Invesco STOXX Europe 600 Optimised Banks
Invesco STOXX Europe 600 Optimised Banks UCITS ETF
Held in an ISA or pension? None of this applies to you.
At HMRC's EUR rate of 1.1506 to £1 for May 2026. It arises on 30 May 2026, in the 2026/27 tax year. Every period
IE00B5MTWD60 · Invesco
Excess reportable income, period by period, as Invesco published it. 1 reporting period from 30 November 2025 to 30 November 2025.
“Invesco STOXX Europe 600 Optimised Banks UCITS ETF” is the name Invesco print for this share class in their reporting-fund document for the period ending 30 November 2025. A different share class of the same fund has a different ISIN and a different excess per unit, so check the ISIN above against your contract note.
ERI is income you never received, and it lifts your cost base
A reporting fund can keep income instead of paying it out. You are taxed on the retained amount anyway: it is treated as arising to you on the fund distribution date, six months after the reporting period end (SI 2009/3001 reg 94(4)), and it goes on that year's return with no cash to show for it.
The same amount then increases the cost of your holding for Capital Gains Tax. That is what stops the money being taxed twice. Report the income and forget the uplift and you pay CGT on income you have already paid income tax on. Neither half appears on a broker's consolidated tax certificate, which is why it gets missed.
Every reporting period we hold for IE00B5MTWD60
2025/26: Not in our data: no 2025/26 period is held for this fund. Every report that could put income in 2025/26 was due by 5 April 2026, so check the manager's report. The fund may have reported, closed, or changed its period, and a missing period is never a nil.
| Fund (or share class) | ISIN | Reporting period end | ERI per share | Currency | Fund distribution date | ERI per share in £ | Tax year | Copy row |
|---|---|---|---|---|---|---|---|---|
| Invesco STOXX Europe 600 Optimised Banks UCITS ETF | IE00B5MTWD60 | 30 November 20252025-11-30 | 10.977 | EUR | 30 May 2026 | £9.540240at HMRC EUR 1.1506 to £1 for May 2026 | 2026/27 |
Sterling figures are shown to six decimal places; the calculator uses the unrounded value. The rate applied is HMRC's monthly rate for the month the income arises, which is the month the TaxBull calculator uses for the same figure. It is always an HMRC monthly rate, never a broker's rate and never a market feed (CG78310).
What 1,000 units would mean
If you held 1,000 units of Invesco STOXX Europe 600 Optimised Banks UCITS ETF on 30 November 2025, the reporting period end, then:
- £9,540.24 of excess reportable income arises on 30 May 2026, the fund distribution date, and belongs on your 2026/27 return, even though no money reached you and nothing appeared on a dividend voucher;
- and £9,540.24 is added to the cost of that holding, so the same money is not taxed again as a gain when you sell.
Workings: 1,000 × EUR 10.977 = EUR 10,977.00, ÷ 1.1506 (HMRC's May 2026 rate for EUR) = £9,540.24. The excess is per unit, so 100 units instead of 1,000 divides every figure by ten.
What catches people out
Selling before the period end does not always get you out of it
Regulation 94(3A) of SI 2009/3001: if you sold units on or before the reporting period end and bought them back within 30 days, you are deemed to have held them at the period end anyway, so the income is charged. The uplift on those units goes onto the repurchase, not into the Section 104 pool, because the repurchase is what the earlier disposal is matched against under the 30-day rule. Sell and stay out for 31 days and the period is genuinely not yours.
Dividend or interest is not in this data, and it changes the rate you pay
A fund that fails the qualifying investments test (broadly, more than 60% in interest-bearing assets) pays its excess as interest rather than as a dividend (ITTOIA 2005 s378A). Interest is taxed at your income tax rate with the personal savings allowance, not at dividend rates with the dividend allowance. Nothing in this dataset says which a fund is. The manager's own report does, and a bond fund's excess taxed as a dividend is the wrong tax at the wrong rate. In the calculator you can classify a holding as an interest fund and the figures follow; unclassified, it is treated as a dividend and the report says that it assumed so.
The cost uplift also belongs to units you have already sold
The uplift attaches to the units you held at the period end. If you have since sold the whole holding, the uplift does not disappear. It belonged to the cost of what you sold, and leaving it out overstates the gain. The calculator applies it as a dated adjustment on the distribution date, so a disposal made before the period end never picks up a slice of it.
Where this figure came from
Manager: Invesco. Period held here: 30 November 2025. Currency as reported: EUR.
These are the manager's own published UK reporting-fund figures, taken from the documents it publishes. A period that is missing from this page is missing, not nil: if the manager published one we do not hold, the figure is still yours to report.
The link held for this manager's own reporting-fund page no longer works: etf.invesco.com/gb/private/en/tax-information now redirects to Invesco's US site (checked 2026-09-21). Search Invesco's UK ETF site for its reporting fund / UK tax information page.
Put this on a return
Upload your broker CSV and the calculator applies excess reportable income for every fund it can identify: the income row in the right tax year, and the Section 104 uplift, alongside same-day, 30-day and pooling. A period it does not hold is named rather than treated as nil. The guide explains the matching rules.