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Finance Message Boards

Tax 2008

Overseas income and super

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By: ecchi.gaijin
19/01/2009
10:33 am

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  ecchi.gaijin

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Re:Overseas income and super Reply to this message
Kerryn, if you are living in Australia, performing your work duties in Australia and a resident for taxation purposes, then I do not see how your company can not be paying your compulsory super. If you contact the ATO on 13 10 20 they should be able to help you confirm the correct position based on your circumstances. You may find that your employer is doing the wrong thing and the ATO can help you recover some superannuation.

By: kerryn_flkr
17/01/2009
2:19 pm

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Re:Overseas income and super Reply to this message
Thanks for your thoughts, akdoc1. I'll look up those articles.

By: kerryn_flkr
17/01/2009
2:19 pm

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Re:Overseas income and super Reply to this message
ecchi.gaijin - Yes, I live in Australia and work for an Irish company.

By: akdoc1
17/01/2009
7:37 am

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Re:Overseas income and super Reply to this message
Employer has to pay 9% of your earnings, as far as I know you don't have to pay any thing on overseas income so count yourself lucky, invest your own money. Super is a dead loss you never recover the value of what you pay over a life time. Compulsory super just creates a pool of stupid money that has to be "invested" even in deppressed markets which leaves it there for all the leaches to suck on and bleed it dry. Compulsory super is just there to make life easier for incompetent politicians who are unable to run a national pension fund efectively.
http://www.ing.com.au/public/ms_learn/6250.asp

http://www.onlineopinion.com.au/view.asp?article=4 028

By: ecchi.gaijin
16/01/2009
3:06 pm

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  ecchi.gaijin

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Re:Overseas income and super Reply to this message
I am not aware of any limit on how much you are permitted to contribute to super. Depending on your circumstances you possibly would not be entitled to any deductions or rebates on your contributions. If this is the case then the contributions may also be exempt from being taxed in the super fund.

when you say you are a resident working for an Irish company, do you mean you are living in Australia and working for an Irish company or you moved to Ireland temporarily?

By: kerryn_flkr
16/01/2009
1:36 pm

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  kerryn_flkr

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Overseas income and super Reply to this message
Hiya, I didn't quite know where to put this. I work for an overseas employer (in Ireland) but am resident in Australia. Since they don't pay the compulsory super, I'm stuck doing it out of my own pocket. How much can I contribute and what would I be taxed on this? Any help? Have already searched the ATO and super fund website. Thanks!
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