- Log in to nabtrade using your User ID and Password.
- Navigate to Settings > Profile > Citizenship and tax residency.
- If your TFN is not provided, select Edit.
- Enter details and select Save.
Security Alert: Scam Text Messages
We’re aware that some nabtrade clients have received text messages claiming to be from [nabtrade securities], asking them to click a link to remove restrictions on their nabtrade account. Please be aware this is likely a scam. Do not click on any links in these messages. nabtrade will never ask you to click on a link via a text message to verify or unlock your account.
Why do I need to provide a Tax File Number?
It's not compulsory for you to tell us your TFN, Australian Business Number (ABN), or exemption code (if you have one). However, it is important to supply it for a number of reasons:
Withholdings Tax on interest earned
- If you don't provide your TFN, we may need to deduct Pay As You Go (PAYG) withholding tax at the maximum marginal tax rate (plus the Medicare levy) from any interest you earn on your cash products. You might be able to reclaim the withholding tax in your next tax return, however you should seek professional tax advice to confirm this as nabtrade is not a tax specialist.
International Trading
- Should you want to trade international stocks with nabtrade, it is a requirement that you supply your TFN to prove that you are an Australian Resident for tax purposes.
- If you do not want to supply your TFN you will still be able to trade standard domestic securities.
NOTE: Should you have more than one nabtrade account, you will need to add each corresponding TFN to your nabtrade accounts.
For security and privacy purposes, please do not email us your TFN.
To check to see if your TFN is held by nabtrade:
- Log in to nabtrade using your User ID and Password.
- Navigate to Admin > Personal Details.
- If your TFN is not held, please enter it online by clicking Edit.
