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Claiming tax back & paying into super?

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  • 09-04-2012 9:25am
    #1
    zweton
    Registered Users Posts: 2,683 ✭✭✭


    Hi Guys,

    Asking this on behalf of my girlfriend, she started work last week on a 3 mth contract through a rec agency. Is the whole super thing done automatically? The company mentioned to her that she could use their one, is there a few out there? Also tfn numbers have not arrived yet(ordered 3 weeks ago) so would she be paying alot of tax on first weeks wages?

    Thanks guys:)


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    #2
    colman1212
    Registered Users Posts: 1,127 ✭✭✭colman1212


    I'm pretty sure I just got my TFN online and its just an instant thing? Super is basically your pension. There are loads of different companies which provide Super. I just go with whichever one my company uses, most people do. Its the easiest. You can claim back your super when you leave. I'm not sure about tax though.


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    #3
    zweton
    Registered Users Posts: 2,683 ✭✭✭zweton


    Ok thanks, i taught the super was tax?


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    #4
    colman1212
    Registered Users Posts: 1,127 ✭✭✭colman1212


    zweton wrote: »
    Ok thanks, i taught the super was tax?

    Nope Superannuation (super) is your pension fund.


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    #5
    Rebel Boy
    Registered Users Posts: 322 ✭✭Rebel Boy


    colman1212 wrote: »
    I'm pretty sure I just got my TFN online and its just an instant thing? Super is basically your pension. There are loads of different companies which provide Super. I just go with whichever one my company uses, most people do. Its the easiest. You can claim back your super when you leave. I'm not sure about tax though.

    You can claim your tax back at the end of the Australian tax year which ends on 30th June, if u leave Australia before the end of the tax year there u can claim it when u get to your next destenation as long as your sure u won't be working in oz for the remainder of that tax year


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    #6
    markymark21
    Registered Users Posts: 595 ✭✭✭markymark21


    zweton wrote: »
    Hi Guys,

    Asking this on behalf of my girlfriend, she started work last week on a 3 mth contract through a rec agency. Is the whole super thing done automatically? The company mentioned to her that she could use their one, is there a few out there? Also tfn numbers have not arrived yet(ordered 3 weeks ago) so would she be paying alot of tax on first weeks wages?

    Thanks guys:)


    If she signed a contract it should say if she is paying into a Super fund. It will also say on her pay check. Its just a pension fund. Would be a good idea to have it back home. It would probably help alleviate all the private vs public sector nonsense.

    My tax file number took a few weeks as well. If you ring them up and confirm your details they'll give it to you over the phone. If you don't have it after working for a month you'll be hit with a higher rate of tax as well.


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    #7
    karl bracken
    Registered Users Posts: 387 ✭✭karl bracken


    Its best practice to keep just one super fund, you get monthly and yearly charges on each account and they can add up to a few 100 a year (the lower end of it)
    But still your giving money away for nothing and then you will have to chase up a few places when you go home. Im with westpac and they just gave me a form that i hand an employer and all details are on there that they need. Im only with westpac as it was the first bank i joined i havent really looked into it any further.

    Watch out for a new company trying to put her on the non resident tax bracket, a lot of places get this wrong. It is about your INTENTION to stay so if you intend to stay here you can be taxed as an Australian resident immediately.
    You may need TFN first tho im not sure of that part


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    #8
    zweton
    Registered Users Posts: 2,683 ✭✭✭zweton


    Ok, im with NAB bank so i might see if they do that form also.
    Would be handy alright to keep everything together.


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    #9
    Mellor
    Registered Users Posts: 39,346 ✭✭✭✭Mellor


    My first job, I just let the company put me on thier generic super.
    In subsequent companies, I geve them the details of that super account to keep it together.

    If I was going back I'd keep it with my back account and its better to moniter


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    #10
    bobbles87
    Registered Users Posts: 55 ✭✭bobbles87


    hey there, I called the office yesterday and they gave me the number over the phone , so do that asap!!

    Also, just to jump in on this, I am contracting via an agency aswell from next week. Apparently I am ''non resident'' for tax purposes. Is there any way I can change this or will I have to wait for the new tax yr ie July? Also final Q, has anyone got any exp or info on LAFHA???

    Thanks a mill!


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    #11
    NoelAPM
    Registered Users Posts: 447 ✭✭NoelAPM


    I heard LAFHA is being done away with!

    For those of you getting Living Away From Home Allowance (LAFHA) –
    Unfortunately reforms to remove this allowance will take effect from 1 July 2012. This will mean a reduction in your take home pay of up to 25% unless your employer has already agreed to make up this difference in your pay packet. Now might be the best time to consider your permanent visa application as there is no longer a financial benefit to being on the 457 temporary visa.


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    #12
    Mellor
    Registered Users Posts: 39,346 ✭✭✭✭Mellor


    bobbles87 wrote: »
    Apparently I am ''non resident'' for tax purposes.

    Ask them to change it. Tell them you will be here more than 6 months so are a resident for tax purposes


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    #13
    karl bracken
    Registered Users Posts: 387 ✭✭karl bracken


    The tax purposes is all about INTENTION so if you intend to stay longer than 6 months as Mellor said your fine.

    Some payroll people think its 6 months min in a job, i had that discussion with our payroll and she didnt believe me at all until i sent her links. It didnt concern me but she had been doing all the backpackers tax wrong for ages!!


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    #14
    markymark21
    Registered Users Posts: 595 ✭✭✭markymark21


    NoelAPM wrote: »
    I heard LAFHA is being done away with!

    For those of you getting Living Away From Home Allowance (LAFHA) –
    Unfortunately reforms to remove this allowance will take effect from 1 July 2012. This will mean a reduction in your take home pay of up to 25% unless your employer has already agreed to make up this difference in your pay packet. Now might be the best time to consider your permanent visa application as there is no longer a financial benefit to being on the 457 temporary visa.

    Ha!

    There was a little smug English lad in work the other day. Was buying rounds and keeping the receipts - was saying he can claim all the tax back with LAFHA. Hope he gets stung


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    #15
    mandrake04
    Registered Users Posts: 4,435 ✭✭✭mandrake04


    markymark21 wrote: »
    Ha!

    There was a little smug English lad in work the other day. Was buying rounds and keeping the receipts - was saying he can claim all the tax back with LAFHA. Hope he gets stung

    Well since the tax year doesn't end until 30th June and LAFHA ends on the same day for 457'ers technically he is entitled to be smug up until that date.

    Or he might be a PR or Citizen living away from home in Melbourne.


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