How do I contribute to someone else's investment account?
How do I contribute to someone else's investment account?
Investing in someone else's Investment account is a great thing to do, contributing to the recipient's financial future.
Follow these simple instructions:
1. Confirm that the person you are gifting to is a Simplicity Investment Fund member.
2. In order to gift into a Simplicity member's Investment Funds account, you will need the following information: • Member's SIMF number • Member's fund type
3. Login to your bank and use the pre-assigned payee Simplicity Investment Scheme in your bank's 'bill payment' system.
Input the following information to make a deposit of your chosen amount. Particulars: Member's surname Code: Member's SIMF number (SIMFXXXX) Reference: Member's Fund Type (Balanced or Growth etc)
Applying for an Investment Fund account only takes a few minutes online here. You'll need to provide your IRD number and photo ID like a passport and driver's licence. Once we've completed our verification checks, we'll send you information about how ...
To create a Simplicity Investment Fund account for your child please complete the application form here. You'll need your child's birth certificate, the parent/guardians ID and all of your IRD numbers handy. You have the choice of adding one or two ...
As a fund manager, there are some differences in the way money is transferred compared to a regular bank transaction. The timeframes we provide take into account the time it takes to value your investment and buy units of your fund. Deposits take 2 ...
There is no minimum initial investment amount and no limit on the value of subsequent deposits. One-off deposits can be made at any time, or you can set up an automatic payment directly from your internet banking.
Our Investment Funds are different from term deposits where you invest a set amount for a specified time, and you’re guaranteed a certain rate of return on top of the original amount you invested. With a Simplicity Investment Fund, you’re investing ...