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Withheld interest & withholding tax

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If you don't supply a valid TFN, we may be required to withhold part of your interest earnings. The amount withheld may differ depending on whether you are an Australian resident for tax purposes or an offshore resident.

How do I get my withheld interest back?

Interest earnings withheld by Earnr can be paid to you, if you supply a valid TFN.

Interest withheld during the current financial year:

Interest withheld for previous financial years:

  • We're unable to credit interest withheld in a previous financial year, as it will have been paid to the ATO in accordance with our regulatory obligations.
  • However you can claim interest withheld back from the ATO in your annual tax return (or for an earlier financial year by making an amendment to the return you submitted for that year).
  • To find out how much interest we've withheld in a previous financial year head to Interest Summary or Annual Tax Statements in the Earnr App or by logging into Earnr Online.

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