How to submit my Tax File Number?

Provide your TFN to avoid withholding tax on your investment income. from ExtrasJar

Reece Frazier avatar
Written by Reece Frazier
Updated over a week ago

A Tax File Number (TFN) is a unique 9-digit identifier issued by the Australian Taxation Office (ATO) for taxation purposes. If you already have a TFN, you can find it via the following: ATO app or your ATO account, on your income tax notice of assessment, on some letters sent by ATO, on a payment summary or income statement from your employer, and your superannuation account statement.

Meanwhile, if you don’t have a TFN yet, you can send an application either online or by paper, depending on your circumstances and residency status. It is free to apply for a TFN, and there is no required age to send an application. For more information, visit here.

Providing your TFN to financial institutions like ExtrasJar is not mandated by law. But, if you do not provide us with such information, we are required to withhold tax from any investment income you receive from us at the highest marginal tax rate plus Medicare levy. However, as part of your tax return, you may be able to claim a credit from the ATO for amounts withheld.

Submit your TFN to ExtrasJar by following these simple steps:

  • Log into your ExtrasJar Extras Account via the ExtrasJar app

  • Go to Profile

  • Click Personal Information

  • Look for “Tax details” and click “Edit”

  • Enter your Tax File Number in the empty field.

How to claim a TFN exemption?

If you need to provide a TFN exemption reason, you can also do it on the ExtrasJar app

  • Go to Profile

  • Click Personal Information

  • Look for “Tax details” and click “Edit”

  • Click “I’d like to claim a TFN exemption”

  • Tick the box/es with the exemption reason/s that apply/ies to you

  • Hit Submit

The ExtrasJar team will review your submission and update you accordingly if we successfully tagged you as exempted for TFN or would need other supporting documentation for verification purposes.

Did this answer your question?