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  1. #1
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    Default Tax and bank interest?

    Does anyone know if banks are bound by the same 14 day period in which employers are to get your group certificate sent out?

    I need to know how much tax was withheld from the interest i earnt and i'm so over waiting. I just want to do my tax..lol

    The info still isn't available by pre-fill and i still haven't received anything from the bank.
    Last edited by HarvestMoon; 14-07-2012 at 11:52.

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    Im not much help. All i know is we had a lot of money before we bought our house in march in an internet account and that was the only interest we put on tax form. Other savings accounts dont bother. And I have never been told there was any tax withheld from that interest

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    Have you supplied the bank with your tax file number? If you have, they wouldn't be withholding the tax I would think. If you have Internet banking, just log on and check - the interest earned in the financial year should be there.

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    No i never supplied the bank with my tfn hence the fact they withheld tax.
    I can look up the amount of interest i earnt online but i can't see the tax.
    It's so frustrating. It didn't take them this long to send out a letter with the details last year.

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    Maybe just call and see if they can tell you over the phone.

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    Called them and apparently end of financial years statements come out on monday and it should be sent with that. So probably won't get the physical copy til mid week but hopefully the info becomes available on etax before then.

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    Quote Originally Posted by HarvestMoon View Post
    No i never supplied the bank with my tfn hence the fact they withheld tax.
    I can look up the amount of interest i earnt online but i can't see the tax.
    It's so frustrating. It didn't take them this long to send out a letter with the details last year.

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    I haven't given my bank my tfn either.... Can u fill me in on why I need to know how much tax they withheld? I feel like I'm missing something!

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    Quote Originally Posted by kezanazz View Post
    I haven't given my bank my tfn either.... Can u fill me in on why I need to know how much tax they withheld? I feel like I'm missing something!
    You'll need it when doing your tax.
    You have to declare how much income you earnt and how much tax you've paid from all sources.

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    A tax agent can look that up for you when doing your tax. All intrest must be available online for them? Not sure how but mine does it every year

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    Quote Originally Posted by jordansmumma View Post
    A tax agent can look that up for you when doing your tax. All intrest must be available online for them? Not sure how but mine does it every year
    It becomes available by pre fill on etax. I would assume thats how they do it.
    I personally wouldn't pay to have my tax done. Mine is rather simple.

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