How do I renew my W-8BEN form?
The W-8BEN is a legal document required by the US Internal Revenue Service (IRS) that allows foreign investors to claim tax treaty benefits, including a reduced withholding tax rate. A valid W-8BEN form is required to trade on the US market with Selfwealth.
When does my form expire?
Your W-8BEN (or W-8BEN-E) expires on 31 December of the third calendar year after submission. For example, a form submitted in March 2023 will expire on 31 December 2026.
Failing to renew on time may result in:
- Suspension of your US trading access
- A pause to your dividend payments
- Your withholding tax rate increasing to 30%
Renewal is an IRS requirement — please ensure you renew the form for every portfolio that has US trading enabled.
How do I renew?
Log into your Selfwealth account via a browser and follow the renewal prompts. A notification will appear on each portfolio page where US trading is enabled.
Individual and joint accounts (W-8BEN)
Your details will be pre-populated based on the information currently on record with Selfwealth. If any details need updating, please do so via Settings before completing the form.
Joint accounts: Each account holder must individually complete and electronically sign a separate W-8BEN form. If one holder does not sign, both holders' US trading access will be revoked.
If the secondary holder has never logged in, they can use the Forgot my Password function to access their account. If they are unable to log in or electronically sign the form, the primary account holder can download a manual form and submit it securely here.
SMSF, trust, and company accounts (W-8BEN-E)
If you hold an SMSF, trust, or company account, a separate W-8BEN-E must be completed and renewed for each entity. Please note:
- Signatures must be in wet ink — digital signatures are not accepted
- Only one signatory per entity is required
You can download the W-8BEN-E form here, or access it via Settings > Documents and Forms in your Selfwealth account. Once completed, please submit the form securely here.
Need help completing the form?
Selfwealth is unable to provide advice on your individual tax status or declarations. The following resources may help:
- Selfwealth's guide to completing the W-8BEN-E form
- IRS instructions for completing the W-8BEN-E form
If you're still unsure about your tax status after reviewing these resources, please consult your tax adviser.