BT addresses super TFN issue online
Amid growing concerns about the impact of Tax File Number (TFN) requirements on superannuation fund members, BT Financial Group has today announced it has launched an online tool designed to capture and update customer’s TFN information.
BT head of Super Solutions Gary Cox said the online service was the most simple and efficient means of updating and providing TFN details and meant there was no need to fill in paper forms or fax details.
“It’s simply a matter of keying in a few details on the PC or laptop,” Cox said.
He said BT believed it was important to make the processes as simple as possible for members to ensure they did not need to pay any unnecessary tax when the new super reforms come into effect.
AUTHOR
Mike Taylor
Recommended for you
After seven years at the company, Iress’ chief technology officer for wealth management APAC, Anthony Gerrits, has departed as the firm commences a search process to fill the role.
With advice firms thinking about scaling up in 2025, research has detailed the main avenues financial advisers say they have used for successful recruitment.
The board of Insignia Financial has reached a decision regarding the possible acquisition of the firm by US private equity giant Bain Capital.
Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses.
