Superannuation funds are authorised to ask members for their TFN. You do not have to provide your TFN but, if you do not provide it:
1300 360 373.
|* This is also affected by the increase in the Medicare Levy and the proposed 'temporary budget repair' levy. For the details see the fact sheet on Superannuation taxes|
To help you save for your retirement, the Government provides a range of tax concessions and incentives through superannuation. The tax system however, is complex and different rules may apply depending on your individual circumstances.
You should consider seeking professional taxation advice before making any decisions affecting your super and financial future.
Super can be subject to tax on:
There are also special tax rules that may apply on:
You can find out more about the above taxes and how they apply to super and your benefits in the APSS by reading: