Adding tax file number or TFN exemption to my accounts

Providing us with your tax file number (TFN) is not compulsory. However we may withhold tax on interest paid if a TFN or an exemption is not provided.

1. Log in to Macquarie Online Banking 
2. Hover over your account 
3. Select I want to
4. Select Manage tax details in the menu drop-down
5. Follow the instructions to add your TFN or TFN exemption to your eligible accounts.

You can choose to update multiple eligible accounts by selecting which accounts you’d like to apply your TFN or TFN exemption to. For Cash Management Accounts and Term Deposits, you’ll need to update your TFN or TFN exemption separately by following the steps above.

Only available for Transaction Accounts, Savings Accounts and certain Business Savings Accounts.

1. Log in to Macquarie Mobile Banking 
2. Select your account 
3. Select I want to
4. Select Manage tax details in the menu drop-down
5. Follow the instructions to add your TFN or TFN exemption to your eligible accounts.

For some accounts you can’t add your TFN or TFN exemption details online:

• For Wrap accounts, please get in touch with your adviser to update your TFN or TFN exemption details
• If you hold a Business Savings Account in the name of an Australian Private Company, you’ll be prompted to send us an email with your company TFN or TFN exemption at digitalbusiness@macquarie.com. 

In some cases, it can take up to 3 business days for the accounts you select to be updated with your tax details. You will receive a notification via the bell icon in Macquarie Online Banking when your account details have been updated.

If withholding tax has been charged on your account, we’re unable to provide a refund. You’re able to claim the withholding tax back when you complete your tax return with the ATO.

If you’re a joint account holder, you can only update your own individual tax details. 

We may withhold tax on interest paid if a TFN or an exemption is not provided by both account holders. If both account holders wish to update their tax details, each of you must log in with your own Macquarie ID and provide your own TFN or exemption.