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  • 08 9386 0047
  • kamal@tfptax.com.au
  • 252 Fitzgerald Street, Perth WA 6000
Online Tax Return

Super Annuation Account In Perth

Superannuation (Super in short) is a long-term investment that grows over time; this is the system under which most people save for their retirement. The fundamental principle of Super is straightforward – the more you contribute during your working life, the more you’ll have for your retirement.

For most people, super begins when you start work for your employer who then starts paying a percentage of your salary/wages into your super fund on top of your regular wages/salary.

Superannuation Administration perth

It is always necessary for you to keep track of how your super is performing as well as what is the return super has delivered. We being your super administer partner, analyze, and explain the return your super has provided and how it is going to do in the future. We will also assist you regarding in which superannuation account you should invest to have maximum return.

Having a super account in more than one super company isn’t just a mess but it is expensive too as every single super account has some sort of account administration fees and charges attached to it. If that’s the case, we may liaise to rollover the fund and consolidate all your super accounts into one super account upon your proper consent to act on your behalf.

Also, most super funds offer various types of insurance to its members, such as

  • Death cover: Beneficiaries will receive the benefit in the event of member’s death.
  • Total and permanent disability: You receive the benefit when you become permanently disable.
  • Income protection cover: You receive the benefit if you’re not able to work for certain period because of illness or temporary disability.

If you do not have insurance with your super and want to get insurance linked with your super. Then, contact us and we will liaise on your behalf. As we act as your trusted partner, we can help you regarding the nomination of beneficiaries for your super as well as keep your personal details such as surname, address, email, and phone details up to date.

Departing Australia Superannuation Payment (DASP) Claim

You may have accumulated superannuation that has been paid by your employer under the compulsory super guarantee if you have worked in Australia on a temporary visa.

You may be eligible to have this super (including any earnings/contributions) paid to you as a departing Australia superannuation payment (DASP) after you leave from Australia for good.

Commonly, based on the ATO guidelines, to be eligible to claim a DASP, all the following conditions should apply:

  • you accumulated superannuation while working in Australia on a temporary resident visa issued under the Migration Act 1958 (excluding Subclasses 405 and 410)
  • your visa has ceased to be in effect (expired or canceled)
  • you have left Australia and you do not hold any other active Australian visa
  • you’re not an Australian or New Zealand citizen, or a permanent resident of Australia (if you’re a New Zealand citizen leaving Australia permanently, you may be able to transfer your super to New Zealand).

    While you cannot claim a DASP until after you have left Australia, it might be hectic for you to understand the complex procedures. In this regard, our experienced team can assist you in understanding these processes and compiling necessary documents and progress for the steps on your behalf so that you have strong peace of mind.

    If you need any additional assistance or further clarification regarding your Super or you are facing any difficulties with potential DASP claims, please don’t hesitate to get in touch with one of our Tax Accountants on 08 93860047 for a confidential conversation. Alternatively, please feel free to pass your information online here and one of our consultants will be in touch with you.

    Thank YOU!

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