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  1. #1
    Member
    Join Date
    Oct 2014
    Posts
    81

    Default Kiwisaver is the capital taxed?

    Hi, just a curious. With ETFs etc ... it is not but what about Kiwisaver and managed funds?


    Cheers.

  2. #2
    Senior Member
    Join Date
    Dec 2014
    Posts
    581

    Default

    Quote Originally Posted by rayonline View Post
    Hi, just a curious. With ETFs etc ... it is not but what about Kiwisaver and managed funds?


    Cheers.

    Have a read of this (pie tax rules) : http://www.ird.govt.nz/technical-tax...1/2006-81-pie/

  3. #3
    On the doghouse
    Join Date
    Jun 2004
    Location
    , , New Zealand.
    Posts
    9,221

    Default

    Quote Originally Posted by rayonline View Post
    Hi, just a curious. With ETFs etc ... it is not but what about Kiwisaver and managed funds?

    Cheers.
    You can think of Kiwisaver as an envelope through which to do your investing. The size and colour of the envelope does not affect at all the funds contained within.

    If a particular fund within your Kiwisaver pays a capital tax, then so will you, but only on that particular fund holding. If you only hold funds that do not pay capital taxes, then you won't pay any as holder of a Kiwisaver envelope that contains those funds.

    SNOOPY
    Last edited by Snoopy; 17-09-2017 at 05:49 PM.
    Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7

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