Fees and tax
What PIR (Prescribed Investor Rate) is applied to joint accounts?
For joint Investment Fund accounts where the account holders have different PIRs (Prescribed Investor Rates) tax is applied at the higher of the two rates.
What are the fees?
All of our diversified funds have the same annual fee: $2.40 for every $1000 invested (0.24%). Our Global Share and Bond funds charge 0.15% p.a., or $1.50 for every $1000 invested. The NZ Cash, Share and Bond funds charge $1 for every $1000 invested ...
How am I taxed?
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 ...
Where is my annual tax statement?
Investment Fund annual statements are sent via email in early-mid May. KiwiSaver annual statements are sent in late May. You can also view your statement/s in the member app by going to Documents & forms under Manage your fund. Please note these ...
How are the fees calculated on my annual statement?
On your annual member statement we calculate the fees that you've been charged during the year using the 'cents per unit' methodology. Our investment management fee represents a small fraction of the daily unit price. This small fraction is ...
What's my Prescribed Investor Rate (PIR)?
Your Prescribed Investor Rate, or PIR, is the rate of tax you pay on the income generated from your investment - it can be 10%, 17.5% or 28%. To view or update the PIR on your Simplicity account, please log in to the member app and select Profile ...