TOFA elections

The taxation of financial arrangements (TOFA) rules include a number of elections (choices).

The links below take you to information you can use to make the following elections available under the TOFA rules:

For each election, you will find:

  • a link to an election form for making it
  • an explanation of  
    • what the election is
    • when it must be made by
    • how it can be made.

The early-start election and transitional election for existing financial arrangements can no longer be made - if you previously made any of these elections, you should keep a copy with your tax records.

TOFA elections are complex and cannot be revoked. Before making any TOFA elections carefully consider your circumstances and seek professional assistance if necessary.

Last modified: 27 Jan 2016QC 27224