CGT Effect

On accessing the Portal you will be taken to the Dashboard screen below.

For Users with no linked Investor or Account details (e.g. Admin staff) the Dashboard will show as below.

Now select the Main Menu icon at the top of the screen.

From the ribbon shown select the Investors menu.

Then either Dashboard/Manage or Investor Accounts.

Dashboard/Manage allows you to search for any Investor on the Portal whether they have any in-force Accounts or not. Selecting the Investor will take you to their Global View screen.

Investor Accounts allows you to search for an individual Account. The Account must be in-force to be visible here. Select the Globe button on the right to access the Investor’s Global View screen.

The Investors individual accounts are listed on the right hand side of the Global View screen.

Select All Account Actions for the required Account by selecting the cog icon  in the bottom right of the corresponding tile.

CGT Effect is available for Single Withdrawals, accessed via the Withdrawals option under All Account Actions.

When keying the Single Withdrawal amount required, the CGT Effect button will appear.

If an invalid Withdrawal amount is entered (more than the Account value) the CGT Effect button will grey out and a warning message will be displayed when you hover over the CGT Effect button.

Click the CGT Effect Button and the CGT Effect pop-up screen will appear. See Page 13 for details of information contained.

Scroll to the bottom of the page & select Download.

A PDF version of the pop-up screen will now be generated which can be supplied to the Client or manually updated to the Document Vault. (The PDF will need to be renamed manually at present)

CGT Effect is available for both the Portfolio Switch and Rebalance workflows via the Portfolio Switch/Rebalance option under All Account Actions.

The images below are based on a Portfolio rebalance example.

Select Portfolio Switch / Rebalance as appropriate & click Continue to Portfolio effect.

The Portfolio Effect screen will display showing the projected transactions & Current & Estimated Account Value.

Note if there is a regular withdrawal set-up and/or a ringfenced cash amount on the account then this will show on the future cash breakdown figure.

The CGT Effect button will be instantly visible.

Click the CGT Effect Button and the CGT Effect pop-up screen will appear. See Page 13 for details of information contained.

Scroll to the bottom of the page & select Download.

A PDF version of the pop-up screen will now be generated which can be supplied to the Client or manually updated to the Document Vault. (The PDF will need to be renamed manually at present)

The CGT Effect pop-up screen will display the information below as applicable for Single Withdrawals, Portfolio Switches and Rebalances.

• Potential Capital Gains Tax effect of the requested action.
• Client details, product & account ID.
• Current & Estimated market, cash & total values.

• Current holdings according to price, current value & quantity of holdings held based on the current holdings
• Future holdings according to projected value & quantity of holdings held post transaction.
• Projected action type, values displayed.
• Forecast Unrealised & Realised CGT position post the transaction at a holding level. In the Realised CGT figure this includes Realised Gains/Losses incurred in the Tax Year to Date for current holdings only

• Potential Realised Gains/Losses at a transactional level

• Where a model holding is flagged as CGT Exempt then it will display as EXMT with a zero value in the Potential Realised Gains/Losses section.
• Where the transaction type is N/A from a forecast realised CGT perspective (e.g., invest action) then it will show as N/A with a zero value in the Potential Realised Gains/Losses section.

• Disclaimer displayed.

• Option to generate a PDF Download displayed.

For Internal Use Only:

Business Owner Team: L&D Support

Business Owner Contact Details: L&DSupport@uk.sscinc.com/Keri.Binks@uk.sscinc.com

Note: All Knowledge Base updates are approved by the Business Owner.