What is meant by ‘Utilise your own tax status’. How does it work?

Assets are held by Praemium beneficially in your name, meaning you can utilise your personal tax status as if you held the stocks personally (please seek further information from a personal financial advisor or tax agent as to how this applies to you. WE CANNOT PROVIDE PERSONAL OR TAX ADVICE. When you join the SMA your funds will be used to purchase stocks to match the model portfolio, meaning you do not inherit past performance of the fund.