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Thread: Unit Trusts

  1. #1
    Senior Member
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    Red face Unit Trusts

    After talking to my accountant he suggested that Unit Trusts might be more tax effective for me.

    Other than my Kiwisaver I have no unit trust investments.

    I'm looking for advice and recommendations on evaluating unit trusts.
    My kiwisaver is with Fisher Funds so I was thinking of investing with them but I'm open to ideas

  2. #2
    Ignorant. Just ignorant.
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    Default

    Depending on your tax situation, PIEs could be either useful or something to be avoided.

  3. #3
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    Look at

    http://www.piefunds.co.nz/contact-us.html

    I also use Platinum Funds in Australia. This has the complication of FIF for me but works well.

    I wonder if by saying it would be more tax effective for you , your accountant isn't just saying it would be easier for him.

  4. #4
    Legend
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    Quote Originally Posted by GTM 3442 View Post
    Depending on your tax situation, PIEs could be either useful or something to be avoided.
    Interesting comment. I have a few PIE investments that work well for me. What might be the disadvantage for an investor on a different tax rate? IOW who should avoid them?

  5. #5
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    Quote Originally Posted by fungus pudding View Post
    Interesting comment. I have a few PIE investments that work well for me. What might be the disadvantage for an investor on a different tax rate? IOW who should avoid them?
    I think, one issue could be the inability to get a refund on PIE tax if the selected PIR on the investment was higher than you were entitled to during the year.

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