Hi i recently quit dancing and thinking of starting a savings account
my question is: with a lot of high interest savings accounts, they ask for your Tax File Number when you apply. Do they ask for the TFN because they are going to tax your savings again or the interest you earn on it? I can't figure it out, apparently that's what they do in eastern europe so my mother can't help me as she is not able to provide any advice that's Australia [or western world] specific.....
how do savings accounts even work? do you just transfer your money and then not touch it and watch it grow? do they tax you on it?
i swear one day im gona write a book on how to adult properly 101 and sell it to idiots like me and make millions....smeh




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