Tax reports for investment accounts
To prepare your tax reports, we rely on external product issuers to provide us with information for the investments you hold. For some assets, the information is provided to us later than for other assets. We need to receive all fund components for your account and process them before we can issue your tax report.
If you are a non-resident client with an open account we will perform a year end withholding tax reconciliation after all tax components have been finalised before your tax report is released which will most likely be post September each year.
The first distribution of tax reports is generally available by the end of July and subsequent distributions become available in the following months, as we receive the information from the funds.
Expected completion dates
The Product Issuer Schedule for the FY22/23 tax year is available here. This will give you an indication of when we expect to receive the tax components from the funds. We’ll provide an updated schedule for FY23/24 in late August.
The below key will help you navigate the schedule:
- Outstanding – We haven’t received fund tax reports yet. If the fund hasn’t provided information by the expected date, we’ll follow them up regularly. We’ll also update the Product Issuer Schedule if we’re informed by the fund manager of any material changes to the expected date.
- Received – We’re processing fund tax reports and are reconciling to individual accounts. This process generally takes around two weeks.
- Audit – To provide assurance around the accuracy of your tax report, KPMG conduct an independent audit to ensure the reports remain consistent with the assumptions and principles outlined in the tax guide. They are also responsible for confirming that the information reported is consistent with the information we have on file. This process generally takes around one week.
- Finalised – All tax components for this fund have been finalised. The finalisation process generally takes around one week.
How will I know when my tax report is ready?
We’ll email you as soon as your tax report is ready. To avoid any delays, we encourage you to check your email address is up-to-date. You can update your email address anytime by contacting us.
If your account is closed, we’ll post your tax report to the postal address on file.