Managed Funds

Managed funds have become one of the most accessible and widely used investment vehicles in Australia, appealing to both new and experienced investors seeking professionally managed and diversified portfolios. By pooling money from multiple investors, managed funds allow individuals to access a broad range of assets—such as shares, bonds, property, and cash—without needing to select or monitor each investment themselves. This structure has contributed to long‑term wealth creation for many Australians and continues to be a preferred option for those looking to build financial stability over time.

A significant number of our clients hold units in managed funds, either directly or through investment platforms. As part of our commitment to simplifying your tax reporting obligations, this article outlines how managed funds work, what information you will receive, and how to access the documents required for your annual tax return. Please select the platform you are currently with:

Vanguard

Release Date to ATO   Vanguard publishes its tax statement release schedule here: https://www.vanguard.com.au/personal/support/tax-hub

Download Your Annual Statement (AMMA)   You can access your Vanguard statements through the online portal: https://www.vanguard.com.au/personal/learn/how-to-guides/access-statements

Raiz

Download Your Annual Statement (AMMA)   Instructions for accessing your Raiz tax statement are available here: https://raizinvest.com.au/blog/how-to-use-your-raiz-annual-tax-statement-for-your-tax-return/

Spaceship

Download Your Annual Statement (AMMA)   You can download your Spaceship account statement here: https://help.spaceship.com.au/en/articles/6005537-how-can-i-download-an-account-statement

Spaceship Voyager Tax‑Time Information   For details on which Voyager portfolios issue distributions and what to expect at tax time: https://help.spaceship.com.au/en/articles/5390076-what-to-expect-at-tax-time-if-you-have-a-spaceship-voyager-portfolio

Understanding Your Annual Tax Statement

Each financial year, managed funds issue an Annual Tax Statement or AMMA Statement (Attribution Managed Investment Trust Member Statement). This document is essential for preparing your tax return and typically includes:

• Income distributions (interest, dividends, capital gains, foreign income)

• Tax components such as franking credits and foreign tax credits

• Capital gains or losses

• Cost‑base adjustments

• Details of reinvested distributions

Reinvested distributions are particularly important, as they represent both taxable income and additional units purchased in the fund. Accurate reporting ensures your tax return reflects your investment activity correctly.

Why Managed Funds Are Popular

Managed funds offer several advantages that make them attractive to everyday investors:

• Professional management ensures investment decisions are made by qualified fund managers.

• Diversification reduces risk by spreading investments across multiple asset classes.

• Low entry barriers allow investors to begin with modest contributions.

• Reinvestment options support long‑term compounding growth.

• Consistent reporting provides transparency and clarity for tax purposes.

These features make managed funds a practical choice for individuals seeking structured, long‑term investment strategies.

Disclaimer: The information provided in this article is for general guidance only and does not constitute financial or tax advice. Your personal circumstances may differ, and the correct treatment can vary from case to case. Please speak with your registered tax agent or accountant for advice tailored to your situation.