Tax HUB

Check that your personal details are up to date, 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 match ATO records to avoid any processing delays.

Our email address is invest@investsmart.com.au

If you are claiming a deduction for fees, this will be reported in the deductions section of your tax statement.

This depends on your personal situation. You should consult a registered tax advisor for assistance.

We are unable to help you complete your tax return or provide taxation advice.

You should consult a registered tax advisor for assistance.

If you feel there is an error with your tax statement, please email invest@investsmart.com.au with the issue so we can investigate.

InvestSMART PMA Tax statements are generally available mid-September.

How to view

Click here.

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 

Log in, and go to My Account > Tax Statements.

Here is a shortcut:

Tax Statements - InvestSMART

To set up a third party authority request for your accountant, advisor or auditor, we require you to fill out the following form and email to invest@investsmart.com.au

Third party authority form 

Please note, we are unable to provide full-access to a third party to make allocation changes, withdrawals and other portfolio actions. This does not apply to power of attorneys.

We sometimes get asked, "Why does portfolio performance differ from the model performance?"

Your account is designed to track the InvestSMART model portfolios you have chosen to invest in. We operate model portfolios with specific percentages assigned to the holdings and invest in the same holdings for your account to mirror the model. When the model holdings change so to will your account holdings.

Here are some common reasons why your investment return may differ from the model portfolio you are tracking:

Income sweep: If you have the Income Sweep turned on you are having the dividends paid out to you, therefore removing that cash from your portfolio. This may make it seem like your returns are lower than they are.

Your inception date: Our published model performance figures are based on month end values. For example, model performance may be +5% from 30 November to 31 December. If you established your portfolio on the 5^th November and attempted to compare performance, your return may look quite different.

Adjusting/changing investment models: If you adjust your model weights during the performance reporting period, your returns may differ to our published performance. By adjusting models during the period, it becomes more difficult to obtain a like for like comparison against model performance returns.

Adding or withdrawing funds: Adding or withdrawing funds will see InvestSMART needing to buy or sell securities/shares in your account during the month. This will see you purchase or sell securities/shares at a price that may differ from the end of month price.

Size of portfolio balance: Our models operate off percentages. The larger the size of the portfolio the easier it is to match those percentages. Some accounts holdings may vary to model security weights as the high dollar value of a security (E.g., $100-600 depending on the ETF) means we can’t buy as many as is required to get close to the model weight. These residual amounts are therefore held as cash which has the effect of dampening returns when securities are going up. Of course, where securities fall, this has the effect of improving returns relative to model.

Brokerage: The investment models do not factor in brokerage. If you add funds, withdraw funds, or change investment model’s transactions occur and so do brokerage costs.

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.

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.

To simplify your account, you can provide your accountant or adviser access to your account information via a Third Party Authority Request. 

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.

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 auditor's needs.

If you don't have an InvestSMART PMA but hold an Intelligent Investor fund like INIF, INES, or IIGF, please visit their Tax Hub on their Help Centre.

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.

Download the InvestSMART Tax Guide 2023

Looking to set up data feeds access for your accountant or advisor? 

Please fill out the third party authority form for data feeds access and email to invest@investsmart.com.au

We have dedicated feeds for Xplan, Class, Praemium, IDS super, BGS, BGL and Complii - however this list is constantly evolving so feel free to reach out if you use a different platform and we can investigate further.