Monday, April 14, 2008

Be Careful with your Tax File Number

The ATO is reminding taxpayers to keep their Tax File Number secure.

People are increasingly being asked to provide their TFN when it isn't needed. Watch out for bogus job advertisements that ask for your personal details including your TFN. It does not have to be provided to potential employers.

Only certain people can ask for your TFN, the most common being:

• the Tax Office when discussing your tax records
• your employer once you have started work
• your bank or other financial institution
• your tax agent
Centrelink, and
• your superannuation fund.

To read the full ATO media release along with tips for keeping your TFN safe, see here.


0 comments:

The comments provided in this blog are general in nature and not intended to be specific advice. Each situation is different. You should discuss your circumstances with Alan (or another tax agent) to obtain individual advice before acting on any information.