ERI stands for excess reportable income. You may get ERI for any investments held in your general investment account which have generated income but didn't pay that income out to you through a dividend or interest payment. Instead, that income is kept within the fund.
If you have ERI, you will see a page detailing this in your annual tax summary. This page tells you how much excess reportable income your investments have made.
Why have I got ERI?
In the last year a fund you hold in your Dodl account has generated excess reportable income.
How does this affect me?
Although the income hasn't actually been paid to you, HMRC still recognise this as a form of income for UK tax purposes. So that does mean you'll need to report it on your tax return.
Any profits you make when selling an investment which has generated excess income will be subject to capital gains tax.
When do I need to include excess reportable income on my tax return?
You'll need to include the excess reportable income in your tax return for the time period where the Fund Distribution Date falls. You'll need to declare this amount as taxable income, even though you haven't received any cash.
Keep in mind that actual income or dividend payments made by any funds you hold will also need to be included in your tax return. You'll find details of these in the schedule of income section of your annual tax summary.