Unit Trust Distributions – CAS 360 Singapore

Details

For trusts, a Distribution is a payment made to the Trust Unitholders or Beneficiaries.

In CAS 360, Distributions can be added to Unit Trusts.

For more information on Discretionary Trust Distributions, click here.

From the Main Toolbar, go to Trust
Select the Trust from the list.
Select Unitholders

Click

And select Add Distribution

CAS 360 will display the Add Distributions screen.

Field	Explanation
Date Declared	Date the distribution declared by the company directors Toggle ON to use the date declared as the document date
Unit Type	Choose a company unit type which dividends will be paid for
Amount type	Select either Distribution Per Unit or Total Distribution
Distribution Amount	Enter the amount paid per unit or the total amount paid to all unitholders (depending on the amount type selected)
Franked Amount	Enter the Distribution Amount (from above) that has been franked
Distribution Tax Rate	Select the distribution tax rate.
Distribution Type	Final (issued at the end of year), Interim (issued mid year), Special (seperate from the typical dividend cycle) or Other
Distribution Payment	How is the Distribution paid to the Company Shareholders? Select either Distribution Paid in Cash, Distribution Credited to Load Account or Other
Payment Date	Date the Distribution is paid
Payment Currency	Enter the Currency Symbol

Click or

CAS 360 will display the Document Production screen where the following documents can be prepared: