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Showing posts with the label Tax

Year-End Checklist for New Migrants in Australia 2025: Tax, Super, Banking, Visa

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Year-End Checklist for New Migrants in Australia (2025) 31 December 2025 • Updated for tax year 2025–26 End of year is the right time to review tax, super, banking, and visa status. As 2025 closes, new migrants in Australia should review tax obligations , superannuation accounts , banking setup , and visa compliance . This checklist ensures you start 2026 financially organised and legally compliant. Tax: lodge, records, offsets Superannuation: consolidate and review Banking: accounts, savings, transfers Visa: work rights and compliance Budget: set goals for 2026 FAQs 1. Tax: Lodge, Records, Offsets Check your TFN: ensure it’s linked to employers and bank accounts. myGov + ATO: link your ATO account to view income, PAYG, and deductions. Keep records: work-related expenses, transport, home office, courses, tools, uniforms. Offsets: ...

Australia Tax File Number (TFN) & Superannuation for Newcomers (2025)

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Australia Tax File Number (TFN) & Superannuation for Newcomers (2025) 2 November 2025 • Updated for 2025–26 Get your TFN early and make sure your super is paid at the correct rate. New to Australia? This guide explains how to apply for a Tax File Number (TFN) , how superannuation works in 2025–26, and what to do to avoid unnecessary withholding and fees . It also covers stapled funds , contribution caps , and DASP for temporary residents who leave Australia. TFN basics How to apply for a TFN (2025) Give your TFN to a bank or payer Superannuation basics in 2025–26 Choosing or finding your super fund Contribution caps and simple strategies Leaving Australia: DASP FAQs TFN Basics TFN is your personal tax identifier. Keep it private. Free to apply. Most newcomers can apply online after arrival. You need a TFN to work, fi...