Submitting your TFN
Why does Nationwide Super require your Tax File Number (TFN)?
We are authorised to collect your TFN to be used for lawful purposes under the Superannuation Industry (Supervision) Act 1993 (Cth)*.
What happens if you don’t provide your TFN?
Declining to quote your TFN is not an offence. However, if you do not give your TFN to us*:
- We will not be able to accept any personal contributions from you, which also means you may miss out on the government co-contribution
- You may have to pay higher tax on the contributions your employer pays on your behalf
- You may have to pay higher tax on super benefits you withdraw from your account (however you may be able to claim this back at the end of the financial year in your income tax assessment)
- It may be more difficult to locate super accounts held in your name
*The lawful purposes for which your TFN can be used and the consequences of not quoting your TFN may change in the future as a result of legislative change.
How do you know if you have supplied your TFN?
It is likely that your employer has already provided your TFN to us, however you should confirm that we have your TFN by checking your member details through MemberAccess, or on the front page of your most recent Annual Super Statement.
How can you provide your TFN?
You can provide us with your TFN by one of the following methods:
- Update your details through MemberAccess
- Ask your employer to provide your TFN to us
- Download, complete and return a TFN Notification Form to us
- Call us on 1800 025 241