Withholding tax will be collected when you make a full withdrawal from your Blossom account. The amount withheld will be clearly displayed in your app when you make your withdrawal request. If you have not made a full withdrawal during the year, we will collect your withholding tax by making a withdrawal for you after the end of the financial year. A maximum of 15% of your earnings (your earnings, not your total investment!) will be collected by us. The withholding tax will then be paid to the Australian Taxation Office (ATO) on your behalf.

Withholding tax will be collected when you make a full withdrawal from your Blossom account. The amount withheld will be clearly displayed in your app when you make your withdrawal request. If you have not made a full withdrawal during the year, we will collect your withholding tax by making a withdrawal for you after the end of the financial year. A maximum of 15% of your earnings (your earnings, not your total investment!) will be collected by us. The withholding tax will then be paid to the Australian Taxation Office (ATO) on your behalf.

At the end of the financial year, it’s possible that the amount of withholding tax we withheld for you may have been too much. If we’ve withheld too much tax, we will refund the excess to you.

This is not tax advice. We recommend you seek your own advice from a tax professional.

How will Withholding Tax be deducted?

How much Withholding Tax will I have to pay?

What are the tax implications?

What is Withholding Tax?

Do I pay tax to the Australian Taxation Office or IRD?

What is a Foreign Tax Credit?

How do I apply for a Foreign Tax Credit?

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

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

Can I have help preparing my Capital Gains Tax Statement?

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.

How will Withholding Tax be deducted?

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How will Withholding Tax be deducted?

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