Understanding Joint Holdings
Navexa does not currently support joint holdings directly. This means you cannot split a single holding between two account holders (for example, a husband and wife) within the same portfolio.
How to Manage Joint Holdings
If you hold investments jointly, you can still track them in Navexa. Here’s how:
Create a portfolio for the joint account.
• Go to Manage Portfolios.
• Click Add Portfolio.
• Enter the details for the joint account.
• Click Save.Import or enter the joint holdings into this portfolio.
Generate the tax report for the portfolio at tax time.
Manually split the results outside of Navexa between the joint holders based on the ownership arrangement (for example, 50/50).
Individual Holdings
Each person’s personal investments (such as those from an Employee Share Scheme (ESS) or other individual accounts) should be tracked in separate portfolios. This ensures:
Accurate tax reporting for each tax entity.
Clear performance tracking of individual holdings.
Example Setup
For a couple who:
Jointly hold shares under a broker account.
Each also holds a limited number of shares individually through a past ESS.
You would set up:
One joint portfolio for the shared broker account.
One individual portfolio each for the separate ESS holdings.
This way, you’ll have clean separation between joint and individual investments, while still being able to split the joint portfolio’s tax report as required.