It is not a legal requirement for you to provide your Tax File Number (TFN). However, if you don't provide your TFN:
We're legally required to withhold tax on your investment income at the highest individual income tax rate (45%) plus Medicare levy (2%).
This means nearly half of your investment income is withheld upfront.
You may claim this withheld amount as a credit on your tax return.
If you provide your TFN:
You'll receive your full investment income without any automatic tax withholding.
You'll avoid unnecessary paperwork at tax time.
Providing your TFN takes just a few minutes. Simply open the Spaceship app, head to the menu, and tap 'Update Tax File Number (TFN)' under the Spaceship Voyager section.
Important: You need to provide your TFN for each individual Spaceship Voyager portfolio you hold. We cannot share your TFN between products.