this post was submitted on 21 Mar 2025
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Appreciate heads up on the superannuation. I understand the company to pay 14% of base pay into super, on top of “normal” pay. I’ll verify though. All the tax stuff as an expat has me spinning. Fortunately we shouldn’t have to worry too much until next year.
Yeah, not sure if you intend to return to the US, or stay in Australia forever, but basically there is trouble with getting Australian Super to the US, or 401k to Australia.
The US-Australia tax treaty basically ignores super/401k etc and it can have big tax implications. Eg, withdrawing from a US 401k as an Australian taxpayer is regarded as taxable income.
Best to get tax advice, as everyone's situation is different.