Managing tax outcomes as part of the investment process is known to improve member returns, although it can be challenging for superannuation funds to implement. 

GBST's Tax Analyser platform allows investment managers to easily access reliable ‘source of truth’ tax data at the point of trading. It is a web-based tool that builds tax decisions into the investment process, and helps superannuation fund organisations and fund managers to recognise the after-tax impact of investment decisions in real-time without having to understand the complexity of individual tax rules. Calculating both the capital gains implications and potential franking credits losses that may arise from proposed trades, investment managers are armed with the most relevant tax data to make informed investment decisions without needing to keep up-to-date with the latest tax information.

Utilising a sophisticated post-trade analytics engine, Tax Analyser examines the fund-level tax implications on a proposed trade on a pre-trade basis, and measures the after-tax performance contribution of each manager. Outputs of the system include easy-to-read-and-interpret reporting, allowing asset owners to monitor the investment decisions of their managers. It also facilitates the accurate measurement of post-trade, after-tax portfolio value.  

Combining Tax Analyser with After-Tax Benchmark and Analytics, funds can create a ‘whole of fund’ view of tax optimisation enabling organisations to deliver tax-aware, improved member outcomes.

Improve after-tax returns
Tax Analyser is a web-based tool that builds tax decisions into the investment process, helping superannuation fund managers to understand the after-tax impact of investment decisions in real-time without having to understand the complexity of tax rules. Using a sophisticated post-trade analytics engine, Tax Analyser examines the fund-level tax implication (CGT and Franking credits) on a proposed trade on a pre-trade basis, and measures the after-tax performance contribution of each manager. Easy-to-read-and-interpret benchmark reports provide accurate measurements of post-trade, after-tax portfolio value.

Tax-aware investing
By aligning the benchmark with their clients’ measurement criteria, superannuation fund managers are able to ensure they are focusing on each individual’s desired investment outcomes. Through this tax-aware approach, fund managers are able to improve the return on investment (ROI) for their clients. It also allows fund managers to record why they made specific investment decisions, improving the transparency of performance, and allowing super fund organisations to access the thought processes to ensure that best practice standards have been adopted.

Rules-based configuration
Built using a rules-based infrastructure, GBST’s tax engine is capable of handling the complexity of investment tax. We can shape a solution to suit the needs of each fund’s specific aims and goals, while also making it easy for fund managers to deliver the results that fit their clients’ investment strategies.

Secure and centralised
As Tax Analyser is a web-based app that superannuation fund managers use to access their own accounts and information, the IP address of each manager is protected. This enables super funds to centrally monitor the activities of all fund managers while no fund manager can see another’s information.