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W-8BEN form
wall st

What is a W-8BEN form?

A W-8BEN form is a legally required document for the ultimate beneficial owner of listed securities deriving income in the United States to ensure compliance with U.S. tax regulations. 

Non-U.S. residents must have a completed W-8BEN form to declare their tax status to the Internal Revenue Service (IRS) so that the appropriate level of tax is withheld. 

When you sign up and fund your Stake Wall St account for the first time, we digitally complete the W-8BEN (or W9 if you’re a U.S. tax resident) on your behalf and cover the administrative fee (usually US$5).

Purpose of the W-8BEN form

A completed W-8BEN reduces withholding tax on dividend distributions from 30% to 15% on U.S.-domiciled holdings.

Stake has streamlined this process with our U.S. broker-dealer to ensure your documentation is completed and the appropriate withholding tax is automatically applied to your account. 

You can view your current W-8BEN form by heading to: More > Tax & Documents > US tax form.

Please note that the W-8BEN remains valid for three years, after which we may require you to self-certify via our broker partner's portal.

Please note, this information is correct at the time of publication and is not intended to be advice. We recommend you obtain independent and professional advice regarding your personal tax implications. 

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Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

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