This might be the most important step on this entire website. Seriously. Read it twice.
Superannuation is Australia's mandatory retirement savings system. By law, every employer must pay an extra 11.5% of your wages into a super fund on your behalf. This is on top of your wages, not deducted from them. So if you earn $1,000 this week, your employer also has to put $110 into your super fund. You don't see it on your payslip but it's sitting there, in a fund, with your name on it.
When you leave Australia permanently, you can claim every single cent of it back. It's called the Departing Australia Superannuation Payment (DASP). It's taxed at 65% for WHV holders โ yes, that sounds brutal, but it means you still get 35% of money that would otherwise just stay in Australia forever while you go home broke.
Over a full year of work, this is typically $2,000-5,000 that is literally yours. And most backpackers just leave it behind because nobody told them it existed.
- Choose a super fund before your first job โ AustralianSuper, HostPlus, REST are all fine
- Give your employer your super fund details when you start
- Use the same fund for every job so your money stays in one place
- When you leave โ apply for DASP at the ATO website. Takes 20 minutes.
There are literally hundreds of millions of dollars sitting in Australian super funds right now, belonging to backpackers who have left the country and either didn't know this existed or forgot to claim. That money just sits there. Eventually it gets transferred to the ATO as "unclaimed super". Don't let that happen to yours.
From my notebook
Superannuation was one of the biggest things I wish someone had explained to me properly from day one. Make sure every employer sets it up correctly. Keep all your payslips. And when you leave โ claim every cent of it back. Don't be the person who leaves it behind.
Official link
Claim your super โ DASP Application
Apply online after your visa expires. Free money waiting for you.
Claim your super โ