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Personal · Accounts · Flexible Cash Funds

Tax reporting for Flexible Cash Funds

Understanding your Flexible Cash Funds (FCF) statements

When you withdraw from FCF, RSEUAB sells your shares in the corresponding money market fund on your behalf. This shows up in your statement as 'Total value sold'. The value of your purchased shares didn't change in 2024, so 'Total value sold' matches the original purchase price of your shares.

'Total earned interest' reflects the returns you’ve made from holding money market fund shares. 'Total fees' represents the cost of this investment service, and is deducted daily from your gross interest. To find more details on your investments in-app:

  • Go to 'Home' on the bottom menu
  • Tap 'Accounts'
  • Tap 'Savings & Funds'
  • Select a 'Flexible Cash Fund' account
  • Tap 'Info'

Tax reporting to tax authorities 'Total value sold'

As required by law, we’ve reported the combined 'Total value sold' for all your Flexible Cash Funds in 2024 to your local tax authority as 'Income from title transfer of financial instruments, income received from marketing of derivatives not subject to tax relief (12)'.

For sales in USD or GBP money market funds, amounts were converted to EUR using the applicable closing exchange rate on the date of each withdrawal.

We are not required to and did not report any 'Amount of acquisition and selling expenses' to your tax authority.

Tax reporting to tax authorities 'Total earned interest'

Additionally, we reported the combined 'Total earned interest' (before deducting any fees) as 'Interest on non-equity securities (67)', converting any GBP or USD interest to EUR using the applicable exchange rate on the date it was earned.

We did not report fee information, as we’re not required to.

Please ensure you understand and declare the necessary details for your investments made through RSEUAB.

Personal circumstances

Depending on your personal circumstances, you may be able to adjust your personal income declaration and change the amounts reported:

  • Under 'Income from title transfer of financial instruments, income received from marketing of derivatives not subject to tax relief (12)'
  • To 'Income from title transfer of financial instruments, income received from marketing of derivatives subject to tax relief (11)'

Revolut does not provide tax or financial advice. Information in this FAQ should not be relied on as tax or financial advice.