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 AESuper 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 will show you if we already have your TFN. If we do not 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.

Since 1 July 2007, employers must pass the TFN of all new employees to their chosen superannuation fund.

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© 2009 Australian Enterprise Super
 

The information contained on this website is of a general nature only and does not take into account your personal objectives, situation or needs. Before making a decision about Australian Enterprise Super, you should consider your own requirements and the relevant Product Disclosure Statement. To obtain a copy, call us on 1800 555 024 or download it from this website.

Professional Associations Superannuation Limited (PASL) (ABN 14 056 917 303 RSE L0000352 AFSL 222590) as Trustee of Professional Associations Superannuation Fund (PASF) (ABN 78 984 178 687 RSE R1000429). Australian Enterprise Super is a Division of PASF.