Non-resident tax

Your residency status affects your withholding tax. If you’re listed as a non-resident for tax purposes at any time during FY24/25, we need you to review by Tuesday 1 July 2025 that your tax residency as of 30 June is showing correctly in your online account to ensure it’s correct for your 2025 tax report.

What you need to do if your residency as of 30 June 2025 is reported incorrectly

Please complete the Change of Residency form (Wrap accounts only). You’ll need to include all residency changes throughout FY24/25, as well as your country of residence as of Monday 30 June 2025.

You can send the completed form to service@wrapinvest.com.au.

The details we have on file as of 30 June 2025 will be used in your 2025 Tax Report.

How will we determine residency for future financial years

From 1 July 2025, we’ll be determining your residency status for withholding tax purposes based on the address we have on file. This will mean:

  • You'll no longer be able to make an election regarding your tax treatment.

  • Where you have a residential or postal address that is not in Australia, you’ll be considered a non-resident for tax purposes. 

Please ensure your address is up to date. 

This information is issued by Oasis Fund Management Limited (Trustee) (ABN 38 106 045 050, AFSL 274331, RSE L0001755), OnePath Custodians Pty Limited (Trustee) (ABN 12 008 508 496, RSE L0000673, AFSL 238346) and IOOF Investment Services Ltd (Operator) (ABN 80 007 350 405, AFSL 230703). The Trustees and Operator are part of the Insignia Financial Group comprising Insignia Financial Ltd ABN 49 100 103 722 and its related bodies corporate (Insignia Financial Group). Neither the Trustees, the Operator, nor any other related or associated company guarantee the repayment of capital, the performance of, or any rate of return of the investment. The investment is subject to investment risks and other risks, including delays in the repayment of principal and loss of income or principal invested. Past performance is not an indication of future performance.

The information provided is of a general nature and does not take into account your personal needs, financial circumstances or objectives. Before acting on this information, you must consider the appropriateness of the information, having regard to your needs, financial circumstances and objectives. You must also read the relevant PDS or IDPS Guide, this information and any other current disclosure documents, including the relevant Target Market Determination, which are available by calling Customer Services on 1800 893 141 or emailing Customer Services at service@wrapinvest.com.au before making any investment decision.

The Wrap Cash Account and Wrap Invest Cash Account are issued by Macquarie Bank Limited (ABN 46 008 583 542 AFSL 237 502).

The information on this website is current as at the date of publication and may be subject to change. For further information, please contact your financial adviser or Customer Services on 1800 893 141.