Be sure to quote your tax file number to your superfund or you may find your contributions will be taxed at the top marginal rate. Recent changes to super specify that:
Where an existing member has not quoted a tax file number to the fund (by 30 June), the contributions will be taxed at the top marginal rate plus Medicare (levied on the fund) if contributions exceed $1,000.
For new members the $1,000 threshold does not apply.
We recommend you always provide your TFN.
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