Financial year end 2009

Q. What statements will be issued and when?
A.

The following statements have been issued for 2009:

Product name   Statement
Perpetual's Wholesale Funds
  • Distribution Statement
  • Tax Statement and Guide 
  • Annual Statement (listing transactions)
Perpetual WealthFocus Investment Funds
  • Distribution Statement
  • Tax Statement and Guide
  • Annual Statement (listing transactions)
Perpetual WealthFocus Investment Advantage (formerly Perpetual’s Investor Choice Fund)  
  • Distribution Statement
  • CGT Statement (capital gains tax information)
  • Tax Statement and Guide 
  • Annual Statement (listing transactions) 
Perpetual WealthFocus Super Plan
  • Annual Statement (listing transactions and summary of benefits)
  • Personal contributions - s290-170 notice (for members who made eligible personal contributions)
Perpetual WealthFocus Pension Plan
  • Pension pack containing:
    • PAYG Summary (information for tax return sent to investors who were less than 60 years of age at any time during the 2008/2009 financial year)
    • Guide to completing your tax return
    • Centrelink (DSS) schedule
    • Pension summary - confirming pension amount for 2009/2010
    • Change of pension form 
  • Annual Statement (list of transactions and summary of benefits)
Perpetual’s Select Investment Funds
  • Distribution Statement
  • Tax Statement and Guide
  • Annual Statement
  • Annual Information Booklet  (information about your investment and statement)

Perpetual’s Select Superannuation Plan
  • Personal contributions - s290-170 notice (for members who made eligible personal contributions during the 2008/2009 year)
  • Annual Statement  (list of transactions and summary of benefits)
  • Annual Information Booklet (information about your investment and statement)
Perpetual's Select Pension Plan
  • Pension pack containing:
    • PAYG Summary (information for tax return sent to investors who were less than 60 years of age at any time during the 2008/2009 financial year)
    • Guide to completing your tax return
    • Centrelink (DSS) schedule
    • Annual Pension Review Statement – confirming pension amount for 2009/2010
    • Change of pension form
  • Annual Statement (list of transactions and summary of benefits)
  • Annual Information Booklet (information about your investment and statement)
Perpetual’s Pooled Superannuation Trust
  • Annual Statement
Perpetual's Monthly Income Fund
  • Distribution Statement
  • Tax Statement and Guide
  • Annual Statement (list of transactions)
Perpetual’s Cash Management Fund
  • Distribution Statement
  • Tax Statement and Guide
  • Annual Statement
Perpetual’s Term Fund
  • Distribution Statement
  • Tax Statement and Guide
  • Annual Statement (list of transactions and summary of benefits)

 Please note - clients with online access can view their statements approximately one week earlier.

Q. Why may the unit price for my fund decrease after 30 June 2009?
A. A unit price reflects the value of a fund’s investments, including any income accrued but not yet distributed. When distributions are paid, the unit price will decrease by an amount equal to the distribution. As a result, if your fund paid a distribution on 30 June 2009, the unit price will decrease after 30 June 2009 by the same amount.

Please note that if you fully redeem units from your fund before 30 June 2009, you will not receive distributions for those units. If you partially redeem units from your fund you will only receive a distribution for the units you still hold at 30 June 2009.

Q. Why does it take so long to release unit prices after 30 June?
A. Finalising year-end unit prices is a detailed process and takes time due to distribution calculations and auditing requirements. We expect unit prices for Perpetual’s funds to be available from mid-July 2009.

For external fund manager investment options, we rely on external fund managers to provide the information. This means these take longer to finalise. We expect unit prices for external fund manager investment options to be available by late July 2009.

Q. Does the reinvestment of my 30 June 2009 distribution occur pre or post 30 June?
A. The reinvestment of your 30 June 2009 distribution will be processed with an effective date of 1 July 2009 using the fund’s post-distribution price.
Q. Why is the 30 June 2009 distribution often larger than the distributions I have received throughout the financial year?
A. In general, distributions that occur during the year reflect income rather than capital returns. If capital gains have been realised during the financial year, these are generally distributed in the June 2009 distribution.
Q. Will the regular withdrawal plan for Perpetual WealthFocus Investment Advantage (formerly Perpetual’s Investor Choice Fund) and Perpetual WealthFocus Investment Funds (due on 24 July 2009) be affected by the unit price freeze?
A. No, we don’t expect the regular withdrawal plans to be affected by the unit price freeze. However, we need to wait until the unit prices come in for all funds before regular withdrawal plan payments are processed. Once we have the unit prices, clients should expect to receive their funds within five to seven business days.
Q. Will my savings plan for July 2009 still go ahead during the unit price freeze?
A. Your bank account will be debited as normal, however we need to wait until the unit prices come in for all funds before your money can be processed into your account. This delay won’t impact you – you will receive the unit price for the effective date of your savings plan.
Q. When will my pension payment for July 2009 be processed?
A. To ensure pension payments for July are not delayed, we will process the payment using the last available exit price at the time your pension payment is due.
Q. When are Capital Gains Tax Statements issued for the period ending 30 June 2009?
A. If you have withdrawn all or part of your investment in Perpetual WealthFocus Investment Advantage (formerly Perpetual’s Investor Choice Fund) during the year ended 30 June 2009, we will send you a Capital Gains Tax Statement by the end of August or shortly thereafter to assist you in preparing your 2009 income tax return.

We do not provide a Capital Gains Tax Statement if you have redeemed units from any other Perpetual product.

If you require information to help you calculate capital gains/losses realised during the year ended 30 June 2009, please email us at investments@perpetual.com.au and request a Full Transaction Summary, quoting your client number and/or account number.

Q. Is the capital gain/loss shown on the Capital Gains Tax Statement for Perpetual WealthFocus Investment Advantage (formerly Perpetual’s Investor Choice Fund) a net or gross amount?
A. The capital gain disclosed in the Discount Method column on the Capital Gains Tax Statement represents the gross amount of the capital gain (ie before application of any discount percentage).
Q. Does the capital gain/loss shown on the Capital Gains Tax Statement for Perpetual WealthFocus Investment Advantage (formerly Perpetual’s Investor Choice Fund) take into account any tax-deferred amounts?
A. Tax-deferred and tax-free distribution components attributable to your investment in Perpetual WealthFocus Investment Advantage (formerly Perpetual’s Investor Choice Fund) have been taken into account, where required, to determine the realised capital gain or loss shown on your Capital Gains Tax Statement.
Q. Is the amount shown under the Discount Method on the Capital Gains Tax Statement already discounted?
A. The amount shown under the Discount Method is the gross amount before applying any discount. The capital gains tax discount is 50% for individuals and trusts (other than complying superannuation entities) and 33.3% for complying superannuation entities. Companies are not entitled to a capital gains tax discount.
Q. What do I need to do with my Annual Tax Statement?
A. The Annual Tax Statement helps you to complete your income tax return. We also provide a guide to help you understand your Annual Tax Statement. We recommend that you seek help from your financial and/or tax adviser or the ATO when completing your income tax return, as we are unable to provide you with tax advice. Please refer to ‘What statements will be issued and when?’ for information on mailing times.
Q. Will I receive an Annual Tax Statement if I have redeemed units in my investment?
A. Annual Tax Statements are issued to all investors who have held units at any time during the 2009 financial year. This includes investors who have fully redeemed units and have not received a distribution(s) during the financial year (excluding Term Fund investors).
Q. Why does it take so long for me to receive my tax statement?
A. To complete tax statements, we require full financial year-end information for each investment fund. This may include actual year-end financial information from external fund managers, for those funds that allow access to external managers.

We finalise tax statements as soon as we receive all the relevant information, however the information from external fund managers is sometimes not received until mid-to-late August.

Q. What other information is available to help me with my financial year-end 2009 administration?
A. When we mail statements that contain information required to be included in your 2008/2009 income tax return, we will enclose a tax guide to help you.
Q. What are the franked and unfranked dividends that appear on my Annual Tax Statement?
A. Franked dividends are received from Australian companies that have paid Australian tax on their earnings. A franking credit attached to a dividend reflects the amount of tax that has already been paid by the company issuing the dividend.

When a fund receives a franked dividend, the fund may be eligible to pass on the attached franking credits to investors.

Unfranked dividends are received from Australian companies that have not paid any Australian tax on their earnings.

Dividends unfranked (CFI) are unfranked dividends received from Australian companies that have declared this amount to be 'conduit foreign income'. These dividends are simply treated as 'unfranked' dividends by Australian resident investors. This distinction is only relevant for non-resident investors.

Q. What are all the capital gain components that appear on my Annual Tax Statement?
A. Capital gains made by the funds have been split between 'TARP' (gains relating to taxable Australian property) and 'NTARP' (relating to non-TARP gains). This distinction is not relevant for Australian resident investors but may be relevant for non-resident investors.
Q. What is the difference between ‘Capital growth/(loss)’ and ‘Return on investment’ that appears on my Annual Statement or Periodic Statement?
A. ‘Capital growth/loss’ is the unrealised difference between the opening balance at the beginning of the financial year (1 July) and the closing balance at the end of the financial year (30 June).

The ‘Return on investment’ is (where applicable) made up of unrealised capital growth/loss, gross distributions received, Adviser Service Fee payments, Management Expense Ratio (MER) rebates received and ongoing commission rebates received, if applicable, during the financial year.

Please note that the ‘Return on investment’ that appears on your Annual Statement or Periodic Statement does not include the final distribution payable on 30 June 2009 as it is part of the 30 June 2009 exit price.

Q. What does 'Distribution awaiting reinvestment' mean?
A. Distributions (if any) that will be reinvested are referred to as a ‘distribution awaiting reinvestment’. For example, if you receive a distribution for the period ending 30 June that you intend to reinvest, that amount is referred to as the ‘distribution awaiting reinvestment’ on 1 July of the following financial year.
Q. What is the cut-off time to have personal super contributions included in the 2008/2009 financial year?
A. Personal contributions are only tax deductible in the financial year in which they are made. To claim a tax deduction for your personal contributions in the 2008/2009 financial year, they must be received in our Sydney office by 3pm (Sydney time) on 30 June 2009. To assist you in meeting the final 3pm cut-off time, we can receive documentation and payments in our interstate offices until 12 noon (Sydney time) on 30 June 2009 and we will forward them to our Sydney office. Contributions received after these times will generally be deductible for the 2009/2010 financial year.
Q. What are the process cut-off times for BPAY and direct credit/EFT?
A. To be included in the 2008/2009 financial year, all super contributions must be received at Perpetual by 3pm (Sydney time) 30 June 2009. If making electronic payments such as BPAY and EFT, allow 2 to 3 days for your financial institution to process the transaction.

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