If you make an investment in a Spaceship Voyager portfolio, withdraw an investment from a Spaceship Voyager portfolio (as a result of a withdrawal or any monthly fee payment), or receive income (aka a distribution) from a Spaceship Voyager portfolio, you are likely to have tax consequences.
Here's how tax time works if you have a Spaceship Voyager portfolio.
Statements
If you are a Spaceship Voyager customer within a financial year (which starts on 1 July and ends the next year on 30 June), you will receive an annual statement from us.
The annual statement will include a record of all your transactions during the period, which you or your tax agent can use to determine whether you have triggered a tax event (such as a capital gain or loss). Your annual statement will show how long you've held investments, which is important for determining eligibility for the 50% capital gains tax discount.
You will also receive a tax statement (aka an AMMA statement) if you were eligible for a distribution during the financial year. Your tax/AMMA statement will outline any income and its nature that you receive from any investment you have in a Spaceship Voyager portfolio.
To complete your Australian tax return you will need your annual statement. If you received a distribution from a Spaceship Voyager portfolio, you'll also need your tax/AMMA statement.
Please make sure the email address on your Spaceship account is up to date so you will receive your statements. We will send out statements for the FY25 (1 July 2024 to 30 June 2025) financial year to this email address.
Pre-filled information
Spaceship sends the Australian Tax Office (ATO) financial information on your Spaceship Voyager portfolios, which allows the ATO to pre-fill your tax return.
It is important you check pre-fill information against your tax/AMMA statement when filing your tax return.
We will submit pre-fill information to the ATO for the FY25 (1 July 2024 to 30 June 2025) financial year by the end of August 2025.
However, pre-filled information may be missing or incomplete due to:
Reporting requirements: Not all information on your statements is reportable to the ATO (eg expenses are not reported).
Timing: Your information may not yet have been processed by the ATO.
Data-matching thresholds: The ATO only pre-fills information that meets specific thresholds.
Validation criteria: Information must satisfy ATO validation requirements to be pre-filled.
Missing TFNs: You did not provide us with your TFN.
You can override any pre-filled information in myTax (or tax agent software) by manually entering your assessable income and allowable deductions. We strongly recommend reconciling your tax/AMMA statement with any pre-filled information and manually entering any other items requiring disclosure.
Distributions
A distribution is your share of a portfolio's distributable income (such as dividends and interest), capital gains, and withholding tax. You're allocated a share of this if you're a unit holder (someone who holds units in the portfolio) on the distribution calculation date (the date we use to work out who receives a distribution), which falls on or around 30 June each year.
Distributions are generally paid within 90 days of the calculation date.
How you receive your distribution depends on which portfolio you hold:
Spaceship Universe Portfolio and Spaceship Origin Portfolio: Your distribution (if any) will be added to your available money balance in the Spaceship app, unless you've opted in to the Distribution Reinvestment Plan (DRP). If you've joined the DRP, we'll use your distribution to issue additional units in your portfolio instead.
Spaceship Earth Portfolio, Spaceship Galaxy Portfolio, and Spaceship Explorer Portfolio: We always reinvest distributions by issuing you additional units in the portfolio.