Calculating dividend on accumulation fund

thegentleway

I'm trying to calculate dividend payments on RL Sustainable World Trust C Acc.
Monevator (https://monevator.com/accumulation-funds-dividends/) says to multiply the dividend amount by the number of units held.
Trustnet (https://www.trustnet.com/factsheets/o/gvwj/royal-london-sustainable-world-trust-c-acc) says the divident amount is 0.804 for 30/11/20 payment date. I'm guessing that's in pence (the fund price is in pence) so if I had 100 units on payment date, that would be 80.4p? I.e. 0.26% of current valuation (£307.30). Thanks

eskbanker

The maths sounds right but it does beg the question of why you'd be wanting to work this out?  If your 100 units is hypothetical or if you have many other more substantial unwrapped investments then you may need a tax year-end figure for tax liability purposes, but your platform will provide this, unless you're holding the fund within a tax wrapper....

thegentleway

eskbanker said:

The maths sounds right but it does beg the question of why you'd be wanting to work this out?  If your 100 units is hypothetical or if you have many other more substantial unwrapped investments then you may need a tax year-end figure for tax liability purposes, but your platform will provide this, unless you're holding the fund within a tax wrapper....

Thank you, yes I'm working out tax liability for acc funds.

Another_Saver

Yep sounds right but your platform should tell you this.

bowlhead99

The overall yield is about half a percent this year including the one paid in May, so yes the most recent dividend is about a quarter of a percent, sounds about right.

pip895

Another_Saver said:

Yep sounds right but your platform should tell you this.

Which platforms do ?  I have always had to dig for it (HL & iWeb) - its a right pain and I now actively avoid acc. units outside tax wrappers.

Another_Saver

I know vanguard produce a year end tax report, I just search in my documents or message them in the app for things like that. I'm not aware of any platforms that don't offer that.

masonic

pip895 said:

Another_Saver said:

Yep sounds right but your platform should tell you this.

Which platforms do ?  I have always had to dig for it (HL & iWeb) - its a right pain and I now actively avoid acc. units outside tax wrappers.

iWeb and HL do. I think the consolidated tax certificate is a regulatory requirement so I'd be surprised if any platforms don't provide one.

On iWeb they can be found in the 'Valuation & Statements' --> 'Tax Certificates' on the RHS menu after logging into your account.

[Deleted User]

pip895 said:

Another_Saver said:

Yep sounds right but your platform should tell you this.

Which platforms do ?  I have always had to dig for it (HL & iWeb) - its a right pain and I now actively avoid acc. units outside tax wrappers.

Hi,

here's what HL says, click.

EthicsGradient

Platforms should produce a consolidated tax certificate after the tax year has ended, but I don't know if any of them give a running tally during the tax year. If you want to plan for tax (eg working out if you're a higher rate payer), it seems you have to do it yourself.

bowlhead99

EthicsGradient said:

Platforms should produce a consolidated tax certificate after the tax year has ended, but I don't know if any of them give a running tally during the tax year. If you want to plan for tax (eg working out if you're a higher rate payer), it seems you have to do it yourself.

With AJ Bell Youinvest they don't give you a 'running tally' as such (i.e. updating your year end consolidated certificate in real time) but your transaction history by date shows "accumulation distribution" as a transaction for the fund name on the relevant date and clicking on any of them gives your summary for that individual event. So if you're trying to figure out how much dividend capacity or CGT investment cost you've got as part of mid year tax planning, you can just go and pull out the details for the acc funds that you hold, and add them up.