Working 457 visas and superannuation in Australia

One of the great things about working in Australia, depending on an employee's circumstances, is access to our superannuation system.

If you have employees who are temporary residents, including 457 visa holders, it’s important to be aware that for them, the treatment of super may differ to that of Australian residents.

457 visas

Employees who hold a 457 visa may be able to:

  • work in Australia for an approved sponsor for the life of their visa (which could be up to four years)
  • bring their family to work or study in Australia
  • travel in and out of Australia as often as they want1.

Temporary residents and eligibility for super

Broadly, every Australian employer is required by law to pay 9.5% into a super account on each eligible employee’s behalf. Temporary residents may also be eligible to benefit from this – although there are a few exceptions.

For example, this requirement may depend on the type of visa they hold and the type of job the employee performs in Australia. Also, Australia has an agreement with some countries, which could mean residents of those countries do not receive super when working in Australia.

What happens when the employee leaves Australia?

When temporary residents leave Australia, any super money they have will be treated differently to that of Australian residents.

For example, they may be eligible to apply for a departing-Australia superannuation payment, but they’ll need to check with the Australian Taxation Office (ATO) about how the laws will apply to them and any fees or tax implications.

Your employees in this situation can visit the ATO’s webpage that provides information about superannuation for temporary residents departing Australia.

More information

If your employees would like more information on their personal situation, they can to speak to their financial adviser. If they don’t have an adviser they can use our online tool or call us on 131 267 and we can put them in touch with one.

Important information

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© AMP Life Limited. This provides general information and hasn’t taken your circumstances into account. It’s important to consider your particular circumstances before deciding what’s right for you. Although the information is from sources considered reliable, AMP does not guarantee that it is accurate or complete. You should not rely upon it and should seek qualified advice before making any investment decision. Except where liability under any statute cannot be excluded, AMP does not accept any liability (whether under contract, tort or otherwise) for any resulting loss or damage of the reader or any other person.