What tax does the Fund pay?

The Fund pays tax on its investment income. The amount  of tax varies depending on the type of investment. As a PIE the Fund will pay these taxes:

  • NZ Shares –dividends are taxed
  • Australian Shares – most are taxed on dividends but a few are taxed the same as global shares
  • Global Shares –a number of options exist but generally tax is based on 5% of the opening market value of the shares
  • Property – net rental income is taxed
  • Fixed Interest – interest income and changes in market value is taxed
  • The tax payable is calculated on each member’s share of taxable income at the member’s individual tax rate