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When is Withholding Tax deducted?

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Last updated 29 June 2016


Withholding Tax is deducted when we make an interest payment into your account.

Withholding tax may apply to interest earned on your account/s unless you have provided us with your Tax File Number (TFN) or TFN exemption code. Note that declining to provide your TFN or TFN exemption code is not an offence.

Double-check you’ve told us your Tax File Number (TFN) or TFN exemption code in NetBank.

Go straight to Interest & tax summary in NetBank or

Log on to NetBank > View accounts > Interest & tax summary

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