Joining Simplicity
Can I open a Simplicity Investment Funds account for my grandchildren?
We do allow child investment accounts under our Investment Fund option. However, for investors under the age of 18, accounts can only be opened by a parent or legal guardian. If the parents of your grandchild wish to open an account for the child, ...
How do I set up an Investment Fund?
Applying for an Investment Fund account only takes a few minutes online here. You'll need to provide your IRD number and a valid NZ photo ID, like a passport and driver's licence. Once we've completed our verification checks, we'll send you ...
Is there a minimum investment amount?
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 ...
Can I invest while living overseas?
You can open an Investment Fund if you’re based in New Zealand, or if you’re a New Zealand citizen living overseas. To apply, you’ll need valid NZ ID, a current home address, which doesn’t need to be a New Zealand address, and a New Zealand bank ...
How do I sign my children up to Simplicity Investment Funds?
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 ...
How do joint accounts work?
You can set up a joint Investment Fund by completing our application form here. If each investor has a different PIR rate, the higher of the two rates will apply. Withdrawals can be requested by either account holder.