Banyule Youth Services

Creating a Tax File Number (TFN) is easy and it’s free. It identifies you for tax and superannuation purposes with employers and the Australian Taxation Office (ATO). Once you create a TFN it is yours for life.

Having a TFN before commencing any employment is important; if you do not declare your TFN before undertaking work, employers are required to withold 47% of wages.

To apply for a TFN, you will need to complete the online form, then print the summary and attend any of the participating Australia Post outlets with your proof of identify documents. You will receive your tax file number with in 28 days.There is also an ability to do this online only if you are over 15 years and have everything to establish a myGovID.

Click HERE for more information.

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More Resources To help Research and Plan your Business Idea

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