Start Travelling Australia Right

28Jan 2018 by roxyprophet

How to use your Australian bank account efficiently

Banking, Money Transfer, Work Essentials

Using your Australian bank account efficiently starts with preparing for your Bank ID check when you land. When you set up a bank account from overseas, once you land in Australia you will need to do an ID check to officially activate your account. You cannot withdraw money if your account is not activated.ID Check Checklist:Checklist of information you should prepare. Make sure you do your ID check within two weeks of landing in Australia and no later than six weeks after. The sooner you do it the easier it is.Banking app: Download the bank app and log in. Get it all set up and ready to use from day one. This will be used to verify your account and you want to make sure you can access your statements…

27Jan 2018 by roxyprophet

How to apply for an Australian Tax File Number (TFN)

Tax, Work Essentials

A tax file number (TFN) is your unique identifier. It is issued by the Australian Taxation Office (ATO) to any individual, company, Superannuation fund, partnership or trust who pays tax.Your employer will give you a tax declaration form to fill out when you start work. Make sure you include your TFN and so they pay tax to the ATO on your behalf.Tip: You should apply for a Tax File Number within the first two weeks of landing in Australia or you won’t be able to do it online. (more…)

26Jan 2018 by roxyprophet

Using your Tax File Number (TFN) right

Tax, Work Essentials

To make full use of your Tax File Number (TFN), link it to the following services (which can help your tax return), make sure none of your information gets lost and save yourself unwanted tax charges. By using your Tax File Number (TFN) to link these services, you are connecting it to all of this information for the Australian Tax Office (ATO) to keep track of you and the costs you need to/can claim back.Link your Australian bank account & TFN:Provide your TFN to your Australian bank account so that your bank pays tax to ATO out of your interest and payments.If you don’t link your bank account to your TFN, the bank will pay the highest marginal tax rate out of your payments. Therefore, even if you don’t lodge a…

25Jan 2018 by roxyprophet

What is Superannuation (Super)?

Super, Work Essentials

The most common question I hear is what is Superannuation (Super)? Super is your pension scheme. I know what your thinking…. Why do I need a pension scheme on a Working Holiday Visa? I will never see that money again!Well, what if I told you your employer contributes and you get to leave Australia with a nice little savings pot? In Australia, it is mandatory for every company to contribute the equivalent of 9.5% of its employees’ wage to a pension scheme each month if they earn over $450 a month. This is not taken out of your wage it’s an add-on. If you are a temporary resident who works in Australia, you are entitled to receive a Superannuation guarantee from your employer and then withdraw it (minus tax) when…

24Jan 2018 by roxyprophet

What is Medicare & how does it work?

Work Essentials

What is Medicare?It took me a long time to work out what Medicare is and how it applies to a working holidaymaker. So I have pulled all my research together for a quick read.Medicare is a scheme that gives Australians access to Healthcare. Like the NHS in the UK, Medicare helps make healthcare affordable. Medicare lets people get a range of medical services and prescriptions at a lower cost and free care as a public patient in a public hospital.Once enrolled in Medicare, within 10 working days you will receive a Medicare Card in the post with your Medicare number on. Keep this safe because you don’t want anyone else to use it. (more…)

23Jan 2018 by roxyprophet

How to get a Superannuation refund (DASP)

Super, Work Essentials

Departing Australia Superannuation Payment (DASP)Departing Australia Superannuation refund (payment) is something everyone overlooks. Most people who complete a Working Holiday in Australia don’t know that when they leave Australia they can get a Superannuation refund (DASP). Here are some details you need to know to get a Superannuation refund and start adding to your next savings pot for a new Adventure!All you need is the following criteria to claim:Visa (expired or cancelled)You are no longer in AustraliaNot an Australian or New Zealand citizen or permanent resident of AustraliaYou visited Australia on a temporary visaIt is recommended you have no more than $5000 to claim back because with over $5000 you will need an immigration status certificateTip: Before applying check with your employer that all of your Super payments are complete.When…

22Jan 2018 by roxyprophet

Everything you need to know about lodging a Tax Return as a Working Holidaymaker

Tax, Work Essentials

Before lodging your tax return it’s important you know and understand the answers to the following three questions about tax residency and the Australian tax system: YOUR TAX RESIDENCY:1 - What is the difference between an Australian resident for tax purposes and a foreign resident for tax purposes?2 - Are you an Australian or foreign resident for tax purposes?TAX SYSTEM CHANGES:3 - How do the changes to the tax system on January 1st 2017 affect my tax return as a Working Holidaymaker? Keep reading to uncover a full step-by-step guide that answers the above questions and explains why they are important to you as a Working Holidaymaker. Then, at the end of this guide, download a full step-by-step checklist to help you lodge your return.By following this guide, you can make sure you are completely…

01Jan 2018 by roxyprophet

What you need to know about the Australian Working Holiday Visa

Visas

Everything you need to know about the Australian Working Holiday Visa in four easy steps. Your first leap into your Australian adventure is applying for your visa. The steps below outline everything about the visa, from how long it takes, how to apply by yourself or what to look for if you get a visa company to help you. Click on the first paw print below to get started. Click on the first paw print below to get started: STEP 1: Three important details to know about the Australian Working Holiday Visa before applying STEP 2: Visa Packages: Are add-on Visa perks worth the extra cost? STEP 3: Applying for an Australian Working Holiday Visa right STEP 4: How to use your Australian Working Holiday Visa right Don’t have time to…

31Dec 2017 by roxyprophet

Three important details to know about the Australian Working Holiday Visa before applying.

Visas

The first step in starting your Australian Working Holiday right is understanding the visa you’re about to apply for. Here are the three most important details to know before applying:It’s digital:The visa does not get stamped into your passport. It’s electronically linked to your passport number. So, there is no need to post your passport anywhere. Just make sure you keep note of all the information you provide when applying for the visa because it is up to you to keep it up-to-date.Activate within 12 months:From the date your Working Holiday Visa is granted, you have 12 months to set foot in Australia. You activate the visa by landing in Australia and passing through customs.Tip: This is a great way to commit to saving for a year! So take the leap, apply…

30Dec 2017 by roxyprophet

VISA PACKAGES: Are add-on Visa perks worth the extra cost?

Visas

It is easy to get lost in all of the Australian Working Holiday Visa packages on offer. Often times, the visa and three working essentials are seen as the top priorities to organise for many people moving abroad. While other ‘add-on’ visa perks are tempting, sometimes they are more hassle than they're worth. (more…)

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