Nina Kazmierczak- Partner and Principal Adviser

Sovereign Wealth Partners

It’s August and you haven’t received your tax report yet.

FY21 is the first full financial year in which many may be eligible to claim COVID-19 related expenses, and no doubt may of you are compiling the paperwork to get lodgements in well and truly prior to the 31 October deadline.

Unfortunately your investment tax reports are not ready just yet. Every year following 1 July , the fund managers compile their tax information for unit holders.  Once ready this is passed onto the platforms (Netwealth and Macquarie) which is then collated and applied per investment held in your account. As such tax reports, have historically, been ready between mid- September and October.

Once available we will forward them to you or, should you wish, directly to your accountant/ super administrator.

Any questions, please do not hesitate to contact us (02) 82161777 or clientservices@sovereignwp.com