Financial year end 2008

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

Product name

 

Statement              

                                      

Estimated issue date
Perpetual’s Wholesale Funds

Distribution Statement

31 July 2008
 

Tax Statement and Guide

 Early Sept 2008
  Annual Statement (listing transactions) End Oct 2008
Perpetual WealthFocus Investments Distribution Statement 31 July 2008
  Tax Statement and Guide Early Sept 2008
  Annual Statement (listing transactions) End Oct 2008
Perpetual’s Investor Choice Fund Distribution Statement 31 July 2008
  Annual Statement (listing transactions) End Oct 2008
  CGT Statement (capital gains tax information) Early Sept 2008
  Tax Statement and Guide Early Sept 2008
Perpetual WealthFocus Super Plan Annual Statement (listing transactions and summary of benefits) End Oct 2008
  Personal contributions - s290-170 notice (for members who made eligible personal contributions) End Sept 2008
Perpetual WealthFocus Pension Plan

Pension pack containing:
PAYG Summary (information for tax return)
Guide to completing your tax return
Centrelink (DSS) schedule
Pension summary - confirming pension amount for 2008/2009
Change of pension form
Tax Statement

 Early Sept 2008
  Annual Statement (list of transactions and summary of benefits) End Oct 2008
Perpetual’s Select Investment Funds Distribution Statement 31 July 2008
  Annual Statement End Oct 2008
  Tax Statement Early Sept 2008
  Annual Information Booklet
(information about  your investment and statement)		 End Oct 2008
Perpetual’s Select Superannuation Plan Personal contributions - s290-170 notice 
(for members who made eligible personal contributions during the 2007/08 year)		 End Sept 2008
  Annual Statement
(list of transactions and summary of benefits)		 End Oct 2008
  Annual Information Booklet – Part 2
(information about your investment and statement)		 End Oct 2008
Perpetual’s Select Pension Plan Pension pack containing:
PAYG Summary (information for tax return)
Guide to completing your tax return
Centrelink (DSS) schedule
Pension summary – confirming pension amount for 2008/2009
Change of pension form
Tax Statement		 Early Sept 2008
  Annual Statement (list of transactions and summary of benefits) End Oct 2008
  Annual Information Booklet – Part 2 (information about your investment and statement) End Oct 2008
Perpetual's Monthly Income Fund Distribution Statement 31 July 2008
  Tax Statement and Guide Early Sept 2008
  Annual Statement (list of transactions) End Oct 2008
Perpetual’s Cash Management Fund Distribution Statement 31 July 2008
  Tax Statement and Guide Early Sept 2008
  Annual Statement End Sept 2008
Perpetual’s Term Fund Distribution Statement 31 July 2008
  Annual Statement
(list of transactions and summary of benefits)		 31 Aug 2008
  Tax Statement and Guide 31 Aug 2008

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

Q. Why may the unit price for my fund decrease on 1 July 2008?
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 equivalent to the distribution. As a result, if your fund paid a distribution on 30 June 2008, the unit price will decrease on 1 July 2008 by the same amount.
Please note that if you fully redeem units from your fund before 30 June 2008, 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 2008.
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 2008.
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 2008.

Q. Does the reinvestment of my 30 June 2008 distribution occur pre or post 30 June?
A. The re-investment of your 30 June 2008 distribution will be processed with an effective date of 1 July 2008 using the fund’s post-distribution price.
Q. Why is the 30 June 2008 distribution larger than the distributions I have received throughout the financial year?
A. In general, any earlier distribution payments that occur during the year reflect income rather than capital returns. However, if capital gains have been realised during the financial year, these are generally distributed in the June 2008 distribution.
Q. Will the regular drawdown for WealthFocus Investments (due on 24 July 2008) be affected by the unit price freeze?
A.

Yes. We need to wait until the unit prices come in for all funds before drawdowns 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 2008 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 day your bank account was debited.
Q. When will my pension payment for July 2008 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 2008?
A. If you have withdrawn all or part of your investment in Perpetual’s Investor Choice Fund during the year ended 30 June 2008, we will send you a Capital Gains Tax Statement by the end of August to assist you in preparing your 2008 income tax return.

We do not provide a Capital Gains Tax Statement if you have redeemed units from any other Perpetual product during the year ended 30 June 2008.

If you require information to help you calculate capital gains/losses realised during the year ended 30 June 2008, please email us at investments@perpetual.com.au and request a Full Transaction Summary, quoting your investor number.

Q. Is the capital gain/loss shown on the Capital Gains Tax Statement for 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 the relevant discount percentage).
Q. Does the capital gain/loss shown on the Capital Gains Tax Statement for Perpetual’s Investor Choice Fund take into account any tax-deferred amounts or any other relevant taxes?
A. Tax-deferred and tax-free distribution components attributable to your investment in Perpetual’s Investor Choice Fund have been taken into account, where required, to determine the realised capital gain or loss disclosed 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 the 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 ‘When are statements issued for the period ending 30 June 2008’ 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 2008 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 often not received until the end of August.

Q. What other information is available to help me with my financial year-end 2008 administration?
A. When we mail statements will enclose a tax guide to help you complete your tax return for the 2007/2008 financial year.
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 required for non-resident investors who need to lodge an Australian income tax return.
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 2008 as it is part of the 30 June 2008 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

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