Superannuation is a tax effective way of investing for your retirement. There are various tax rules that affect your superannuation so there are advantages to making sure we have your Tax File Number (TFN).Providing your TFN means:
- we can accept all types of contributions (particularly personal contributions) to your account
- the tax on contributions to your super account won’t increase
- other than the tax that will ordinarily apply, we won’t have to deduct any additional tax when you start drawing down your super
- it’ll make it much easier to trace different super accounts in your name and ensure that you receive all your super when you retire.
What happens if you don’t provide your TFN?
- we are unable to accept ANY personal contributions
- you may have to pay a higher tax on the contributions your employer pays on your behalf
- you may have to pay a higher tax when you withdraw from your account.
How do I know if I have supplied my TFN?
If you joined us after 1st July 2007 then your employer should have provided your TFN to us when your account was opened. But this may not always happen.
To confirm whether we have your TFN:
- check your most recent member statement in the top right hand corner
- login to your online account and check your member details
- call us on 1800 331 719.
How do I provide my TFN?
You can do one of the following things:
- Ask your employer to provide your TFN on your behalf.
- Complete the Providing my TFN form or submit your TFN online.
- Call us on 1800 331 719.
We collect your personal information for purposes outlined in the Trustee’s Privacy Statement. Further detail can be found in the Health Super Product Disclosure Statement (PDS). Alternatively, read the Privacy Policy at healthsuper.com.au. If you would like a copy, or if you would like to access or update the personal information we hold about you, please contact our Privacy Officer on 1800 331 719.