{"id":6381,"date":"2025-07-15T16:40:18","date_gmt":"2025-07-15T06:40:18","guid":{"rendered":"https:\/\/raizinvest.com.au\/investors\/?p=6381"},"modified":"2025-07-29T11:22:15","modified_gmt":"2025-07-29T01:22:15","slug":"how-to-use-your-raiz-annual-tax-statement-for-your-tax-return","status":"publish","type":"post","link":"https:\/\/raizinvest.com.au\/investors\/blog\/how-to-use-your-raiz-annual-tax-statement-for-your-tax-return\/","title":{"rendered":"How to use your Raiz annual tax statement for your tax return"},"content":{"rendered":"\n
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Tax time is here again, and even for the financially savvy amongst us, tax time can still be daunting and a bit of a chore. However, with a little help it doesn\u2019t have to be so stressful.<\/p>\n\n\n\n\n\n\n\n

Around the 3rd week of July each year, Raiz will issue you with an Annual Tax Statement which you can download from within the Raiz App, or via our website. Even if you have sold all your investments during the financial year, you will still be able to log back into your Raiz account to download the statement when it is available.<\/p>\n\n\n\n

The Annual Tax Statement that Raiz provides to you will break down the different types of income and capital returns which have occurred during the previous tax year on your Raiz investment portfolio. This information is important, and it will enable you, or your appointed tax professional, to successfully complete your annual tax return to the ATO.<\/p>\n\n\n\n

Disclaimer:<\/strong> this guide does not take into account your personal circumstances and does not constitute tax advice and should not be relied upon as a substitute for tax advice. We recommend you seek your own independent tax advice to address your personal circumstances.<\/p>\n\n\n\n

Example Raiz Annual Tax Statement:<\/h3>\n\n\n\n
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Step 1 \u2013 Personalise your myTax return<\/h3>\n\n\n\n

Select \u201cInterest<\/strong>\u201d,\u201d Dividends<\/strong>\u201d, \u201cManaged fund distributions<\/strong>\u201d, and \u201cGifts, donations, interest, dividends, and the cost of managing your tax affairs<\/strong>\u201d by ticking the corresponding boxes. This allows you to declare your numbers in the right place.<\/p>\n\n\n\n

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Once you have done the above, click on [Next]<\/strong> within myTax and you will see the \u201cInterest<\/strong>\u201d, \u201cDividends<\/strong>\u201d, \u201cManaged fund distributions<\/strong>\u201d and \u201cDeductions<\/strong>\u201d sections available for completion.<\/p>\n\n\n\n

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Step 2 \u2013 Insert amounts from Annual Tax Statement.<\/h3>\n\n\n\n

Let\u2019s begin with adding the interest from the Raiz Annual Tax Statement into myTax. Click on [Add\/Edit]<\/strong> on the \u201cInterest<\/strong>\u201d section of myTax and enter the information as follows (all numbers need to be rounded to the nearest one dollar):<\/p>\n\n\n\n

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After entering the \u201cInterest<\/strong>\u201d information, click [Save and Continue]<\/strong> and proceed to enter \u201cDividends<\/strong>\u201d information as follows (remember all numbers need to be rounded to the nearest one dollar):<\/p>\n\n\n\n

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After entering the \u201cDividends<\/strong>\u201d information, click [Save and Continue]<\/strong> and proceed to enter \u201cManaged funds distribution<\/strong>\u201d information as follows (remember all numbers need to be rounded to the nearest one dollar):<\/p>\n\n\n\n

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Note:<\/strong> If the amount shown at 18H on the Raiz Annual Tax Statement is in brackets, this means that you have made a capital loss on your Raiz investment in that financial year. If you make a capital loss, you may be able to use it to reduce any capital gains you made in the same financial year from other investments.<\/p>\n\n\n\n

If you have not made a capital gain in the same financial year, you may be able to use this loss to reduce a capital gain in a later year. If this occurs, you do not enter anything into 18H, and instead carry the loss forward to a future financial year and offset it against a future Capital Gains. You need to consult a Tax professional regarding any questions you may have regarding Capital Gains and how they relate to your personal circumstances as we cannot advise you.<\/p>\n\n\n\n

After entering the \u201cManaged funds distribution<\/strong>\u201d information, click [Save and Continue]<\/strong> and proceed to enter \u201cDeductions<\/strong>\u201d information as follows (you need to round to the nearest dollar):<\/p>\n\n\n\n

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You have now successfully entered all information from the Raiz Annual Tax Statement into the myTax system.<\/p>\n\n\n\n

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Don\u2019t have the Raiz App?<\/h3>\n\n\n\n

Download it for free in the App store or the Webapp below:<\/p>\n\n\n\n

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\"download-raiz-app\"<\/a>
Click to download the Raiz app<\/a><\/span><\/figcaption><\/figure><\/div>\n\n\n\n

Important Information<\/em><\/strong><\/p>\n\n\n\n

This blog post has been issued by Instreet Investment Limited (ACN 128 813 016 AFSL 434776) as Responsible Entity of the Raiz Invest Australia Fund (ARSN 607 533 022).Raiz Invest Australia Limited (ABN 26 604 402 815) (Corporate Authorised Representative of Instreet Investment Limited ABN 44 128 813 016, AFSL 434776) is the promoter of Raiz Invest Super, a Division of AMG Super. The Product Disclosure Statement (PDS), Member Guide and Target Market Determination (TMD) are issued by Equity Trustees Superannuation Limited (AFSL 229757, RSE Licence No L0001458) as Trustee of AMG Super.<\/p>\n\n\n\n

The information has been prepared without taking into account your objectives, financial situation or needs.\u00a0 Before acting on such information, you should conduct your own review or consult a financial advisor before making a decision to invest. Please read the relevant PDS and any associated reference documents before making an investment decision. In accordance with the Design and Distributions Obligations, we maintain TMDs for our Funds.\u00a0 All documents can be found on the\u00a0 Raiz website\u00a0www.raizinvest.com.au<\/a>, or calling the Customer Support team on 1300 754 748.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tax time is here again, and even for the financially savvy amongst us, tax time can still be daunting and a bit of a chore. However, with a little help it doesn\u2019t have to be so stressful.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[4511,4525,19,1,20],"tags":[],"yst_prominent_words":[2879,2876,2888,2880,2884,4261,2886,4260,2882,2883,2878,2885,2889,2881,2877,427,1947]}