If you have questions about your taxes or filling a return — speak to a qualified professional. Wise can’t give you advice on your personal tax situation, and this article is meant for information purposes only.
When you use Wise Interest, you’re investing in units of a fund. This means you may need to pay income tax on income attributed to you annually, and/or capital gains depending on your specific circumstances and other investments.
Learn more on the Australia Tax Office website
Tax Statements
At the end of the tax year, you can request a tax statement to see what income you might need to report on your tax return from your investments in Interest. Meaning, Wise will provide you with a AMMA statement.