Hi Carla,

Thanks for a great question and hopefully we can help a little with growing your confidence here to a toddler level at least :)

I’m sure many people would be in the same boat of wanting to complete tax returns independently. The good news is that if you are mainly buying and holding your investments (not selling), it should be a pretty straightforward process. Given that everyone’s circumstances are different and the various investing products we offer, we’ve created the following pages to help you get a better understanding of how we can assist at tax time:

https://pearler.com/tax-return

Your dividends and distributions data should be pre-filled to the ATO at tax time if you have provided us with your TFN. If not, the share registries will still release dividend or managed investment distribution statements that contain all the information you need to complete your tax return. Check out this article for details steps on how to download these statements.

If your portfolio includes any US-domiciled shares or ETFs (i.e. ASX:VEU & ASX:VTS), you may need to fill out a W-8 BEN form via your share registry to avoid being taxed twice. You should always refer to the Product Disclosure Statement (PDS) of the investment to learn where your investment is domiciled.

Apart from the above, we also support integrations with popular performance tracking and tax reporting tools such as Sharesight and .css-16csvph{box-sizing:border-box;margin:0;min-width:0;font-size:14px;line-height:22px;font-weight:400;-webkit-transition:all 0.3s ease;transition:all 0.3s ease;display:inline-block;color:var(--primaryDark);margin-bottom:16px;}.css-16csvph img{max-width:100%;}

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Hi Carla, great question.

When you start investing in shares, it’s usually very straightforward as far as tax goes.

After the end of financial year, your share funds (Vanguard, Betashares,etc) will typically sent all the info to the ATO automatically. So if you wait until say August, September, all the dividend information tends to show up by itself on the mygov ATO portal.

Then it’s just a case of checking the information is accurate by comparing that to the dividend statements you receive during the year (or by comparing it to the record that Sharesight has). If you don’t have a Sharesight account, you can get a free one which you can then link to Pearler so that all your purchases + dividends + performance can be recorded there automatically too.

Hope that helps.

Hi guys – first time investor here. I was hoping to follow up on this with regard to translating the information from the quite complex (to me!) ETF tax statements into the ATO online portal for tax return. For some reason my dividend income has not pre-filled with ATO (despite providing my TFN – unsure why?) and I am trying to figure out which lines/numbers in my Betashares (A200) and Ishares (IVV) statements should be copied into my tax statement. Simply want to report the dividend income which I assume is easy if you know what to pull out…

ATO provides only a 4 x boxes to report $ (e.g. total unfranked, total franked, total franking credits, total TFN amounts withheld) to fill in for dividends (but do not seem to also provide ‘Tax Return Labels’ that align with the ETF tax statements provided – which would be helpful). Has anyone done this and might be able to provide a simple ‘how-to’ for reporting on dividends (perhaps even for A200 and IVV as an example? I imagine very simple once done once, but would love if anyone can help?

Thanks for any advice!

Or am I just confused, and should it all go under the «Managed funds» section in ATO (and not in the «Dividends» section as previous alluded to? Seems that might be the case and the ‘Tax Return Labels’ make more sense this way