Yes, a tax statement will be sent each year between April and June to all investors summarising the tax that was paid or refunded on your investment income for the prior tax year.
Once the statements are available, you’ll be able to download a copy from the 'Reports’ section of your Fisher Funds Online account.
If you owe tax to Inland Revenue, we will sell some of your units and pay this to Inland Revenue on your behalf. If you are due a tax refund, we’ll claim this from Inland Revenue and buy units in the fund on your behalf. If you withdraw from a fund, tax will be paid or refunded at that time. This means there is no need to include this information in your personal tax return.
How you pay tax on your investment
Fisher Funds investment products are all registered as portfolio investment entities (PIEs). This means the tax payable on the investment income related to your account is based on your prescribed investor rate (PIR).
It’s important to ensure the PIR you supply us with is correct as this is the rate we will use to deduct your tax and pay to Inland Revenue. An incorrect PIR can result in an overpayment or underpayment of PIE tax.
You can learn more about how you pay tax on your investment, and how to calculate your PIR here.