To initiate a withdrawal from your investment account:
To make a withdrawal:
Log in to your member account and click on View details on your Investment Funds
Under Your funds, choose the fund you want to withdraw from.
Select Withdrawals under Manage your fund.
Follow the prompts to verify your bank account (if required) and enter the amount you'd like to withdraw.
For trusts and companies:
You'll need to complete the consent form available in the withdrawal section. The form must be signed by all trustees and at least one corporate director (if applicable), then uploaded with your withdrawal request.
Once we've received your completed request, withdrawals are usually paid to your nominated bank account within 3–4 working days.
For instructions, including Simplicity's bank details, please login to the member app and click Make a Deposit/Add fund under your Investment Fund. If you're a family member looking to make a deposit, please check with the member first so they can ...
Simplicity Investment Funds are structured as PIEs. PIE stands for Portfolio Investment Entity. A PIE invests contributions from investors in different types of investments. The tax rate for your investment earnings from a PIE is referred to as your ...
No, we only accept deposits from New Zealand bank accounts. If your money is overseas, you’ll need to transfer it to your NZ bank account first, then make a second transfer from your NZ account to Simplicity.
There is no minimum initial investment amount for individual or joint accounts. For other entities, such as trusts or companies, the minimum initial investment is $100,000. After your account is open, there is no limit on the value of subsequent ...
The fund type you invest in will depend on your reasons for investing, your age and stage of life and also your risk appetite. To find out what kind of investor you are and for other useful information check out some of the tools on sorted.org.nz ...