As joint owners, income earned in the account will require each account holder to submit their proportion of income for tax purposes. Blossom does not give tax advice. Individual circumstances can be complex.  We recommend consulting a tax professional for specific advice.

As joint owners, income earned in the account will require each account holder to submit their proportion of income for tax purposes. Blossom does not give tax advice. Individual circumstances can be complex.  We recommend consulting a tax professional for specific advice. 
Each year, we’ll provide an Attribution Managed Investment Trust Member Annual (AMMA) tax statement to assist with your tax return. This statement includes details of your earnings with Blossom.
Additionally, withdrawing funds may have tax implications, depending on your individual circumstances. For more information, please refer to the "What about tax" section in the PDSs.

What about tax for joint accounts? 

How do I fund a joint account?

How can I update the bank account linked to my Blossom joint account? 

Can we set withdrawal limits on a joint account?

How do I link a bank account to a joint account? 

Can either account holders make withdrawal requests?

What is a joint account?

Who can open a joint account?

How do I open a joint account?

Who suits a joint account?

Can I convert my existing account into a joint account?

Can I have a business or SMSF account as well as a joint account?

How can my savings partner and I access our joint account?

How do I keep track of my saving partner’s transactions and activity on our joint account? 

What happens if there is a dispute between account holders?

How many joint accounts can I open?

How are joint account withdrawals processed?

I want to close my joint account

Joint Accounts

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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.

What about tax for joint accounts?

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What about tax for joint accounts?

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