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Hold an Intelligent Investor ETF*? Visit here.
*Excludes Intelligent Investor held in a PMA.
When are the tax statements available?
The PMA tax statements are usually released in mid to late September.
Why mid to late September?
We must wait for the final distribution breakdowns from the underlying investments to ensure that we correctly provide you with the details for income tax, capital gains tax, franking credits and much more that is not available until September.
Update my tax details
Update my tax details
Check that your personal details are current, including your email address.
You can check and update your email or contact details online in the My Details section.
If you've had any changes to trustees, companies or directors, please email us, as it's important your details must match ATO records to avoid processing delays.
Our email address is invest@investsmart.com.au
I am doing my own tax return. How can I see the fees charged?
I am doing my own tax return. How can I see the fees charged?
If you are claiming a tax deduction for fees, this will be reported in the deductions section of your tax statement.
I use Fundlater. What can I claim? Can I claim the facility fee?
I use Fundlater. What can I claim? Can I claim the facility fee?
This depends on your personal situation. You should consult a registered tax advisor for assistance.
Can you help me to do my tax return or answer a tax question?
Can you help me to do my tax return or answer a tax question?
Unfortunately, we cannot help you complete your tax return or provide taxation advice.
You'll need to consult a registered tax advisor for help.
If you feel there is an error with your tax statement, please email invest@investsmart.com.au with the issue so we can investigate.
How do I see my annual tax statement?
How do I see my annual tax statement?
We will email you, and they will appear in the PMA platform around September 2023.
Closed PMAs and accounts holding APA are expected in late September 2023.
How to view
Check your email or access your previous and current InvestSMART PMA tax statement(s) from the online platform.
Above: Screenshot of how to access PMA tax statement
Instructions:
Log in, and go to My Account > Tax Statements.
Here is a shortcut:
Pre-fill Tax information
Pre-fill Tax information
Your InvestSMART PMA will hold several different ETFs depending on the portfolio(s) you've invested in.
Each ETF provider will automatically send your tax data to the ATO for pre-filling in your myTax online portal.
This data is usually available fairly soon; however, you need to wait for the Tax Statement/Combined Report from InvestSMART as this will include consolidated information and amounts you may be able to claim for fees charged.
My accountant wants a cash report. How can I generate one?
My accountant wants a cash report. How can I generate one?
You can generate a Cash Transactions Report and other reports online in PDF or CSV format.
Log in and go to Reports.
You can generate the following:
Investment Portfolio Report: Provides a valuation of the portfolio as of 30 June for the financial year chosen
Cash Transactions Report: A cash transaction statement for the date range selected
Investment Income Report: Shows dividends received and franking information
Realised Capital Gains Report: Shows capital gains/losses that have occurred
Unrealised Capital Gains Report: Shows capital gains/losses that have not yet occurred or been realised.
I have a Company PMA, but no tax summary was included
I have a Company PMA, but no tax summary was included
If you have a PMA opened in the name of a company, you will receive a PMA annual statement but no tax summary.
Tax summaries are not included in statements issued to companies.
Companies can use the following reports included in the package to complete their annual accounts and therefore their tax returns:
Investment Income Detailed Report
this report provides the breakdown of any dividends received during the year
Distribution Reconciliation Report
this report provides the breakdown of any distributions received during the year
Realised Capital Gains
provides details of any capital gains during the year, and the split between discount and other gains
If you have a Company that is a Not for Profit or registered as a charity, you can email invest@investsmart.com.au, and we can provide you with more tax information to meet your requirements.
My auditor needs a PMA audit report
My auditor needs a PMA audit report
Some Self Managed Super Fund auditors may request to see audit reports concerning internal controls and investor statements for Professionally Managed Accounts (PMA).
As the PMA is a scheme, we do not produce a client-specific audit report. However, we do have audit reports in the Professionally Managed Accounts Annual Report.
These can be accessed through our website here in the bottom section.
The PMA Annual Report has audit letters from our auditor BDO in that document. This satisfies the majority of an auditor's needs.
InvestSMART Tax Guide 2023 (Download)
InvestSMART Tax Guide 2023 (Download)
This guide provides a general reference for the Tax Summary report to the ATO tax return labels for individuals, trusts, self-managed super funds and companies.
Please note this guide provides general information only and is not intended to represent taxation, investment or professional advice.