Information: For immediate release Monday 17 April 2000

FREE GUIDE TO HELP UNIT TRUST AND OEIC INVESTORS COMPLETE THEIR 1999/2000 TAX RETURNS

AUTIF has updated its free "Unit Trusts and Tax" factsheet, designed to help unit trust and OEIC investors complete the "income" section of their 1999/2000 tax returns.

"Unit Trusts and Tax – Completing your tax return. What you need to tell the taxman 1999/2000" 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 and ISA investors have no tax to pay and need make no declaration on their tax returns. The PEP/ISA manager will claim any tax repayable.

Readers should call the Unit Trust Information Service on +44 (0)20 8207 1361 for a free copy of the 1999/2000 factsheet.

For further information please contact:

Anne McMeehan, Director of Communications, AUTIF Tel: +44 (0)20 7831 0898
Clare Arber, PR Manager, AUTIF Tel: +44 (0)20 7831 0898