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Tax File Number - what is it?Tax File Number (TFN) is a unique registration number the Australian Taxation Office (ATO) uses to manage information about you. This number is used in all your taxation affairs, like registering with your employer, lodging your Tax Return or even claiming your Superannuation. You should only give it to persons you trust. By law, not everyone is entitled to ask you about your TFN. Persons entitled to have your TFN (and ask you about it) are: your Tax Agent (us or other person that holds a license), employers, Superannuation Funds and banks. By law you don't have to provide them with your TFN but not providing it will result in higher taxes withheld from payments to you (e.g. your Wages or interest earned on deposits would be taxed at 46.5% - this money can be later retrieved from the ATO with your Tax Return). Your Superannuation Fund can be informed of your Tax File Number at any time before claiming your Super back. |


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