While it is not compulsory, we recommend providing us with your Tax File Number within the Blossom web, iOS or Android app.

While it is not compulsory, we recommend providing us with your Tax File Number within the Blossom web, iOS or Android app.

If we do not receive your TFN and you don’t give us a valid exemption, we must withhold tax at the highest personal rate, plus the Medicare levy, before passing on any distribution to you. The law is very strict on how we can use TFN details. If this withholding tax applies, it is merely a collection mechanism and an investor may claim a credit in their annual income tax return in respect of the tax withheld.

To avoid this, please enter your TFN in the ‘Settings’ tab as soon as you can!

Why does Blossom need my Tax File Number?

Can I have help preparing my Capital Gains Tax Statement?

I can't update my TFN in the app

Do I have to pay tax?

When will I receive my tax statement?

What if I have closed my Blossom account but still need access to my statements?

What are the tax implications?

What type of information will I get to assist me in completing my tax return?

Taxes

Blossom App

Answers are general in nature only and do not take into account your personal objectives, financial situation or needs. Refer to the [PDSs](https://www.blossomapp.com/documents), [TMDs](https://www.blossomapp.com/documents) and [FAQs](https://www.blossomapp.com/documents) for further information.

Why does Blossom need my Tax File Number?

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Why does Blossom need my Tax File Number?

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