How do I get a Tax File Number?
You can apply for a Tax File Number by:-
- Completing an online form and then booking an appointment at Australia Post. The appointment must be held within 30 days of completing the form. You must take the completed form and proof of identity documents with you to that meeting.
- Department of Human Services customers can apply in person.
- You can also order an application form and mail it to the ATO.
Our clients have tended to prefer the Australia Post option. A Tax File Number (TFN) should issue within 28 days. You can access the Australia Post TFN application form here – https://identityservice.auspost.com.au/ato/landing
You can apply at any age for a TFN.
Common reasons for young people to apply are:-
- Required for part time work.
- To be able to register for a university course (and the HELP system).
- Notifying bank of your own TFN rather than your parents’. Banks will withhold tax at 47% where interest is more than $120 and a child is over 16. The limit is $420 where a child is under 16.
In reality, it’s never too early to apply for a TFN.
A TFN is a most sensitive personal identifier. Extreme care should be taken to protect it. If you believe your TFN has been stolen, you should report the ATO’s Client Identity Support Centre on 1800 467 033 (open between 8.00am and 6.00pm, Monday to Friday).
You may also wish to watch the ATO’s YouTube video on applying for a Tax File Number.
At MRS, we will spend today planning for your success.