Once a year, we send you a summary of the income you received from investments you held in your NatWest Cushon GIA (General Investment Account).

Called your 'investment tax voucher', this summary covers a single tax year (6th April – 5th April). You can expect to receive it soon after the tax year ends.

What's your tax voucher for?

It's useful for keeping your tax records accurate and up to date. And you'll need it if you're required to complete a self-assessment tax return each year – for example, if you're self-employed or a limited company director.

How to understand your tax voucher

Your investment tax voucher shows income received by collective investment funds you hold in your GIA.

Types of collective investment fund

The terms 'AUT' and 'OEIC' describe the types of collective investment fund associated with your dividends and interest. But it's not important to understand the difference as both are treated the same way.

• AUT stands for 'authorised unit trust'.
• OEIC stands for 'open ended investment company'.

Dividends and interest

There are two sets of numbers on your tax voucher: income from dividends and income from interest.

Collective investment funds are able to receive both types of income, and the breakdown on your tax voucher is determined by the rules that govern the funds.

• Dividends are typically paid to shareholders if the company you own shares in has made a profit.
• Interest is usually paid on any cash or cash-like investments.

Received and Equalisation

Each set of numbers also includes a 'Received' figure and an 'Equalisation' figure.

• The 'Received' figure is how much you earned from each type of income.
• The 'Equalisation' figure is essentially income that your investments accumulated before you purchased them.

If I have multiple GIAs, will I get multiple tax vouchers?

You'll only ever get one tax voucher from NatWest Cushon, whether you have one or many accounts with us. This makes it easier for you to see the total values you need for your tax return without having to add up all the values yourself.

If you also hold investment accounts with other providers, they will also send you an annual tax voucher. You'll need to include the information from both tax vouchers on your self-assessment tax return.

What tax will I pay on the income mentioned in my tax voucher?

The rate at which you pay tax on your income is subject to your individual circumstances and is influenced by your salary, pension, rental and other investments. Contacting HMRC is the best way to obtain this information.

When investing, your capital is at risk. Eligibility criteria and terms apply. Tax treatment depends on your individual circumstances and regulations which may change.