Once you’re earning an income in Australia, you’ll most likely have to pay tax. Your employer will give you a form to fill out, which will include a section on whether you're a resident or foreign resident. This is because there are different tax rates for each. If you’re a foreign resident, you won’t be eligible for the tax-free threshold ($18,200 for residents2) and you’ll be charged tax on every dollar you earn. You can find out about our tax rates on the Australian Taxation Office website.
You’ll also need to give your employer your Tax File Number (TFN), which helps make sure you pay the correct amount of tax. It’s quick and easy to apply for a TFN online.
In Australia, employers generally have to pay money into a superannuation account for you, to help you save for a comfortable retirement. Currently equal to 9.5% of your annual salary, these superannuation payments are locked away until you retire or leave the country―so if you’re only in Australia for short time, you may be able to claim your super when you leave.
Once you start work, you can let your employer pay this into a super fund of their choice, or else choose your own. To find out more about super, check out our quick and easy super guide or visit the Australian Government website.