TAX FILE NUMBERS (TFN)
Tax file numbers (TFNs) are issued by the Australian Taxation Office (ATO). Your TFN is used to identify your tax records.
Everyone has a different TFN. Your TFN is yours for life, even if you change jobs, move interstate or change your name. If you leave the country and later come back to Australia, you still use the same TFN.
When you make enquiries about your tax records, the Australian Taxation Office will ask you for your TFN. They will also ask for other information to check that you are who you say you are.
WHY DO I NEED A TAX FILE NUMBER
It is not compulsory to have a TFN. However, without it:
1. your employer must take 46.5% of your wages in tax
2. financial institutions are required to tax your interest at 46.5%
3. Centrelink will generally not pay you an allowance such as - Youth Allowance, Newstart or Austudy
4. You will not be able to defer your higher education fees
The easiest way to get a Tax File Number is to come to the careers room and ask for an application form for
a Tax File Number.
WHAT HAPPENS IF I HAVE LOST MY TAX FILE NUMBER?
Call 132 861 from 8am- 6pm
Everyone has a different TFN. Your TFN is yours for life, even if you change jobs, move interstate or change your name. If you leave the country and later come back to Australia, you still use the same TFN.
When you make enquiries about your tax records, the Australian Taxation Office will ask you for your TFN. They will also ask for other information to check that you are who you say you are.
WHY DO I NEED A TAX FILE NUMBER
It is not compulsory to have a TFN. However, without it:
1. your employer must take 46.5% of your wages in tax
2. financial institutions are required to tax your interest at 46.5%
3. Centrelink will generally not pay you an allowance such as - Youth Allowance, Newstart or Austudy
4. You will not be able to defer your higher education fees
The easiest way to get a Tax File Number is to come to the careers room and ask for an application form for
a Tax File Number.
WHAT HAPPENS IF I HAVE LOST MY TAX FILE NUMBER?
Call 132 861 from 8am- 6pm