Tax file number

Do I have to provide my fund with my tax file number?

It is not compulsory to supply your tax file number (TFN). However, if you do not there may be consequences such as:

  • Media Super cannot accept personal after tax (non-concessional) contributions if you have not provided your TFN
  • Where you, or your employer on behalf of you, make a concessional contribution (Superannuation Guarantee and/or salary sacrifice) and Media Super does not hold your TFN, Media Super will be required to deduct and pay to the ATO an additional 31.5% tax (in addition to contributions tax of 15%) on the contribution recieved
  • Your benefit upon exit from the Fund may be taxed at the top marginal rate if Media Super does not hold your TFN
  • Should you have multiple benefits in the Fund, Media Super may not be able to locate and amalgamate these benefits
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