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CHOICE OF FUND DEDUCTION AUTHORITY FORM Griffith ID: s....................................................... Surname: .................................................... Given Name: .......................................................

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How to fill out choice of fund deduction

01

Contact your employer's HR department to find out if they offer a choice of fund deduction option.

02

If they do offer the option, ask for the necessary forms or instructions for filling out the choice of fund deduction.

03

Review the available funds and choose the ones you want to allocate your deductions towards.

04

Fill out the forms accurately and make sure to follow all guidelines provided by your employer.

05

Submit the completed forms to your employer for processing.

Who needs choice of fund deduction?

01

Employees who want to have control over how their deductions are allocated towards different investment funds.

02

Individuals who want to customize their retirement savings strategy by choosing specific funds to invest in.

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What is choice of fund deduction?

Choice of fund deduction is a decision made by an individual to allocate a portion of their salary to a specific retirement fund or investment account.

Who is required to file choice of fund deduction?

Individuals who have the option to allocate a portion of their salary to a retirement fund or investment account are required to file choice of fund deduction.

How to fill out choice of fund deduction?

Choice of fund deduction can usually be filled out through your employer's HR department or online portal by selecting the desired amount or percentage to allocate to the fund.

What is the purpose of choice of fund deduction?

The purpose of choice of fund deduction is to allow individuals to save for retirement or invest in specific accounts while reducing their taxable income.

What information must be reported on choice of fund deduction?

The information reported on choice of fund deduction typically includes the amount or percentage of salary to be allocated, the chosen retirement fund or investment account, and any additional preferences or instructions.

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