeks in total


  • Options
    #3
    lg123
    Registered Users Posts: 1,039 ✭✭✭lg123


    claiming it back isnt always the best option as you have to pay 30% tax on super if its claimed before retirement. if your not strapped for cash when you head home your prob better off leaving it there. with the way things appear at home it should perform a lot better in the ASX than the ISEQ.

    anyone know what fees 'taxback.com' or the like charge?


Advertisement