For
immediate release: Monday 20th May 2002
UNIT
TRUSTS AND TAX - HOW TO COMPLETE YOUR
2001-2002
TAX RETURN
A
free guide from the Investment Management Association
The Investment Management Association has updated its
factsheet ‘Completing your tax return. What you need to
tell the taxman 2001-2002’, in order to help unit
trust and OEIC investors with the completion of their tax
returns. This
factsheet clearly illustrates what should be included in the
return by using examples of interest and dividend vouchers
along with the appropriate sections of the return itself.
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.
Clare Arber, Head of Communications at the IMA commented:
“Tax returns can often be bewildering, even to
people with the most straightforward of investments. However, a unit trust or OEIC investor’s tax position
depends upon the type of distribution received, which in
turn depends on the type of fund in which they invest.
To help investors complete their return, the IMA
has produced this useful, clear and concise guide, which
explains where the information should be shown on the
form. A brief checklist is included in the factsheet to
help ensure that investors have all the details required
to complete their tax return.”
Readers
can obtain copies of the guide free from the Unit Trust
Information Service on 020
8207 1361
or by visiting the IMA website at
-
ends -
For further information please
contact:
Clare
Arber, Head of Communications, IMA, 020 7831 0898
Helen
Stephenson, PR Assistant, IMA, 020 7831 0898
Notes to Editors:
The Investment Management Association publishes a
number of useful fact sheets to help savers to understand unit
trust and OEIC investment. All are available free from the
Unit Trust Information Service on 020 8207 1361.
-
The
Handbook – saving in investment funds in five simple
steps
-
The
Managers – contact details for unit trust and OEIC
management companies
-
The
Directory – a comprehensive list of unit trust and OEIC
funds available
-
Monthly
Savings – a guide to building up capital in investment
funds
-
Saving
for Children – a guide to using investment funds
-
Tax
free savings – a helpful guide to ISAs
-
Corporate
Bond Funds – an alternative way to high income
-
Unit
trusts and tax – completing your tax return
-
Effective
Investment – OEICs, unit trusts and investment trusts
compared
-
Ethical
Investment – A guide to ethical investment funds
Attachment:
Unit Trusts and Tax Guide
65
Kingsway London WC2B 6TD
Tel:
+44 (0) 20 7831 0898 Fax:+44 (0) 20 7831 9975
www.investmentuk.org
Investment
Management Association is a company limited by guarantee
registered in England and Wales Registered number 4343737.
Registered office as above.
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