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W & K

Financial Advisers

Do Pie Fund Investors pay too much tax?

“PIE Fund’s (Portfolio Investment Entity Funds) pay too much tax relative to Foreign Investment Funds (FIF Funds)”. That is a statement that has been raised several times since the introduction of the current investment taxation framework that was introduced at the same time as KiwiSaver around ten years ago.

Investment Advice – Understanding Fees and Commissions

Before you use any investment adviser or seek professional advice, it is important to be familiar with how various fees and commissions work.

Like most things we pay for, we expect value in return.  Investors expect to receive a service that will potentially enhance returns, minimise risks, save time and generally relieve the stress and doubt that often comes from investing.

Valuing a Life

In the 1960’s and 70’s it was relatively common for parents to take out a whole of life policy for their children once they were teenagers. In that period there were tax deductions available so the cost was largely insignificant. The policy values in today’s dollar terms were also typically low at around $10,000. The chances are that the majority of these policies are no longer in effect having been cashed up for their not insignificant surrender values.

Affording Your First Property

It is quite understandable that the rate of home ownership in New Zealand has fallen in recent years. Just under 65% of households owned their own home at the time of the last census in 2013, and this is the lowest it has been since 1951. The rapid increase in property prices since 2013 has most likely lowered this percentage. In the higher priced areas such as Auckland, the rate of home ownership, especially for those who would historically be considered as first home buyers, would most likely be a lot lower.

Committing to Financial Togetherness

You have been two individuals, and then became a couple, finally making the commitment to marriage. If you think that now you are married you are financially committed together, you most likely are wrong. The chances are that during your time together before you married, you started intermingling your monies. You may well have triggered the Property Relationship Act.

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