Superannuation is a cornerstone of your financial future, and for temporary residents, accessing it correctly upon departure is vital. We provide comprehensive administration for self-managed super funds (SMSF) and assist eligible temporary residents with their Departing Australia Superannuation Payment (DASP) claims.
WhyEverest Tax?
Compliance Management
Ensuring your SMSF adheres to all ATO regulations, including annual reporting, audit facilitation, and compliance with SIS Act requirements.
Application Preparation & Lodgement
Assisting with the accurate completion and secure lodgement of your DASP application with the ATO, ensuring all required documentation is provided.
Financial & Tax Reporting
Preparation of annual financial statements, member statements, and lodgement of the SMSF annual tax return.
Superannuation Contribution Strategies
Advising on optimal superannuation contribution strategies (concessional and non-concessional) to boost your retirement savings while potentially reducing your current tax liability.
Contribution & Pension Advice
Guidance on contribution caps, pension strategies (e.g., commencing pensions, managing minimum/maximum payments), and tax implications for your SMSF.
Tax Withholding Guidance
Explaining the tax implications and withholding rates that apply to your DASP, which can vary based on your visa type (e.g., Working Holiday Maker vs. other temporary visas).
Frequently Asked QuestionFAQs
What are the main benefits of having an SMSF administered by Everest Tax?
We ensure your SMSF remains compliant with complex ATO and superannuation laws, manage all financial and tax reporting, and provide expert advice on contributions, pensions, and investment strategy implications, giving you peace of mind.
Who is eligible to make a Departing Australia Superannuation Payment (DASP) claim?
Generally, you must be a temporary resident who has left Australia permanently, and your visa must have ceased to be in effect. There are specific rules for working holiday makers and other temporary visa holders, which we can help you understand.
How long does the DASP claim process take, and what tax applies?
The processing time can vary but typically takes a few weeks once all documentation is submitted. The tax withheld on a DASP depends on your visa type. For working holiday makers, a specific DASP tax rate applies, while other temporary residents face a different rate. We’ll advise you on the applicable rates