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  • 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