We’ve completed the annual tax calculations for super and pension accounts.

 

What does this mean for your clients?

A tax adjustment has been made to your clients’ super and pension accounts, if applicable. This adjustment will appear in their cash account and on relevant reports on 25 February 2021.

 

What if my client transitioned their super or pension accounts since 1 July?

If your client transitioned from PortfolioOne to Grow Wrap in December, the tax calculation will still be completed on their accounts as they’re in the same super fund. The transactions have been processed as usual to their open account.

 

For more information, please refer to the Super tax section on our tax website.

 

Learn more

If you’d like to know more about the principles and assumptions we’ve used to calculate these adjustments, please refer to:

No action is required by either you or your client – this is for your information only.

 

Need help?

Please contact your relationship manager or call us on 1800 095 825.