Your W-8BEN form will expire every 3 years. This means that your access to trading on your US account will be temporarily suspended until you have renewed your form.
Renewing your form is an IRS Tax requirement and is crucial to maintain access to your US portfolio and ensure uninterrupted trading.
As a reminder, failing to renew your form on time will result in a halt to receiving dividends, a increase in your tax rate to 30%, and the inability to trade in the US market.
Please ensure that you have renewed the W-8BEN form on all of your Portfolio with US trading enabled.
Renewing is a simple process. Just login to your Selfwealth account and follow the renewal prompts.
You will see the below notification on each Portfolio page in which you have enabled US trading:
Individual and Joint Accounts (W-8BEN)
Your information will be pre-populated based on your account information on record with Selfwealth.
Please login to your Selfwealth account and update your details (if required) via the Settings page, prior to completing the W-8BEN form.
Please note: if you have a joint account, each holder must complete and electronically sign a separate W-8BEN form to be able to continue to trade US shares. If one party does not, both party's access will be revoked.
If the secondary joint account holder, has never logged in they can attempt to use the "Forgot my Password" function to login and proceed. Alternatively, if they do not have a login and/or is unable to electronically sign the form, the primary account holder will have to download a manual form here, scan and send the completed form to us securely here >
SMSFs, Trusts and Corporations (W-8BEN-E)
If you have a SMSF, Trust or Company account, you will have to renew your
W-8BEN-E for each entity. Each signatory on the account will also have to hand sign the form.
You can access the form here.
Alternatively, you can log into your Selfwealth account and navigate to Settings → Documents and Forms and download the form titled "W-8BEN-E Form - Entities (SMSFs, Trusts and Corporations)".
Then please scan and send the completed form to us securely here >
For your convenience we have also provided you a help guide to filling out the form here. However we also recommend you get this filled out or audited by your tax accountant or advisor.