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What is superannuation?

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What is superannuation?

Published: Feb 19, 2021

Short answer

Superannuation is a compulsory retirement savings contribution that employers pay on top of your wages. 

If you're a temporary visa holder, you can generally claim a portion of your superannuation back when you permanently leave Australia as a Departing Australia Superannuation Payment (DASP). How much depends on your visa type. Check the ATO's DASP page for current rates.

Superannuation is a compulsory retirement savings contribution that employers pay on top of your wages. 

If you’re a temporary visa holder, you can generally claim a portion of your superannuation back when you permanently leave Australia as a Departing Australia Superannuation Payment (DASP). How much depends on your visa type. Check the ATO’s DASP page for current rates.

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