Managed Funds World (MSCI) Index fund.

Discussion in 'Shares & Funds' started by Johny_come_lately, 28th Oct, 2009.

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  1. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    566
    Location:
    SE Queensland
    Hi Everybody,

    I am a day away, from buying into an international index fund. I am a bit wary, as I have only invested in Oz. I have decided to go unhedged. The fund invests in UK/US/Euro/Japan.

    The MSCI index which the fund has been tracking is down 30% over the last 10 years. With the strong Aussie dollar and cheap unit prices, I can afford to buy in. I don't expect much for the next 5 years, so it will be a "set and forget".

    Question:
    If the fund pays company tax overseas, can I claim tax credits in Australia (I am only on the 15% rate).




    Thanks Johny.
     
    Johny_come_lately, 28th Oct, 2009
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,415
    Location:
    Sydney
    The fund should generally give you a detailed distribution report at the EoFY which details the exact nature of the income received.

    If there is foreign income, I believe the country it was earned in will determine whether there are any credits which can be claimed ... the fund should detail those in its EoFY tax report.
     
    Simon Hampel, 29th Oct, 2009
    #2