About Super
Do I need to provide my Tax File Number (TFN)?
Super funds are required to ask for your TFN and it is to your benefit to provide it.
Your TFN is confidential and Accountants Super will treat it as such.
While it is not compulsory to provide your TFN, you should be aware that if you choose not to:
- Your contributions will generally be taxed at the highest marginal tax rate (plus Medicare levy) rather than the concessional rate of 15%.
- You will not be able to make voluntary member contributions after 1 July 2007
- It may be difficult for the ATO to assess if you are eligible for the Government Co-contribution
Your TFN will be used to:
- Help identify your benefits if other information is insufficient
- Calculate tax on your benefit
- Enable the fund to accept your voluntary member contributions, after 1 July 2007
- Provide information to the Commissioner of Taxation for contribution reporting
- With your consent, pass on to another Super fund in the event of you transferring your benefit there
- Submit to the Australian Taxation Office if required, for example, if you have unclaimed monies.
Your member statement and your eSuper account will show you if we already have your TFN. If we don't have it and you choose to provide it, please complete the Tax File Number (TFN) Notification Form, ask your contributing employer to pass it on, or call us.