We’re authorised to collect your TFN. Its use and disclosure is regulated by tax laws and the Privacy Act. You’re not obliged to provide us your TFN. However, if you don’t provide your TFN or provide a TFN exemption, we’re required to withhold tax at the highest marginal tax rate plus the Medicare Levy from any interest that you earn on a Stash. The amount we withhold will be paid to the Australian Tax Office (ATO).
You can provide us with your TFN when you open your Stash or at any other time. To do so, tap on the profile icon top left in the app, tap on ‘Personal Info’ and scroll to the bottom.
We’re required to report the details of any interest income earned, withholding tax deducted and TFN's quoted to the ATO.