Do I pay tax on the money I make through my Verve Money account?

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When you make a withdrawal from your Verve Money account, you may incur taxable capital gains, depending on your individual circumstances. If we have your Tax File Number on file we can report tax information to the ATO on your behalf — this may mean your tax return is pre-filled with the relevant information. You will also receive an Annual Statement around tax time which can be used to complete your tax return. For more information on the tax rules that apply to your Verve Money account, please read the PDS and Investment Guide.