7 reasons to upgrade Sharesight before EOFY

by David Olsen, Content Manager, Sharesight

Whether you need to organise your investment portfolio to help prepare your tax information, or you’re looking to take advantage of Sharesight’s powerful Unrealised Capital Gains Tax Report to sell shares before the end of the financial year, getting your investments in order before June 30 is easier than ever thanks to Sharesight.

Sharesight brings together data from brokers, share registries, and electronic and paper statements to give you a complete picture of your investment portfolio at tax time.

Upgrade today to unlock these 7 premium Sharesight benefits:

1. More portfolios + unlimited holdings

Sharesight’s Free plan is limited to a single portfolio with 10 holdings. When you step up to an Investor or Expert plan, you unlock additional portfolios and support for unlimited holdings!

Benefits of multiple portfolios

  • Track your SMSF or international share portfolio separately
  • Easily track investments held by family members
  • Use a Consolidated View to track your performance across multiple portfolios
  • Create an investment watchlist to keep an eye on potential buying opportunities

2. Capital Gains Tax Report

The Australian Capital Gains Tax Report calculates capital gains made on shares as per the Australian Tax Office rules. It allows you to specify the sale allocation method at the individual holding level to determine your optimum position, including:

  • First in-First Out (FIFO)
  • Last in-First Out (LIFO)
  • Minimise CGT
  • Maximise Gain
  • Minimise Gain

You can specify the ‘discount rate’ on a per-portfolio basis in the Settings menu according to your particular situation: individual (50% discount), SMSF (33.3% discount) or company (no discount). The report itself breaks down short and long term capital gains and capital losses and goes a long way to helping you prepare your tax return.

screenshot sharesight-cgt 2018-06-05

3. Unrealised CGT Report

The Unrealised Capital Gains Report allows you to calculate unrealised capital gains in your portfolio to help you model how the resulting taxable income would impact your capital gains if particular shares were sold on the reporting date.

This report allows you to implement strategies such as tax loss selling, and make decisions to sell shares before the end of financial year to realise a capital gain event as part of your broader investment strategy.

screenshot - unrealised cgt report

4. Portfolio Benchmarking

One of the most popular features in Sharesight is the ability to benchmark your portfolio against any ETF Sharesight tracks. For example, if you want to track the performance of your portfolio against the ASX200 index, selecting an ETF that is modelled on that index will help you determine the relative performance of your portfolio during that time period.

Portfolio Benchmark ASX200

Sharesight not only lets you compare your portfolio’s performance against index-tracking ETFs, but any ETF within our universe. This includes a number of ‘balanced’, ‘growth’ and ‘conservative’ ETFs.

5. Diversity Report

Does your investment portfolio match your appetite for risk? Diversification is an effective way to manage risk/return, limit exposure to any single asset and align your portfolio with the level of risk appropriate for your personal situation.

screenshot - info - diversity report

Sharesight’s powerful Diversity Report allows you to examine your portfolio across the following dimensions:

  • Market
  • Sector classification
  • Industry classification
  • Investment type
  • Country
  • Do not group (holdings)
  • Custom Groupings (useful for managed funds and ETFs, where sector and industry classifications are often ‘miscellaneous’ or ‘unknown’)

6. Contribution Analysis

(Available on Sharesight Expert plans only)

If you thought the Diversity Report was powerful, the Sharesight Contribution Analysis Report takes it to the next level. The Contribution Analysis Report explains the drivers behind your portfolio’s performance, be they stock selection, asset allocation, or exposure to certain countries, sectors, or industries.

contribution analysis report

The Contribution Analysis Report allows you to undertake performance attribution at the individual stock level, or across various categories – including any Custom Groups you’ve created. The report can be run across the entire history of your portfolio or a specific time period.

7. If you upgrade and pay before June 30, it’s tax-deductible1

Another great way to save money at EOFY is by upgrading your Sharesight subscription. That’s because in most cases, Australian tax residents can claim next year’s subscription fee on this year’s tax return by upgrading to to a paid plan (and paying your invoice) before 30 June1. And as a bonus, when you pre-pay for an annual subscription, you get 1 month FREE!

For $25 per month I was given back about 15 hours of my life usually devoted to manually calculating CGT.
Stephen Colman, Sharesight customer

Important Disclaimer: We do not provide tax advice. Make sure you seek appropriate tax advice before implementing the ideas in this post. 1 If you derive income from the sharemarket, your Sharesight subscription may be tax deductible. Check with your accountant for details.