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ChantelleATO(Community Support)Community Support
24 Oct 2023

Hi @HeleneM


If your son is earning interest from his savings, the bank will withhold tax.

You can apply for this back using our refund of over-withheld withholding tax form - this is if they've withheld non-resident tax which is usually what they do if they don't have your TFN.

You may also need to consider if you son will need a TFN for the bank to stop further withholding tax.

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RE: My son is 13 years old and the bank has withheld Tax from his savings account. He doesnt work. | ATO Community