Information: For immediate release Monday 29nd March 1999

FREE GUIDE TO HELP UNIT TRUST AND OEIC INVESTORS COMPLETE THEIR 1998/99 TAX RETURN

AUTIF has updated its free "Unit Trusts and Tax" factsheet, designed to help unit trust and OEIC investors complete the "income" section of their 1998/99 tax return.

"Unit Trusts and Tax – Completing your tax return. What you need to tell the taxman 1998-99" shows investors what their unit trust and OEIC tax vouchers may look like and explains where the information should be shown on their tax return.

An investor’s tax position depends upon the type of distribution received, which in turn depends on the type of unit trust or OEIC in which they invest. The guide provides illustrations for the three types of income received from UK authorised unit trusts and OEICs; interest distributions, dividend distributions and foreign income distributions.

Unit trust PEP investors have no tax to pay and need make no declaration on their tax returns. The PEP manager will claim any tax repayable.

Readers should call the Unit Trust Information Service on 0181 207 1361 for a free copy of the 1998/99 factsheet.

For further information please contact:

Anne McMeehan, Director of Communications, AUTIF, 0171 831 0898
Clare Arber, PR Manager, AUTIF, 0171 831 0898
Susie Poote, Communications Assistant, AUTIF, 0171 831 0898