Add a Dividend Or Income Payment To A Custom Investment

This article shows you how to record income for a Custom Investment so it appears correctly in your portfolio, income reports and tax reports.

Use the Add Dividend form when a Custom Investment pays you income.

Even though the button says Add Dividend, the same form can be used for income from different custom asset types, including:

If you haven’t created the holding yet, create the Custom Investment first.

To add income to a Custom Investment:

The income will then appear against the Custom Investment holding and flow through to relevant income and tax reports.

The fields shown in the Add Dividend form depend on the currency assigned to the Custom Investment.

An AUD Custom Investment uses the Australian income form. This form may include:

A foreign-currency Custom Investment uses the foreign income form. This form includes:

Enter the payment in the currency shown beside the amount field.

For example, when the form shows Net Payment (RMB), enter the RMB amount rather than converting it to Australian dollars first.

Australian franking fields do not appear for foreign-currency Custom Investments because franking credits only apply to qualifying Australian dividends.

For listed investments, enter the actual ex-dividend date.

For non-listed assets, such as a private company, property or loan, use the date the income was earned or your entitlement was established.

When there is no separate entitlement date, such as for rent or interest, you can use the same date as the paid date.

Enter the date the payment was made to you.

This is usually the date the money reached your bank account.

You can enter a future paid date when recording an announced or scheduled payment in advance. The income will appear in reports based on the selected report date range.

Select Dividend Reinvested only when the income was reinvested into more units of the same investment.

Most Custom Investment income payments should leave this unticked.

Select Exclude From Tax only when you want the income entry excluded from Navexa’s tax reports.

For example, you may want the payment visible in the holding’s history without including it in taxable income calculations.

Use Notes to record additional information about the payment.

Examples include:

Use File to attach a statement or supporting document to the income record.

The file is stored with the entry for record keeping. Navexa does not read the file or use it to complete the form automatically.

The following fields appear when the Custom Investment is recorded in Australian dollars.

Set Trust Income to No for most Custom Investments, including:

Set Trust Income to Yes only when the payment is a trust distribution.

This commonly applies to Australian ETFs, managed funds, unit trusts and other trust-style investments tracked as Custom Investments.

Setting Trust Income to Yes allows Navexa to treat the payment as trust income in tax reports. It can also make the Enter AMIT Statement option available in the holding’s Income area for the relevant financial year.

Use Franked Amount only for the franked portion of a qualifying Australian dividend.

Enter 0.00 when the payment has no franked component.

Use Franking Credits for the franking credits attached to the franked portion of an Australian dividend.

Enter 0.00 when no franking credits apply.

Use Unfranked Amount for the portion of the payment that does not include franking credits.

For many AUD Custom Investments, enter the full cash payment in Unfranked Amount.

This commonly applies to:

Expand Additional Fields when you need to record extra tax or distribution components.

Available fields may include:

For a standard property rent, loan interest, bond coupon or private company dividend entry, most additional fields will usually remain 0.00.

For a trust distribution, use the fund’s AMMA statement to enter the relevant tax components.

If you’re unsure which statement amounts correspond to Navexa’s fields, confirm the treatment with your accountant or tax adviser.

For an AUD Custom Investment, Navexa calculates the Net Payment and Gross Payment from the amounts entered.

You do not need to enter values directly into those totals.

The following fields appear when the Custom Investment uses a currency other than AUD.

Enter the cash amount you received after any foreign tax was deducted.

Enter the amount in the currency shown beside the field.

For example, when the field is labelled Net Payment (GBP), enter the amount received in British pounds.

Do not enter the Australian-dollar equivalent.

Enter any foreign tax deducted from the payment before it reached you.

Enter the withheld amount in the same foreign currency shown beside the field.

Enter 0.00 when no foreign tax was withheld.

Enter the exchange rate using the direction displayed below the field.

For example, the form may show:

1 AUD = ? RMB

Navexa may also provide a suggested exchange rate for the selected date.

The exchange rate allows Navexa to calculate the Australian-dollar value for reporting.

Navexa calculates the Gross Payment from the net payment and foreign tax withheld.

You do not need to enter the gross amount separately.

A private company pays you an unfranked dividend of AUD $1,000.

Enter:

Then select Add Dividend.

You use an AUD Custom Investment to track a property and receive AUD $1,000 in rent.

Enter:

Then select Add Dividend.

You track an Australian managed fund as a Custom Investment and receive a trust distribution.

Enter:

Then select Add Dividend.

After saving, check the holding’s Income area for the relevant financial year. The Enter AMIT Statement option should be available when that distribution has Trust Income set to Yes.

A Custom Investment recorded in RMB pays you RMB 5,000 after RMB 500 of foreign tax was withheld.

Enter:

Then select Add Dividend.

The form will not show Franked Amount, Franking Credits or Unfranked Amount. This is expected for a foreign-currency Custom Investment.

Franking fields only appear on the AUD income form.

A Custom Investment using RMB, USD, GBP or another foreign currency will instead show:

Enter the payment in the foreign currency displayed on the form.

The Add Dividend form may not save when dates or required amount fields are missing.

For an AUD Custom Investment, check that required fields such as Franked Amount, Franking Credits and Unfranked Amount contain a value. Enter 0.00 when a required field does not apply.

For a foreign-currency Custom Investment, check that Net Payment, Foreign Tax Withheld and Exchange Rate have been completed where required.

The Add Dividend button may remain unavailable when required dates or amounts are missing.

Use the calendar picker where possible and check every required field before saving.

The Enter AMIT Statement option appears when the relevant income record is treated as trust income.

Open the income record and confirm that Trust Income is set to Yes for that specific distribution.

This setting applies to the income record, not only to the Custom Investment holding.

The Trust Income field is available on the AUD form. It does not appear on the simplified foreign-currency form.

Dividends and income payments for Custom Investments must be added individually.

Bulk uploading these income payments is not currently supported.

Yes. You can edit or delete an income record later from the holding’s Income tab.

Remember, this is general information, not personal financial advice.