As the top PIR for individuals is 28%, investors may find this is lower than the marginal tax rate applying to income such as salary, wages and interest. It’s important you know your correct PIR before investing. (If you are unsure, seek professional advice, contact the Inland Revenue Department or go to their website.)
As Manager of the Funds, FundRock NZ Limited is responsible for collecting each investor’s share of the tax payable from their investment account and for paying the Inland Revenue Department (IRD).
A tax statement is sent to each PIE investor at the end of each tax year, and generally there’s no need for an individual to include their share of the fund’s investment income in a personal tax return.
“While the top Prescribed Investor Rate is 28%, some individuals may be eligible for rates as low as 10.5% or 17.5% which offer significant tax advantages.”
Within a portfolio of at least 30 long holdings, this fund has the option to use derivatives and short selling to reduce exposure to volatility in markets and to hedge currencies.Read more >
The fund invests in a select number of attractively valued companies that are listed on global shares markets to provide income and some capital growth over the long term.Read more >
We are pragmatic value investors who have developed an eclectic process in building high conviction portfolios of global companies.Read more >