Navigate client tax statements with confidence

Tools and insights to support your interpretation of client tax statements and simplify conversations at tax time.

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Its tax time! For North IDPS/MyNorth Investment clients, most tax statements are issued between August and October each year, with some issued late in the year.

The timing can vary depending on when fund managers complete their tax calculations, the investments held in the account, and when information is provided by fund managers and listed companies. While we can’t provide an exact release date, we’re working closely with investment managers to make the tax statement available as soon as possible.

Once the tax statement it is ready, it will be loaded in Statements and Correspondence in North Online.

AMIT flyer

A concise overview of the AMIT regime, helping you quickly explain how attribution income and cost base adjustments impact client tax outcomes when reviewing distribution statements.

Download now

Tax report guide

A detailed reference guide that breaks down how AMIT-related amounts appear in North tax statements, supporting you in interpreting reporting sections and explain outcomes to your clients with confidence.

Download now

 

 

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Understand account values during distribution periods

Distributions can impact how account balances appear at certain times of the year.

This guide explains the timing, what’s happening behind the scenes, and how it connects to your tax reporting.

Learn more

Frequently Asked Questions

Tax statements are issued for North and MyNorth Investment accounts, including accounts that were closed during the 2025–26 financial year.

Most tax statements are issued between August and October each year. Timing depends on several factors, including when fund managers complete their tax calculations, the investments held within the account, and when information is received from fund managers and listed securities.

As these factors vary across investments, we can't provide an exact release date for individual tax statements. We're committed to making them available as soon as possible.

No. Tax statements are prepared and issued as part of our standard annual process. Unfortunately, we can't produce individual tax statements ahead of the broader release schedule.

The annual statement and tax statement report income differently.

  • The annual statement shows income and distributions paid into the account during the financial year.
  • The tax statement reports taxable income attributed to the investor for the financial year, including income that may not have been paid until after 30 June.

As a result, the figures shown on each statement may differ.

Tax information is provided to the ATO after all tax statements have been issued. This typically occurs later in the calendar year and can be as late as December. Until the information has been submitted and processed by the ATO, it won't appear in myTax.

This difference is generally due to the Attribution Managed Investment Trust (AMIT) tax regime, which can result in taxable income differing from the cash distributions received during the year.

Go to North Online > Products > Product Disclosure Documents > Scroll down to A guide to your Tax report 2025-2026

Appendix 
 Correspondence   Description
Annual tax statement An annual tax statement will be available in North Online to help advisers and clients complete their annual tax returns.
Annual statement An annual statement will be available in North Online and issued to clients each year. It provides a summary of account balances, transactions and investment performance for the financial year.
Annual audit report An annual audit report will be available in North Online from 30 September. It includes information about the management and financial position of MyNorth Investment.
Tax report guide A tax report guide will be available in North Online to help advisers and clients understand the information contained in the annual tax statement, including how income and distributions are reported for tax purposes.



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® North and MyNorth are trademarks registered to NMMT. 

The information on this page has been provided by NMMT Limited ABN 42 058 835 573, AFSL 234653 (NMMT). It contains general advice only, does not take account of your client’s personal objectives, financial situation or needs, and a client should consider whether this information is appropriate for them before making any decisions. It’s important your client consider their circumstances and read the relevant product disclosure statement (PDS), investor directed portfolio guide (IDPS Guide) and target market determination (TMD), available from northonline.com.au or by contacting the North Service Centre on 1800 667 841, before deciding what’s right for them.  

MyNorth Investment and North Investment are operated by NMMT. MyNorth Investment Guarantee is issued by National Mutual Funds Management Limited ABN 32 006 787 720, AFSL 234652 (NMFM). MyNorth Super and Pension (including MyNorth Lifetime), MyNorth Super and Pension Guarantee and North Super and Pension are issued by N.M. Superannuation Proprietary Limited (ABN 31 008 428 322, AFSL 234654 (NM Super) as trustee of the Wealth Personal Superannuation and Pension Fund (the Fund) ABN 92 381 911 598. NMMT issues the interests in and is the responsible entity for MyNorth Managed Portfolios. All managed portfolios may not be available across all products on the North platform. All of the products above are referred to collectively as MyNorth Products.  The information on this page is provided only for the use of advisers, it is not intended for clients. This page provides a brief overview of some of the benefits of investing in MyNorth Products. The adviser remains responsible for any advice/services they provide to clients including making their own inquiries and ensuring that the advice/services are appropriate and in accordance with all legal requirements. 

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