Applying for a Departing Australia Superannuation Payment (DASP)
If you are a former temporary resident who accumulated superannuation (super) while working in Australia, you
On 15 September 2016, the Government announced changes to the superannuation measures announced in the May 2016 Budget.
There is now a proposal to lower the existing non-concessional (post-tax) contributions cap from $180,000 to $100,000 per annum with a three-year bring forward period for individuals under age 65 (i.e. $300,000 over three years).
Individuals with a balance of more than $1.6 million will no longer be eligible to make non-concessional contributions.
The new non-concessional contributions cap of $100,000 per annum is intended to begin from 1 July 2017. Until then, the current treatment of non-concessional contributions apply.