Hi All, I'm in the process of refinancing to invest into managed funds (Navra). I currently hold two negatively geared IPs, and submit an Income Tax With-holding Variation form each year to reduce the tax taken out of my salary each month. With relatively steady income (salary + rent), and relatively steady interest repayments, I can quite accurately (although conservatively) estimate my total loss and the ITWV is no drama, providing me extra cashflow each month, and a small tax return at year end. However, once I add managed funds to the mix, what is the best way to handle the ITWV? Are the dividend distributions already taxed? Do I wildly over-estimate the dividend income to play it safe? Do I forget about the ITWV altogether? What's the best approach to maximise my monthly cashflow without getting stung at tax time?